How Far Would You Run To Save $600-Million?

From The Heritage Foundation, I’m Ernest Istook.

What if you buy a hamburger, but somebody takes a big bite before you can dig in?

That’s like the big tax bites that will get even worse in January.

It’s even tougher when many years of work are lumped into one big payoff, so you’re hit with a truly enormous tax bill.

One founder of Facebook is saving maybe $600-million in taxes by renouncing his U.S. citizenship just before getting paid a few billion dollars. But he’s only part of a growing trend. Almost two thousand Americans abandoned ship last year to avoid our high taxes. France is expecting a similar exodus because their new president says he’s going to soak the rich.

So who deserves your anger the most? Rich people who leave–or government leaders who push them away by raising taxes rather than reducing spending?

From The Heritage Foundation, I’m Ernest Istook.


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Ernest Istook
Ernest Istook shares insights from 25 years in public office, including 14 years as a U.S. Congressman, plus raising five children. He now writes for The Washington Times, hosts a talk radio show, and his daily commentaries are heard on over 100 radio stations. To receive Ernest's free newsletter, simply subscribe at http://eepurl.com/JPojD. Ernest also delved into issues as a Distinguished Fellow at The Heritage Foundation and a Fellow at Harvard University's Institute of Politics. As a former news reporter and courtroom attorney, he enjoys gathering and sharing ideas and information in an entertaining way. Follow Ernest on Twitter @Istook and on his website, istook.com.

Sending Troops To Europe Was The Right Thing To Do

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President Obama has made the right move by sending some of our troops to Eastern Europe. It’s not a big number, but they create an important buffer between those countries and Russia’s Red Army.

Report: 44,000 Duplicate Voters In Virginia, Maryland

DOUBLING UP? A new report says 44,000 voters are registered in both Virginia and Maryland.

A crosscheck of voter rolls in Virginia and Maryland turned up 44,000 people registered in both states, a vote-integrity group reported Wednesday.

TRNS News Notes — 4/24/14

News Notes

Obama Asia tour: we’ll defend Japan
Obama: Ukraine sanctions “teed up”
Navy re-assigns ex-Blue Angels commander
Probe: DHS watchdog altered, delayed reports!
FCC upends itself today on net neutrality
FDA to regulate e-cigarettes

Click here for: Thursday, April 24

● Mortgage closings cause consumer pain

● USDA releases $60 million in breastfeeding funds

● FEC unveils an upgrade to website search engine

● Old shipwreck found near Golden Gate Bridge

● Amedisys pays $150 million for Medicare fraud

● Landmarks added to national list

Iraq And Afghanistan Vets To Be Honored In D.C.

Iraq

The names of all those who have died in battle since 9/11 will be read aloud at the Vietnam Veterans Memorial on May 24.

The Flat-Earth Society Has Arisen Again

Can you imagine what the reaction would be if all four Republican candidates for North Carolina’s senate seat said the sun revolves around the earth?