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Old 02-19-2009, 01:25 PM   #5 (permalink)
Cynthetiq
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Location: Manhattan, NY
I don't seem much of anything coming out of this. America is one of the only countries that taxes monies no matter where the money is made by Americans. This means that you get taxed on monies you make in any other country from labor to investments, thus any interest you make on any accounts, you are supposed to pay taxes on.

Only other country that does this same thing is the Philippines.

Personally, I don't think that anything will really come of this. We'll see some items, but then after awhile it will be either back to normal, or rich people will find another location to store their monies.
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