“The states’ methods can be aggressive: Issuing subpoenas to pore through credit card statements, bank transactions or phone records to track a taxpayer’s location, and sending auditors to interview doormen or confirm doctors’ appointments.”
“New Jersey will soon learn that its residents aren’t tied to the land like medieval serfs in the feudal system. Governments still have this antiquated view, but it’s no longer valid. Americans who want to legally avoid state income tax can easily move to Florida, Texas, and the handful of other states with no state income tax. And those who want to legally avoid federal income tax can move to Puerto Rico.”
Read more: https://www.sovereignman.com/tax/the-state-of-new-jersey-just-signed-its-own-death-warrant-23939/
“In the People’s Democratic Republic of New York City, the owner of a building covered in graffiti must pay the ‘artists’ who trespassed on and defaced his property because he whitewashed their ‘work,’ a clown in a federal gown has decreed. And he must pay a lot: $6.7 million.”
Read more: https://www.lewrockwell.com/lrc-blog/courts-force-owners-pay-vandals-deface-property-kid-not/
“Assistant U.S. Attorney John Davis said Anderson flaunted his ill-gotten wealth.”
“If New Jersey and Massachusetts approve new millionaires’ taxes, it is difficult to predict how much will be raised and where these funds will ultimately wind up. But if New York and California are any guide, income surtaxes will be destructive. When it comes to higher taxation, interstate migration is just the tip of the iceberg. Higher-tax states, for instance, see less innovative activity and scientific research according to an analysis by economists at the Federal Reserve and UC Berkeley. Any benefits of millionaires’ taxes do not make up for the economic and social toll caused by fewer innovative activities and correspondingly lower job creation.”
Read more: https://fee.org/articles/raising-millionaires-taxes-will-drive-them-away/
“Clinton proposed raising capital gains taxes on investments held for only short periods of time. The tax on investment earnings would nearly double from their current rate of 20% for investments held less than two years. And the rate for those in the top tax bracket would be set on a sliding scale, with incentives for people who hold their investments longer. Meanwhile, Clinton said she would change the tax code to eliminate incentives for CEOs to be paid based on short-term bumps in share prices, with the aim of encouraging leaders to plan more strategically for the future. Clinton also took on what she called ‘hit and run’ shareholders – activist investors.”
http://www.msnbc.com/msnbc/how-hillary-clinton-plans-save-capitalism
“When the ‘day fine system’ was devised for petty crimes, Finland did not even have any speed limits on its roads. Those did not arrive until the 1970s. Back then, the police had to rely on the honor system, that is, asking drivers to declare their incomes, before calculating the fine. In today’s digital age, however, a few seconds is all it takes for the police, using mobile devices, to get information directly from the Finnish tax office. Police officials say that there are really very few tickets issued of this magnitude, though they do not keep track. Mr. Kuisla would have gotten a fine of about 100 euros if he had been traveling three kilometers per hour slower.”
“The words, ‘Brilliant!’ ‘Ground-breaking!’ and ‘Visionary!’ will no doubt be seen in many reviews of Mr. Piketty’s book. He recommends: Uniform global taxation; Confiscatory tax on inherited wealth; 15% tax on capital; 80% tax on annual incomes over US$500,000; Enforced transparency on all bank transactions; Overt use of inflation to redistribute wealth downwards. Why didn’t anyone else think of this brilliant plan? Well actually, they did. In fact, the above is essentially the shopping list of the IMF, the EU, the OECD and, in fact, many of the governments that make up what was formerly described as ‘the free world.'”
http://www.internationalman.com/articles/the-successor-to-keynes
“The global economic crisis, which has gripped much of Europe and America, has the Pope asking how countries can function, or realize their full economic potential, if they are weighed down by the debts of capitalism. ‘A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules,’ the 84-page document, known as an apostolic exhortation, said. ‘To all this we can add widespread corruption and self-serving tax evasion, which has taken on worldwide dimensions. The thirst for power and possessions knows no limits’, the pope’s document says. Pope Francis asks for better politicians to heal the scars capitalism made on society.”
http://rt.com/news/pope-francis-capitalism-tyranny-324/
“Switzerland’s highest court ruled on Friday that Swiss bank Credit Suisse was free to transfer data to US authorities concerning clients suspected of tax dodging, ending a long series of legal challenges. In its decision, the Alpine country’s Federal Supreme Court rejected an appeal by Credit Suisse clients and gave its blessing to a request made in 2011 by Washington for data on clients suspected of evading US taxes. The federal court on Friday ruled that Washington’s broad request ‘was not a fishing expedition’ even though the request did not specifically name the suspected clients.”
http://www.thelocal.ch/20130706/swiss-court-oks-credit-suisse-data-transfer-to-us