01-21-2013, 02:54 PM
Lots of wealthy people have been pursuing tax shelters and tax havens for years. I don't blame 'em.
California's bad, but it could be worse. The taxes on the wealthy in some European countries is insane.
I read an editorial piece a couple of days back giving Gerard Depardieu shit for moving out of France and into Belgium to avoid France's 75% income tax on those earning over $1.3 million USD. The French government is calling him unpatriotic. I remember some of that happening about a decade ago when Ringo Starr moved to Monaco because he was so highly taxed in England and California.
I'm scoping out relocation options because I'm getting drained financially, rather than to maximize a fortune (prop + payroll + biz taxes in California and then SF-specific taxes on top are just too much in this economy). I'm not wealthy. I don't think there's anything wrong with Mr. Mikelson or anyone from any income bracket doing what's best for them according to their priorities.
California's bad, but it could be worse. The taxes on the wealthy in some European countries is insane.
I read an editorial piece a couple of days back giving Gerard Depardieu shit for moving out of France and into Belgium to avoid France's 75% income tax on those earning over $1.3 million USD. The French government is calling him unpatriotic. I remember some of that happening about a decade ago when Ringo Starr moved to Monaco because he was so highly taxed in England and California.
I'm scoping out relocation options because I'm getting drained financially, rather than to maximize a fortune (prop + payroll + biz taxes in California and then SF-specific taxes on top are just too much in this economy). I'm not wealthy. I don't think there's anything wrong with Mr. Mikelson or anyone from any income bracket doing what's best for them according to their priorities.