Attention Economy


Monday, August 8, 2016

US States - Tax Havens for Very Rich

From the NYTIMES - States Vie to Shield the Wealth of the 1 Percent by PATRICIA COHEN
“...Although most out-of-town visitors are drawn to the city’s roulette wheels and slot machines, Mr. Oshins and a battalion of tax lawyers, accountants, advisers, trust administrators and bankers cater to an elite clientele that insists on a much more reliable way to build a fortune.
With their backing, Nevada has stoked an aggressive rivalry among a smattering of states to babysit the wealth of the nation’s top 1 percent, pressing public officials to pass laws, streamline regulations, lower fees and replace D.M.V.-level service with concierge treatment.”


Meanwhile, debate regarding the appropriate taxation of the wealthy is getting interesting:
http://www.theatlantic.com/business/archive/2016/08/is-america-due-for-a-tax-hike/494795/