Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen

[SpecialQue]

Someone needs to smack some sense into her.

[The Macho Man]

Originally Posted by Mr. I'm So Rad

Wow, I guess this means my dad won't get any money when I die.

That reminds me of something I was wondering about earlier...

Does anyone know if life insurance applies to really old people? I would assume it doesn't. Wondering if my mom will get any money when my grandmother dies. Mom is always hitting her kids up for money

[MMM]

Originally Posted by Balla_Status

More like the american government is greedy.

WTF hasn't the overall tax burden gone down over the years while the cost of services has gone up????

If anything taxes have been too low except for corporate taxes which aren't competitive with other nations.

[CP3MVP]

Originally Posted by DCL

some rich people do that for tax reasons, like that facebook billionaire guy.

Zuckerberg? Pretty sure he is and always has been a US citizen. You're probably thinking of his corporation moving from Florida to Delaware, which is way different than citizenship.

[Balla_Status]

Originally Posted by CP3MVP

Zuckerberg? Pretty sure he is and always has been a US citizen. You're probably thinking of his corporation moving from Florida to Delaware, which is way different than citizenship.

The guy he's talking about is the guy that funded facebook. Eduardo Saverin.

[QUIZZLE]

I can't think of anything I could give a fuck less about.

[D-Rose]

Originally Posted by QUIZZLE

I can't think of anything I could give a fuck less about.

Well, you gave one enough to open this thread and waste your time replying to it

[CP3MVP]

Originally Posted by Balla_Status

The guy he's talking about is the guy that funded facebook. Eduardo Saverin.

Isn't he Brazilian?

[DCL]

yeah, that guy! i forgot his name, but balla_status then mentioned it, so the next step was... google:

http://abcnews.go.com/blogs/business...izenship-move/

[KevinNYC]

Originally Posted by The Macho Man

I got no inheritance when my dad died, it all went to paying estate taxes.

Do you mean back taxes? Because with estate taxes there is a certain amount that isn't taxed and estate taxes only apply above and beyond that.

Year ExclusionAmount Max/Toptax rate
2001 $675,000 55%
2002 $1 million 50%
2003 $1 million 49%
2004 $1.5 million 48%
2005 $1.5 million 47%
2006 $2 million 46%
2007 $2 million 45%
2008 $2 million 45%
2009 $3.5 million 45%
2010 Repealed
2011 $5 million 35%
2012 $5.12 million 35%
2013 $5.25 million 40%

So there's an initial chunk of money that isn't taxed and is your Mom still alive because if most assets went to her, there is no estate tax.

[KevinNYC]

Originally Posted by DMV2

Pretty much this.

I didn't see any political or economical motives in this at all.

She's never married the man she lives with. Maybe she is thinking about that.

[The Macho Man]

Originally Posted by KevinNYC

Do you mean back taxes? Because with estate taxes there is a certain amount that isn't taxed and estate taxes only apply above and beyond that.



So there's an initial chunk of money that isn't taxed and is your Mom still alive because if most assets went to her, there is no estate tax.

I was 16 at the time so I don't know the details. Just know we didn't get any inheritance.

My mom is still alive but when my dad always told me he was leaving everything to my siblings and I.

But my dad was a little crazy so he may not have had his shit in order, just know I got no money and we had to sell all of our property to pay the government. I was told it was estate tax, but I don't really know, my sister handled all that.

[9512]

If u think the US gov't is greedy, the new French president is taxing 75% of those who earn more than one million euros in income.

Several famous actors & entertainment industry have fled and moved to Belgium or Switzerland...

Gérard Depardieu made the most noise about it. First he was in Belgium then after finding out it was too much of a hassle to obtain Belgian citizenship, he went Russia where President Putin personally gave Depardieu Honorary Russian citizenship.

Lol @ this...

Even funnier joakim Noah's dad yannick has been living in Switzerland for over 20 years and yet endorsed that pinko president Hollande...

[boozehound]

Originally Posted by 9512

If u think the US gov't is greedy, the new French president is taxing 75% of those who earn more than one million euros in income.

Several famous actors & entertainment industry have fled and moved to Belgium or Switzerland...

Gérard Depardieu made the most noise about it. First he was in Belgium then after finding out it was too much of a hassle to obtain Belgian citizenship, he went Russia where President Putin personally gave Depardieu Honorary Russian citizenship.

Lol @ this...

Even funnier joakim Noah's dad yannick has been living in Switzerland for over 20 years and yet endorsed that pinko president Hollande...

again, the idea that US taxes are out of line is a complete crock of shit. Not only are income taxes at the lowest rates since the 40s, income from dividends and other investments are taxed at a ludicrously low rate. Also, compare our tax rates with any other industrialized nation. Its all fear politics.


Frankly, we should have gone over the "cliff". The only way to come close to a balanced budget is raised revenue (from everyone) and cuts across the board. now the "temporary" bush cuts are permanent and we will never see any major cuts in DOD spending, regardless of what the sec of D recommends. Crock of shit.