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What millionaires moving to save on taxes says about them, and us

You can tell a lot by a country by how it deals with a new world of a plutocratic elite for whom national boundaries are but arbitrary lines on a map. And you can tell a lot about individual members of that elite by how they choose to deal with a world in which countries compete for their affections with low taxes.

 

Finally, A Billionaire Defends The Billions That She Earned

Clearly tired of being dissed, vilified and attacked for her wealth, the outspoken Ms. Rinehart wrote an article full of unapologetic statements of economic truth. A choice sample: “There is no monopoly on becoming a millionaire. If you’re jealous of those with more money, don’t just sit there and complain. Do something to make more money yourself—spend less time drinking, or smoking and socializing and more time working.”

Senh: Of course, Forbes would defend her controversial statement.

 

Maryland tops the country in millionaires

Here’s some good news for Marylanders: We’re rich! Well, not all of us. Certainly not the blogger currently disseminating this information. But a lot of us are rich. Very rich. So rich that, get this: Maryland, for the first time, now has more millionaires per total households than any other state in the country.

 

IRS: 1,470 millionaires paid no income tax in '09

IRS: 1,470 millionaires paid no income tax in '09

The IRS says 1,470 millionaires paid no federal income taxes in 2009.

 

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