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The Forgotten Victims of May Day
By admin | May 1, 2009
Today, the first of May, workers of the world unite to celebrate what in England we call the May Day bank holiday. But there is a “dark side” to all this – the victims of socialism who are often forgotten by the mainstream media. I’m talking, of course, about the poor, downtrodden taxpayer!
I was reminded of this by a recent blog posting from Vera Verba called Unseen Victim: The Taxpayer at Q Wealth Report. Politicians, points out the posting, are famous for hiding the victims and exaggerating the benefits. Anyone who objects (or avoids or evades taxes, perhaps by opening a Swiss or offshore bank account, is portrayed as “cold, heartless and cruel” by the media. The great quote on this comes from the economist and scholar, Thomas Sowell:
The welfare state is the oldest con game in the world. First you take people’s money away quietly and then you give some of it back to them flamboyantly.
Perhaps instead of the Workers Day, we should be looking at Tax Freedom Day. Tax Freedom Day is defined by Wikipedia as the first day of the year in which a nation as a whole has theoretically earned enough income to fund its annual tax burden. Every dollar that is officially considered income by the government is counted, and every payment to the government that is officially considered a tax is counted. Taxes at all levels of government—local, state and federal—are included.
You can find examples of various tax freedom days on that Wikipedia link. Very few countries on the list have a tax freedom day before April. The United States Tax Freedom Day is – perhaps surprisingly to some – relatively early in the year, at April 13th. That still means all Americans work more than a quarter of the year just to keep the government going.
The UK’s Tax Freedom Day fell on June 2 last year. That means that the poor Brits (the ones still left in the UK, that is) are spending more than five months of the year working for the Chancellor, rather than working for themselves!
Yet pity the poor Norwegians, who will have to work until July 29th to cover their tax burden!
There are lots of reasons in this day and age to go offshore which have nothing to do with taxes. In fact, as I frequently point out, most of my clients these days go offshore for reasons that have nothing to do with taxes. When you become an expat and bill out your services through an ofshore company, you simplify your life so much. No need to waste time keeping records of expenses and tax deductions.
Most people would probably not object to a fair, low, flat tax. But if like me you think the way our governments spend money today is nothing short of evil in many cases, then paying tax really hurts, doesn’t it?
On a more positive note, the good thing is that the news is out. The Tea Parties – peaceful anti-tax protests across the USA – are a very encouraging sign. Perhaps even more significant, but less reported in the mainstream media, is the number of people who are opting out of the tax system altogether, simply by going to live – at least part time – in a country where they can legally carry on their lives and businesses without paying tax. Examples of these countries would be Panama and Belize, amongst others. And a good site where you can read more about such tax-free havens is Offshore World.
If you would like to know more, meanwhile, about how to use offshore banks to protect your assets from greedy governments, you could do no better than starting here at my blog. If you feel I could help you individually, remember I do free consultations for members of The Q Wealth Report. There’s a lot more stuff going free too if you are interested in reading more about this topic… like our FREE Offshore Banking and Asset Protection E-Mail Course e-mail course in association with Q Wealth Report. Have fun – and don’t feel too downtrodden today. There is help at hand. So don’t forget the victims – the taxpayer.
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