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At the federal level, the US taxes based on US birthplace or acquired US citizenship regardless of where a person later chooses to locate. Why not do that at th
by voisin 6y ago
At the federal level, the US taxes based on US birthplace or acquired US citizenship regardless of where a person later chooses to locate. Why not do that at the state level?
- mikhailfranco 6y agoAnd indeed, why not at the city level too :) I cannot figure out why global taxation and the ensuing coercion (IRS,FBAR,FATCA,citizenship exit penalties) doesn't fall foul of some part of the US constitution, such as cruel and unusual punishment for not committing any crime other than earning some money some place else. FATCA also demands extra-territorial jurisdiction over foreign banks, which is outrageous. I am sure when the time comes, the IRS will try to enforce pan-galactic taxation... Elon will have to renounce before blast off to Mars.