I'm done being taxed to death

[MothBalls]

I worked my ass off for years so I could retire early. After that I got bored and started small business and keep a few people employed. I don't get super rich, but I do still make money and a nice profit. Now the government is going to take that from me, again.

Whatever happened to the small business being the backbone of America? I've been specifically targeted by new taxes, fees, insurance rate increases, etc. Was looking forward to some of the "special attention" that was going to be paid to small business. I didn't know that meant they were targeting my wallet.

From the Wall Street Journal:
http://online.wsj.com/article/SB1000..._HomeAndGarden

WASHINGTON—Taxes on high-income earners would rise by nearly $1 trillion over the next 10 years, under the budget plan put forward by President Barack Obama Monday.

The bulk of that tax increase comes as a result of the expiration at the end of 2010 of tax cuts enacted under President George W. Bush. Marginal income tax rates for people with incomes over $200,000, or $250,000 for married couples, will jump from 33% to 36%, or from 35% to 39.6%.

Capital gains and dividends will be taxed at 20% rather than 15% for people at those income levels.

Limits on upper-income people's ability to claim personal exemptions and itemized deductions will also snap back next year, without any action needed from Congress.

Between the Federal, State, County, and City tax increases, increase license fees, increased medical and unemployment insurance, and the fact that I can't get any business loans right now because I'm a hard working white American, it's gotten to the point where there is no point. There is no incentive for working your ass off in America any more.

Stupid little things like having to pay higher unemployment premiums to make payments to people I didn't lay off. The funny thing is the day I got notified of the increase was the same day I was talking to my [unemployed] neighbor. I asked if he found a job yet. He said "I haven't looked, I still have plenty of unemployment left to collect". I had to restrain myself from walking over and kicking his ass. Then, realizing he's not even a man, not even man enough to get off his ass and work, he's not worth it. (Never spoke to him again, never will). This is the new American attitude. The land of entitlements.

I'm leaving the US. Seriously, I've had enough, I'm done. I've thought about it before, now I'm going to do it. (I'm really not kidding or just mad, I'm leaving). I'm doing serious research into where in the world I'm going to move. I just know it isn't going to be here [in the US] any more. I'm sure there are countries out there who would want a hard working small business owner who pays all of his taxes and keeps people gainfully employed.

[Chad]

I like Denmark, having travelled there for the Subsim Meet 2009. Shortly after coming back, there was a special on Denmark, Copenhagen specifically, on the Oprah show about them being the happiest people on the planet.

Plus, a lot of good lookin women there

I know exactly where you're coming from, but don't know where you can go.

Damn Socialism is a world disease.

They keep trying to rewrite Natures Law to say "Survival of the weakest"!

The guy "on disability" get's a reserved parking spot by the front door, while the guy being taxed to support him may not even find a vacant spot.

Their other rule is that descrimination is OK, as long as it's practiced against the majority, or the strongest.

Originally Posted by Chad

I like Denmark, having travelled there for the Subsim Meet 2009. Shortly after coming back, there was a special on Denmark, Copenhagen specifically, on the Oprah show about them being the happiest people on the planet.

Plus, a lot of good lookin women there

Smaller land where the people have more control of the government.
But if the EU has it's way, that too will be gone to an overpowerful central government, just like in USA. (The United States of Europe - No thanks.)

[Chad]

Ew, no, that doesn't have a good sound to it..

[SteamWake]

Second thread like this in a week... Golden Rivet just had one pretty much the same tone.

What they dont realize... as you have stated.. these high taxation rates will not result in greater revenues it will merly drive business away or out of buisness... wheres your revenue then?

[Skybird]

Anyone thinking about immigrating - all I can say is: avoid the EU at all cost, all states of it.

If I were 20 again, and would plan a life again and would have the ressources to support the move, I would leave the EU not only when wishing to found a family, but would leave anyway. Not sure where to go, US and Canada do not seem to be the option I once considered them to be after schooltime. Japan is a harsh place, and it's economical model is collapsing even faster than that of the US. Leaves me with Brazil, maybe (if I had money, at no cost I would need to live there when being poor), or SE Asia.

Anywhere - just away from the united dumbheadedness of Eurabia.

[Chad]

Maybe there is no place to live happily ever after.

I never hear Texans complaining, so we should all move to Texas

[stabiz]

Monaco.

[Oberon]

Yeah, gotta admit, things aren't that much better over here...probably worse in fact.

How about China or Saudi Arabia? I mean, they're going to rule the world eventually so you might as well get the early rates...

[AVGWarhawk]

Two things you can count on in life:

1. death
2. taxes

[Platapus]

Originally Posted by MothBalls

I'm leaving the US. Seriously, I've had enough, I'm done. I've thought about it before, now I'm going to do it. (I'm really not kidding or just mad, I'm leaving).

See ya. Best of luck to you. Don't let the door hit you on the butt on the way out. Just don't renounce your citizenship. You might want to come back.

They keep trying to rewrite Natures Law to say "Survival of the weakest"!

The guy "on disability" get's a reserved parking spot by the front door, while the guy being taxed to support him may not even find a vacant spot.

There was this bloke back in the 1930s who had an idea you seem to approve of, he knew that a strong nation needed to cleanse itself of the weakest.

See ya. Best of luck to you. Don't let the door hit you on the butt on the way out. Just don't renounce your citizenship. You might want to come back.

But he might want to renounce it if he wants any benefit from the move, after all America does have pretty good tax rates compared to many countries.
So in all probability if he doesn't dump the citizenship he will not only pay the high local taxes he will also still get stung for US taxes.

Monaco.

Good idea, they havn't been forced into a taxdeal with the US yet like so many of the traditional havens have.
Can you remind me again just how much of a multi-millionaire you need to be to avail of tax avoidance facilities in Monaco.

[Onkel Neal]

Originally Posted by MothBalls

I This is the new American attitude. The land of entitlements.

I'm leaving the US. Seriously, I've had enough, I'm done. I've thought about it before, now I'm going to do it. (I'm really not kidding or just mad, I'm leaving). I'm doing serious research into where in the world I'm going to move. I just know it isn't going to be here [in the US] any more. I'm sure there are countries out there who would want a hard working small business owner who pays all of his taxes and keeps people gainfully employed.

This is not new, this has been a major factor since FDR. You have to give up more and more of your income to support others.

What country are you going to live in?

[SteamWake]

No its not new however it has escelated to new heights and there is no end in sight.

I guess Obama was hoping for the change in your pocket.

NEW YORK --The Obama administration's plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.

http://news.yahoo.com/s/nm/20100201/..._backdoortaxes

Largest-ever federal payroll to hit 2.15 million

http://washingtontimes.com/news/2010...turn-of-big-g/

Of course all this growth and escelation is Bush's fault.