Frank Schiling might not be a billionaire like Warren Buffet but they do have a thing in common.
Yesterday, billionaire investor Warren Buffett, said that wealthier Americans should pay higher taxes, and that higher taxes do not stifle job growth.
“Tax the rich”, said the billionaire, smiling.
If only it were that easy.
Warren Buffett added that his 2010 federal tax bill, including income and payroll taxes, was $6,938,744 – taxed at 17.4% of his income.
Taxation of the richest Americans is a hot topic right now, as the US still remains in a state of “bad economy” with job creation low and recession a constant threat.
Meanwhile, millionaire domainer, Frank Schilling – a Canadian citizen residing in the Cayman islands – seems to agree with Warren Buffet: he owns the domain name TaxTheRich.com
The Cayman islands are a tax heaven, and as such constitute an attractive location for launching a domain business – as long as one can produce the necessary legal paperwork in the first place.
