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But what if you weren't even born in the US, much less have ever set foot in the US. Do you think it's fair to "pay a toll" when you're working in a foreign cou
by sushid 11y ago
But what if you weren't even born in the US, much less have ever set foot in the US. Do you think it's fair to "pay a toll" when you're working in a foreign country?
- cr1895 11y agoI don't think that's what he's saying. I think we are talking past each other, myself included. a) cole seems to specifically be talking about very wealthy people who did work and earn money in the US but who renounced citizenship largely for tax purposes (e.g. Eduardo Saverin) b) cole talks about the foreign-earned income exclusion, which is misplaced (for people like (a) this is very different from income earned on investments and for wealth which is subject to the exit tax) There's a smattering of outright incorrect things too like having to pay taxes for 10 years after renouncing.