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Re: jbog post# 68910

Sunday, 11/23/2008 5:31:14 PM

Sunday, November 23, 2008 5:31:14 PM

Post# of 257259
OT: >billionaires simply will use tax advantage investing.<

This is an interesting point that I started looking at when Biden made his "patriotic to pay taxes" comment.

I realize it is de rigeur to pay as little in tax as possible. I read estimates around 30-50 billion in annual income lost to the government due to legal (or grey-area) strategies like offshore havens.

So what is "patriotic" in this area? Is it patriotic to make money off the system, and then to do your best to remove your assets from the system? Or how about this:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=8739408

Sorry, I realize this is veering from the original topic... but I think a wholesale review is in order.

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