Oddbean new post about login | logout Tax is the crime, tax is theft. But the criminals will come after you if you don't pay up
I’m fine to pay some kind of minimum tax to live in a good place. But the US is getting excessive and the exit tax at $2m is a joke. A few more years of inflation and most folks will be making $2m a year. :)
Any amount of tax is theft and slavery. Some people are fine with having their time stolen from them. I am not.
Totally fair. But then you cannot expect to live in a place with services like roads, police, military, etc. Unless those things can be subscribed to or paid for like how anarchists believe (which could happen - I just haven't seen it happen anywhere yet).
Is it a percentage or a number?
It is currently at $2m. Any assets over $2m are treated as if sold and you pay taxes at cap gains rates.