Not so secret: UBS to divulge Swiss account names
I'm curious what the anti-tax guys have to say about this. Should rich guys be able to dodge their tax burden unlike the poor or middle class?
Let the free-market, pro-rich apologists comment. 
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Aug. 19, 2009 3:35 p.m. Xceler8x Dork
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Aug. 19, 2009 3:49 p.m. oldtin New Reader
I'm kinda pissed that the billionaire guy who owns our company ships the assets out of the country so he doesn't pay his share (granted he pays a crapload anyway - but not the same percentages as the regular folk). Just means you and me get to make up for it.
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Aug. 19, 2009 4:10 p.m. Toyman01 HalfDork
If I was a multibillionaire I would probably already be expatriated. The direction of the country and the current administrations affinity for class warfare would have me headed for the exits.
Being that these guys broke the law, throw the book at them. They should have gotten while the getting was good.
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Aug. 19, 2009 4:15 p.m. EricM HalfDork
I don't know, it looks like a scare tacktic to me. But then again I have nver had more than $50K an any given time in my life so I don;t know if millionairs get scared
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Aug. 19, 2009 4:18 p.m. JFX001 Dork
You have to keep it moving....Zurich to the Cayman's...to Panama...false ID's....dummy corps...a little payola...
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Aug. 19, 2009 5:00 p.m. Jensenman MegaDork
I'm free market and I have no problem with someone making a crapload. I do have a problem with tax dodging. Screw 'em.
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Aug. 19, 2009 5:13 p.m. ignorant PowerDork
Toyman01 wrote:
The direction of the country and the current administrations affinity for class warfare would have me headed for the exits.
This could nearly be said for every administration. It all depends on what side you are on.
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Aug. 19, 2009 5:18 p.m. Kendall_Jones Reader
Hmm, I wonder if I'm on that list. My sister lives in Switz & years ago I opened a UBS account with a few hundred francs.
Before the global ATM heyday, I couldnt get my credit union ATM to work over there so I used to wire the $$ to my UBS account & cash out when I was over there.
Almost completely forgot about it. Maybe I'll be like Fry & wake up in a few hundred years and actually have some money ;)
Kendall
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Aug. 19, 2009 5:42 p.m. xd New Reader
So in other words the Swiss are not good for a damn thing anymore.
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Aug. 19, 2009 5:53 p.m. 16vCorey SuperDork
BullE36 M3. Volvos and knives.
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Aug. 19, 2009 6:05 p.m. JFX001 Dork
16vCorey wrote:
BullE36 M3. Volvos and knives.
pssssttttt....Volvo is from Sweden.
Swiss Chocolate, Rolex watches, the Alps, skiing, beautiful women....
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Aug. 19, 2009 6:57 p.m. NYG95GA SuperDork
Toyman01 wrote: If I was a multibillionaire I would probably already be expatriated.
If I was a multibillionaire, I would move to Monaco and drink beer with Jarno Trulli in a quaint cafe'. Maybe buy a big boat and challenge Flavio Briatore to a race.
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Aug. 20, 2009 2:02 a.m. Wally UberDork
In spite of feeling over taxed, they are the rules and I have to abide to live here, so should they.
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Aug. 20, 2009 7:05 a.m. DILYSI Dave UltimaDork
Xceler8x wrote:
Let the free-market, pro-rich apologists comment.
Comment - I suspect that now instead of losing their tax revenue but retaining their productive capacity, the nation will now lose that as well. You can only punish success for so long until it punishes you back.
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Aug. 20, 2009 7:38 a.m. Lesley SuperDork
Ayn Rand's probably rolling over in her grave.
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Aug. 20, 2009 7:43 a.m. therex SuperDork
JFX001 wrote:
16vCorey wrote:
BullE36 M3. Volvos and knives.
pssssttttt....Volvo is from Sweden.
Swiss Chocolate, Rolex watches, the Alps, skiing, beautiful women....
Sig Sauer, too. (although all their really cool stuff is made in the US now...)
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Aug. 20, 2009 8:28 a.m. 16vCorey SuperDork
JFX001 wrote:
16vCorey wrote:
BullE36 M3. Volvos and knives.
pssssttttt....Volvo is from Sweden.
Swiss Chocolate, Rolex watches, the Alps, skiing, beautiful women....
Duh. It was a long day at work yesterday. My brain wasn't functioning properly.
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Aug. 20, 2009 8:48 a.m. Wally UberDork
Lesley wrote:
Ayn Rand's probably rolling over in her grave.
I know, who doesnt know Volvos are swedish
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Aug. 20, 2009 10:16 a.m. oldsaw Reader
Xceler8x wrote:
Let the free-market, pro-rich apologists comment.
Perhaps if the US didn't employ a byzantine, confiscatory tax system the "rich" wouldn't be SUSPECTED of anything - because their money would still be in the US banking system.
Research how much "poor" people pay in taxes and, then, get back to us.
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Aug. 20, 2009 11:18 a.m. mad_machine UberDork
yes, it is the middle class that shoulders most of the tax in this country. There was just an article on how the top 400 people in this country pay a smaller percentage of their money in taxes.. 17% as opposed to 17.4% that the middle class spends.
Honestly, that sounds pretty close to me.
I think we need to lesson the taxes taken out on savings. If people save more of their income, it would mean more money in our banking system, which help keep the country solvent.
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Aug. 20, 2009 11:34 a.m. Jensenman MegaDork
The freakin' tax code is what, 6,000 pages? And that's not even a sure number. Here's what has happened: every goober out there wants someone else to pay the bills and some of those can pressure our elected representatives. That means that there have been tax laws enacted which have benefited as few as 100 individuals. So the regulations just keep piling up along with the possible loopholes and we get this gawdawful mess we have now. Time to do away with all that and go with a national sales tax which will be very hard to escape. Or replace the stupid monstrosity we have now with a simpler system with maybe 4 or 5 tax brackets and discard deductions entirely.
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Aug. 20, 2009 11:37 a.m. mtn Dork
I had an economics professor that told us if we were to put the tax code into books, it could be stacked up and completely about 30 feet tall.
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Aug. 20, 2009 11:38 a.m. suprf1y Reader
No tax brackets. Everybody pays their fair share, the same percentage across the board.
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Aug. 20, 2009 12:04 p.m. JohnGalt Reader
Ah a flat tax.
Good idea but i doubt i will ever live to see it happen. I would settle for 2 tax brackets 18% for everyone under 800,000 a year and 23% for everyone over that. Their would be very few tax exemptions and every citizen would have to pay at least something in income taxes. But like i said this will probably never happen in my life time. 
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Aug. 20, 2009 2:32 p.m. alfadriver HalfDork
DILYSI Dave wrote:
Xceler8x wrote:
Let the free-market, pro-rich apologists comment.
Comment - I suspect that now instead of losing their tax revenue but retaining their productive capacity, the nation will now lose that as well. You can only punish success for so long until it punishes you back.
Reply- where in the world would they go? There isn't an economy in the world that has the earning potential that has lower taxes than the US.
Eric
