They pay, because at any moment they can come back as a citizen.
But that’s true of pretty much every other country in the world as well. So it still doesn’t explain why the US is the only one that charges tax on foreign-earned income.
So it still doesn’t explain why the US is the only one that charges tax on foreign-earned income.
On the wealthy…
You keep omitting that point, and it’s starting to get old.
But the reason is idealistic.
America was supposed to be the land of immigrants where anyone can immigrate, work hard, and earn wealth.
That system doesn’t work if once you amass your wealth, you fuck off somewhere else and take it all with you. The reasoning is you were able to amass that wealth through America’s social ladder.
If the wealthy (the only ones that pay foreign income tax or exit taxes) don’t want to pay that, they know that being honest will never result in change.
If how I’m saying it doesn’t make sense, use the IRS website I’ve provided numerous times.
You keep calling these people “wealthy” but the income levels you shared don’t even come close to matching that. Also lol at the idea of America being an idealistic place so that’s why people should pay this tax. My fucking ass. America is and always has been rigged for rich people, which should immediately tell you why this law still exists.
How about we actually tax real wealthy people, like millionaires loaning money to themselves, instead of forcing the middle class to pick up the slack yet again?
If how I’m saying it doesn’t make sense, use the IRS website I’ve provided numerous times.
You cannot expect people to use the irs.gov website. That’s not open to the public. It’s exclusive. Try going there over tor - you will get a 403. Indeed it’s shitty that access to legal information is restricted. It should be open to all.
Because you’re American and should pay taxes no matter if you’re in Antarctica or not. If you’re in a different country and not participating in America’s system, then why are you claiming to still be an American citizen? The answer is to renounce at that point. The right winger “taxes against rich are bad” are starting to come out in this thread lol.
But that’s true of pretty much every other country in the world as well. So it still doesn’t explain why the US is the only one that charges tax on foreign-earned income.
On the wealthy…
You keep omitting that point, and it’s starting to get old.
But the reason is idealistic.
America was supposed to be the land of immigrants where anyone can immigrate, work hard, and earn wealth.
That system doesn’t work if once you amass your wealth, you fuck off somewhere else and take it all with you. The reasoning is you were able to amass that wealth through America’s social ladder.
If the wealthy (the only ones that pay foreign income tax or exit taxes) don’t want to pay that, they know that being honest will never result in change.
If how I’m saying it doesn’t make sense, use the IRS website I’ve provided numerous times.
You keep calling these people “wealthy” but the income levels you shared don’t even come close to matching that. Also lol at the idea of America being an idealistic place so that’s why people should pay this tax. My fucking ass. America is and always has been rigged for rich people, which should immediately tell you why this law still exists.
How about we actually tax real wealthy people, like millionaires loaning money to themselves, instead of forcing the middle class to pick up the slack yet again?
You cannot expect people to use the irs.gov website. That’s not open to the public. It’s exclusive. Try going there over tor - you will get a 403. Indeed it’s shitty that access to legal information is restricted. It should be open to all.
Because you’re American and should pay taxes no matter if you’re in Antarctica or not. If you’re in a different country and not participating in America’s system, then why are you claiming to still be an American citizen? The answer is to renounce at that point. The right winger “taxes against rich are bad” are starting to come out in this thread lol.
If you think it’s that easy to renounce American citizenship, you have no idea what you’re talking about.
I fully support taxing the rich. I am very explicitly NOT rich. And I cannot come close to being able to afford to renounce my American citizenship.