I have been getting information on New Zealand.
Frying pan,fire.
Did you hear Rush mention yesterday that Hillary Clinton and Steve Wozniak have both decided to hang out in Australia for a while?
Woz has openly stated he’s seeking Australian citizenship.
In Maryland, Higher Taxes Chase Out Rich: Study
Published: Monday, 9 Jul 2012 | 5:13 PM ET
By: Robert Frank
CNBC Reporter & Editor
http://www.cnbc.com/id/48120446/In_Maryland_Higher_Taxes_Chase_Out_Rich_Study
Au Revoir! France?s Rich Flee Hollande?s Sky-High Taxes, Proving Cameron Right
BY Jacey Fortin | July 17 2012 7:37 AM
Francois Hollande is in a tough spot.
Au Revoir! France?s Rich Flee Hollande?s Sky-High Taxes, Proving Cameron Right
French President Francois Hollande gestures during a news conference with Italian Prime Minister Mario Monti on Thursday at the Chigi palace in Rome. The same day, Hollande reportedly discussed with Monti a proposal for the European Union to agree on growth-boosting measures worth €120 billion ($151 billion) this year.
The Socialist French president has fallen out of favor with the well-to-do crowd — they’re fleeing the country to escape a new tax system that threatens to dig deep into their assets.
A representative of the British real estate firm Sotheby’s Realty told the Telegraph on Monday that its French offices sold more than €1.7 million worth of high-end property from April to June this year, a stark increase in sales as compared to the same period last year.
Interstate Migration
Several studies, including the American Legislative Exchange Council’s “Rich States, Poor States,” and past reports by the Americans for Tax Reform Foundation have documented the movement of taxpayers from high tax to low tax states in recent years.
These studies present compelling evidence that taxes are the single largest factor in interstate migration, compared to factors such as climate, employment, family relocation, etc.
Our analysis takes this methodology one step further. Using data from the Internal Revenue Service (IRS), we calculated both the number of taxpayers migrating, and also calculated the adjusted gross income (AGI) that left the state as well. That is, we have calculated how much money—in terms of personal income—states lose or gain due to migration. Our findings confirm that taxpayers are leaving states with higher taxes and unfunded pension and healthcare liabilities.
http://www.fiscalaccountability.org/?content=COGD1010
Newsmax
Wealthy Americans Jumping Obama’s Ship
Sunday, June 24, 2012 12:46 PM
Wealthy Americans aren’t just leaving tax-heavy states like New York and California, they’re leaving the country.
U.S. citizens are defecting at record levels in order to escape high taxes, the New York Post reported. About 8,000 U.S. citizens are projected to renounce their citizenship in 2012, or about 154 a week — versus 3,805 in 2011, or about 73 per week, according to immigration officials, the Post reported.
They want to avoid tax bills resulting from the proposed 55-percent hike on the wealthy and the anticipated expiration of the Bush-era tax cuts at the end of the year, the Post reported.
“High-net-worth individuals are making decisions that having a US passport just isn’t worth the cost anymore,” Jim Duggan, a lawyer at Duggan Bertsch, which specializes in protecting assets of the wealthy, told the Post.
“They’re able to do what they do from any place in the world, and they’re choosing to do it from places with much lower tax rates,” he said. “Some are philosophically disgusted at the course our country is taking in all kinds of ways. They’re making a strong protest of, ‘Enough is enough.’ But largely it’s an economic decision.”
But to leave means finding a new country and obtaining citizenship and there are many that are eager to welcome wealthy Americans, such as Australia, Norway, Singapore, Cayman Islands, Costa Rica, and Antigua, according to the Post.
These countries tend to offer a fast track to citizenship and protections from the Justice Department and IRS.
That's funny, so have I! Maybe I'll see you there. Its a pretty small country though - I don't think there's enough room there for all of us...