4 ms·
Tax havens are parasites on tax systems of other countries but tolerating a similar shtick within a single country is a separate level of fucked up.
by praptak 6y ago
Tax havens are parasites on tax systems of other countries but tolerating a similar shtick within a single country is a separate level of fucked up.
- ipaddr 6y agoCorporate tax havens, income tax havens, property tax havens, sadles tax havens are all part of the one side of this system. On the opposite side you have over serviced areas, daily door to door mail delivery, public transit, universal health care all available in over taxed havens. The federated nature of united states allows each state to set different tax rates / service levels. These states compete with each other to attract people / capital. The nature of how the system works means tax havens are not parasites. They are part of an ecosystem system that competes. The freedom to make those changes is what makes them successful over a system who would limit that. On the country level its more extreme with currency havens.
- VWWHFSfQ 6y agoDo you consider places like Texas and Florida to be "tax havens" because they are increasingly attracting more and more people to move there from places like California and New York for personal tax advantages?
- praptak 6y agoOnly to the degree to which those people avoid taxes on money that they actually make in other states.