[FoRK] Help wanted (and: Busting the "offshore tax havens" myth)

[Jeff Bone]

On May 6, 2008, at 9:08 AM, Russell Turpin wrote:

> 2) I don't own a couple of oil wells. I do own a very small slice of
> one well. I could boast that it pays for my gasoline and electric  
> bill.
> But I also could boast that I don't drive much, and only run the AC at
> night. 3) Once upon a time, I made most of my income as a contract
> programmer, but now work for a startup. My hope is in sweat equity and
> capital gains. ;-)

BTW, hence my use of a "hypothetical" Russell. ;-)  (It was easier for  
the purposes of the discussion to make the notion of an asset like an  
oil well concrete, and to not mess w/ the partial ownership;  and  
easier to contemplate expatriating contracting income rather than  
regular income.)

As for sweat equity and capital gains and your prospects for an  
eventual windfall --- and how that might be impacted by demonizing  
e.g. PE guys --- see my next post about private equity, venture  
capitalists, entrepreneurs, and the delicately balanced machine that  
is our tax policy as regards that sort of activity...

jb