Posts Tagged ‘asset=based taxes’

What’s so shocking about Cyprus’ tax on bank accounts?

March 26, 2013

OK, Cyprus is going to slap a tax on bank accounts over $100,000.

The world is aghast.  The end of financial systems as we know them is in the balance.

Say, what?

It’s not the first time that a government – think, U.S. government — has seized (oops, I meant “taxed”) private assets

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Here are a couple of examples from close to home …

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