The great American tax haven: why the super-rich love South Dakota

Re:The great American tax haven: why the super-rich love Sou... by seibelj on Friday November 15, 2019 @09:49AM (#21545217)

When you decamp from SF to Texas, or NYC to Florida, you avoid a significant amount of taxes whether you made the move specifically for that or not. Similarly, if you are in Europe and change your primary residence to Monaco or Luxembourg, you accomplish the same thing.

There is a disconnect when you do something and someone vastly richer does something. There is a line above which it is immoral and wrong, and below which it’s totally OK because you aren’t rich and you are just a good person making a financial decision.

Probably we should pass laws that stop anyone from making any decision that avoids taxes. It’s not fair if you are raised and educated in SF and then take all your money away from the future generation there. Logically it must follow that you owe the community that raised and nurtured you a lifelong duty of taxes. It’s very wrong how people move from SF to Texas.

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Re:The great American tax haven: why the super-rich love Sou... by harryh on Friday November 15, 2019 @09:14PM (#21550523)

Poe's Law strikes again.

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Re:The great American tax haven: why the super-rich love Sou... by GhettoMaestro on Friday November 15, 2019 @09:53AM (#21545253)

Haha no. You’re basically advocating tax slavery. Freedom of movement is a freedom like any other.

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Re:The great American tax haven: why the super-rich love Sou... by seibelj on Friday November 15, 2019 @09:59AM (#21545295)

Obviously I’m not in favor of limiting freedom of movement, that would be insane. I’m merely advocating for fairness. Why is it wrong for someone to move their wealth to South Dakota to avoid taxes, but OK for someone to move from SF to Texas and avoid paying back the community that raised and nurtured them?

Maybe we need to have the government track where you reside every day, and then your taxes are paid proportional to the communities in which you lived. This would be some sort of “social tax” which is the fair solution.

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Re:The great American tax haven: why the super-rich love Sou... by lucifirius on Friday November 15, 2019 @10:08AM (#21545379)

Fairness would involve treating everybody the same, rich or poor.

You don't like the poor, you just hate the rich.

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Re:The great American tax haven: why the super-rich love Sou... by undersuit on Friday November 15, 2019 @12:29PM (#21546771)

Taxes are applied equally to all. I follow the same tax code as someone making 200x what I do.

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