IRS Commissioner Steven Miller Knows Nothing About Nothing!
Wall Street Firms Flee New York for Tax-free Florida
One of the many reasons I love living in Miami Beach - no Florida state taxes? The weather's great too!
Did Tina Turner Give Up Her U.S. Citizenship Because of the Complicated U.S. Tax Code?
AFP - US pop legend Tina Turner, who has been living in Switzerland since 1995, will soon receive Swiss citizenship and will give up her US passport, Swiss media reported Friday.
"I'm very happy in Switzerland and I feel at home here. ... I cannot imagine a better place to live," Turner told German language daily Blick.
Turner, 73, who was born Anna Mae Bullock, lives in picturesque town of Kuesnacht, on the shores of Lake Zurich in northern Switzerland, and has passed a local civics test and interview, according to an official announcement published in the Zuerichsee-Zeitung daily.
The woman behind such hits as "Private Dancer", "Simply the Best" and "What's Love Got to Do With It?" will still need a green light from the canton of Zurich as well was federal authorities before she can receive red passport, the two papers reported.
Turner spokeswoman Karin Rhomberg told the Zuerichsee-Zeitung that the singer wanted to "clarify her situation".
"Tina Turner will therefore also give back her US citizenship," she said.
Turner, who has learned German, reportedly moved to Switzerland in 1995 when her longtime partner, German record executive Erwin Bach, was transferred here.
Actor Will Smith Freaks Out at France's Proposed 75% Tax Rate
Will Smith is an ardent supporter of Obama's proposal to raise income taxes on high earners in the U.S. from 36% to 39%. Smith enthusiastically preached the gospel of paying one's fair share of taxes in a French TV interview.
But when asked about his take on the tax policy of French president-elect François Hollande, Smith was shocked silly by the suggestion of a 75% tax rate on those earning above €1 million annually.
Bloomberg: Facebook Co-Founder Gives Up U.S. Citizenship Before IPO To Reduce Tax Bill
Eduardo Saverin, the billionaire co-founder of Facebook, renounced his U.S. citizenship before an IPO that values the social network at as much as $96 billion. This move should reduce his U.S. tax bill.
ABC News: U.S. Pentagon Issues Study of a Study About Studies
The Pentagon was inundated with so many studies in 2010 that it commissioned a study to determine how much it cost to produce all those studies.
More waste of U.S. taxpayers' money!
