IRS Collections data for the Top 400 Taxpayers reveals several some frightening, but very predictable effects from government's attempt to "Soak the Rich". The rich are leaving.
Ok. It doesn't say that in so many words. But here are just a few of the important things that it does say.
But the most important part of all this is what isn't said.
While billionaires around the world are getting richer, either our billionaires are getting poorer or they're moving offshore and becoming foreign billionaires. So do you believe that our billionaires are suddenly not as smart as the rest of the world's billionaires? In fact, it's a lot more likely that the reduced amount of money being made by the Top 400 is the result of a number of those Top 400 moving offshore, making room at the bottom of the list for new members, who don't earn quite as much as those who left.
After all, the more the make, the more they're punished for their success. Why wouldn't they leave?
To see highlights from that IRS report on the Top 400 Taxpayers go to:
You can also download the entire IRS Top 400 Report (PDF) there as well.