The most dangerous place in Washington is between Chuck Schumer and a camera. (I got that joke from one of his Hill staffers.)
But yeah, this seems like something that is both extremely rare and Not A Problem.
But yeah, this seems like something that is both extremely rare and Not A Problem.
As Federal Income Tax, Capital Gains Tax, and Qualified Dividend Taxes increase, we will most likely see more of these flight-from-tax acts, not fewer.
George Soros is alive and kicking living in Upper East Side, Manhattan; Bedford, Westchester county; and East Hampton, Suffolk county. If you are lucky you can bump into him very often in Bloomberg Headquarter. And George Soros is also a proponent for Buffett Rules.
(I'm actually rather embarrassed to have made this mistake)
And, anyway, it seems like a more-or-less solved problem with the Exit Tax.