“Russia has set up regional zones as tax havens. Factories are taxed at low rates. How low? This low. What if Detroit were allowed by the U.S. government and Michigan’s government to offer this? What if Detroit had been allowed to offer it in 1960? If it works in one region temporarily, why not all regions permanently? Most Russian [companies] pay 20% in income taxes. What do you pay in the USA? Add Social Security and Medicare. Add state income taxes. Pity the Russians. They live under tyranny. Right?”
http://teapartyeconomist.com/2013/07/26/tax-haven-russia/
Related posts:
Creator of drone casualties visualization hopes data will ‘shock’ people
Microsoft DMCA Notice ‘Mistakenly’ Targets BBC, Techcrunch, Wikipedia and U.S. Govt
Picking Winners in a Field of Losers
Local Television Beats the Internet?
Iowa City Council Votes To Ban Traffic Cameras And Drones
Philly Judge Who Found Cop Not Guilty, Married to Cop
Cop Arrested for Propositioning 5yo, Possessing Baby & Toddler Porn
Baton Rouge sheriff’s office targets gay men under ‘crimes against nature’ law
How 7.9 million people adopt Bitcoin in the Middle East
Dr. Kissinger on the 'New World Order' – Editorial or Policy Statement?
Sales Surge for Electronics Firm After Bitcoin Black Friday
Trace Mayer on all things Bitcoin
L.A.-area lost hikers may have to pay $160,000 for manhunt after drugs found in their car
4 Little-Known Facts about Immigrants and Company Founders
The secret lives of students who mine cryptocurrency in their dorm rooms