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When the Beatles found themselves taxed at 95%, they wrote a song about it ("Here's one for you, nineteen for me..."), but they didn't hang up their guitars.
by rst 11y ago
When the Beatles found themselves taxed at 95%, they wrote a song about it ("Here's one for you, nineteen for me..."), but they didn't hang up their guitars.
- WalterBright 11y agoThey did break up. Also, many wealthy Britons moved to Barbados to avoid the taxes.
- wstrange 11y agoI never heard the theory that they broke up because of the tax rates. Thought it had something to do with Yoko :-) Tax avoidance is a significant issue that will require some international coordination - but I do think it is a solvable problem. See for example the Facebook co-founder who had to pay an exit tax to move his assets offshore.
- muzz 11y agoCurrent share price of Facebook is roughly ~4x what he sold many of his shares at