[quote=NeetaT]I would tell the IRS to pack sand. If you want people to keep their money in the US, stop taxing interest income. I’m sure people would spend their untaxed interest income, thus helping businesses.
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Better.
Let the first 25K in Interest/Dividend income be untaxed,
then let the rest be taxed at regular income rates.
That will encourage people to have a certain amount of
savings generating income, but, will tax those above the median.
