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November 07, 2012

Alternative View: Let It Burn

Very nice words from Gabe below. Very nice.

But as a high-income-a/k/a-1%-American who has never cheated on his taxes before, I have another message.

Fuck. You.

I've been paying AMT for, oh, five years now: 28% marginal on a lower base plus a state rate of 5.3%. The "Bush Tax Rates" that Obama talks about ... oh, wait. He forgot about the AMT. He made out like the "rich" were paying ridiculously low tax rates.

Well, if you're "rich" and still earn a living from real work and happen to live in a high wage/high tax state, this isn't the case at all. You've been paying the AMT too.

So welcome to your red-state tax increase, folks. Your blue-state brethren voted that you should be taxed more. And they're right! As it goes, anyway.

Because this folly won't fall on me. I'm at a high enough rate as it is. And the incentive to cheat just went way up. The IRS charges a much lower interest rate than I'd ever have to pay from holding "the government's" money for a while, so my income model just got another line called "tax float".

Arbitrage, 99%ers, do you speak it?

You like your big government, assholes? Pay for it. But I'll have a chair when the music stops.

I encourage all similarly-situated Americans to do the same.

You idiots that reelected Obama, and elected Warren and the like, can't vote yourselves an infinite slice of my wallet. I'll always be one step ahead of you.

A large amount of money will be moved to offshore tax havens between now and 12/31. Also, watch dividend-paying stocks. A ton of money's about to be distributed in advance of the return-to-Boooosh!!11! tax rates plus the new Obamacare tax on investment income.

Oh, and it's my birthday. Instead of spending it happily effing off, I'll spend it moving money. Point. Click. Done. So, happy.

Also, FWIW, Dow futures are down ~100 points on "hope" as I write this.

[Update] Apologies if this is too ranty. I'm just pissed at the idiots that are stealing my hard-earned money.


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posted by Andy at 08:19 AM

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