i am a retired expat.
i do not collect ssi, i do not want it or medi scare.i buy all my own insurance and have lived for almost 10 yrs 100% on long and sort cap gains and rental income. i have earned zero working income on purpose for almost 10 years. in 2002 i faced combined income taxes on my self employed income well over 60%. this includes the self employed version of ssi, i.e. double, plus state income taxes and required bonding and state insurance. i closed the business. i did not need that when paying 60%. it was stupid to have that much exposure and work so hard to pay morons to waste it.
the bush tax cuts on cap gains had me convert all my income in that direction, retire and leave the country. suddenly the trading platforms for small gains in commodity trading made economic and tax sense. for years i had great earnings with low taxes that kept my significant principle in the USA working for the economy, and generating not insignificant taxes. since this is all i earn. my life. my future. i saw the obozo lie right away. many many millions of Americans will be paying much higher taxes and earn far less than 250k. they are retired people like me. the increase in LT cap gains taxes, which begins on dollar 1, will be in excess of 100%. from 15% to 38%.
lets be very clear here obozo. the raising and lowering of taxes is the primary predicate of changes in behavior!! you hear that fool? to the dems, it is not about raising money, it is about there sick ideas of justice. a la robin hood, nothing but misguided thieves. to people like me it is not about paying the money, it is about my personal freedom. taxes change behavior.
seeing the future as i must. about 15 mos ago i began the change. reducing my investing principle, taking advantage of low foreign prices and purchasing properties abroad. my income has been reduced by 2/3s. i did not need the month to month.i paid almost no taxes his year. nor will i. my principle is secure. no matter what that jerk does.
if you raise taxes, we change our behavior. one investor at a time. galt that.
