Posted 5 years ago on Sept. 21, 2012, 8:39 a.m. EST by richardkentgates
This content is user submitted and not an official statement
I'm tired of the bitching about overseas tax havens. Why? Because it's just bitching with no intention or effort to go beyond that.
I say, put the issue to rest. Find American citizens with overseas tax haven, and tax them retroactively for the entire amount of dollars and time as can be proven that the money was being sheltered from taxes. Been stashing 4 billion in an island bank since 1979, you get the current tax rate for each year for 33 years and the penalties for each year of non-payment.
All in all, this should snatch every red cent of some 1%ers, leaving them broke, and go a long way to repaying what they've stolen just in the last 5 years.
Just a thought.