Thursday, July 28, 2011

New Requirement to Report ALL Offshore Assets May Foreshadow U.S. 'Wealth Tax'

Mark Nestmann

The Tea Party contingent of the Republican Party won’t like it. But, if President Obama and his minions have their way, U.S. taxpayers may soon be paying a new tax – one based on their net worth.Such “wealth taxes” are nothing new. Among other countries, France, India, the Netherlands, Norway, and even Switzerland levy a tax based on the net worth of individual residents. I last wrote about wealth taxes here.The mechanics of a wealth tax couldn’t be simpler. You prepare a balance sheet of your worldwide assets. Then, you subtract an exempted amount. (For instance, in France, the first EUR 600,000 of assets are exempt from wealth tax. This exemption is slated to increase to EUR 1.3 million in 2012.)If your net worth is higher than the exempted amount, wealth tax is due on the balance. In France, the rates vary from 0.55% to 1.8%, although they’re scheduled to be reduced in 2012 to a top rate of . . . . . . . . .


  1. I will mail my wealth tax to Hussein Obama personally
    After i wipe my asshole with it

  2. I lived in Asia from 1992 until 1996 and flew many times non-stop to Hawaii from Hong Kong, Taipei, and other cities. I do not know when it happened but now you can only fly non-stop to Hawaii from the US, Japan, Guam, South Korea, Australia, New Zealand, Canada, and that's about it. Only hard-core American allies can fly to Pearl Harbor. Is this something recent and is it SECURITY related?

  3. Boy! I don't know; but we ALL feel so very bad for you! Is there ANYTHING we as a collective
    group can do for you?
    Perhaps we can create a "special Annon 2:27 non
    stop flight to Hawaii "


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