3 ms·
THis is interesting - is this an Trump opposition dump on Biden? Pretty good timing if so :) And for all the folks going on about taxes. 1) Rich people can al
by temp667 6y ago
THis is interesting - is this an Trump opposition dump on Biden? Pretty good timing if so :)
And for all the folks going on about taxes.
1) Rich people can already avoid taxes by investing overseas and not generating realized gains so funds stay untaxed overseas. I don't think being a citizen of EU would change that much.
2) US citizens are taxed regardless of second citizenships as US citizens.
"If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside."
https://www.irs.gov/individuals/international-taxpayers/us-citizens-and-resident-aliens-abroad https://www.irs.gov/individuals/international-taxpayers/us-c...
- arsenico 6y agoExactly. I don’t think those who comment understand that IRS will tax Schmidt anyways, and he also is already avoiding taxes as much as he can.
- temp667 6y agoFor folks with a family office the question is not too complicated. Someone says, would it be beneficial to have another passport (EU). The answer is yes (sometimes also intended to benefit kids by giving them lots of options in terms of schools etc). Then someone else does all the paperwork. You need to buy property worth $400K? That is not even an expense. This is not a "high cost" approach.