Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: Apparently rich people say they want to leave the USA because of taxes [View all]Spider Jerusalem
(21,786 posts)39. I don't blame them.
And no, this isn't "leaving the USA because of taxes". This is renouncing American citizenship because the US government demands taxes on income regardless of residence. Sorry, but I don't see any logical or rational reason why an American citizen who lives and works in London or Berlin or Sao Paulo should have to pay a penny in US income tax, on income entirely earned outside the US.
This creates situations of double taxation and much inconvenience, and the United States is one of only two countries in the world to tax on the basis of citizenship and not residence (the other is Eritrea).
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
55 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Apparently rich people say they want to leave the USA because of taxes [View all]
davidn3600
Feb 2013
OP
The UK does not do that. Nobody even has to renounce their citizenship to avoid UK taxes.
Nye Bevan
Feb 2013
#11
I hear that Somalia is nice this time of year. And the taxes are extremely low.
pampango
Feb 2013
#36
Fine. Hope they take the Tea-Nazis with them. I highly recommend the Carnival Triumph. nt.
OldDem2012
Feb 2013
#7
They are not going to be paying that much more than before. What a bunch of jerks.
LiberalFighter
Feb 2013
#8
In order to not be taxed, an American has to give up their citizenship. Those who do this are
Bluenorthwest
Feb 2013
#31
There is nothing stopping a foreign national from continuing to do business here as before
stevenleser
Feb 2013
#29
An expatriate is not necessarily someone who has renounced their citizenship
Art_from_Ark
Feb 2013
#46
No doubt there are some Americans who've decided they want to become Japanese citizens
Art_from_Ark
Feb 2013
#51