Ohio Royce

I read the biography of three time formula one world champion Sir Jackie Stewart and in his story he told of how the tax rate at that time in his native Scotland was over 90 percent. He realized that the career of a formula one driver is only a few years, so he needed to put money away for his "retirement" years and such. Therefore, he moved to Switzerland to get away from the high tax of Scotland. I have also noticed a number of formula one drivers today have moved to Monoco. It is my understanding that the tax rate in Monoco is very low or non-existent on certain types of income. Of course these drivers could be moving to Monoco for other reasons as well.