3 ms·

for those of you thinking of applying for a greencard to work in the USA please google "Heart Taxation Act" first. it was introduced 4 months AFTER my greencar

for those of you thinking of applying for a greencard to work in the USA please google "Heart Taxation Act" first. it was introduced 4 months AFTER my greencard was approved..... I'm planning on departing the USA for good on Dec 2015 because of it.

jamiebri 15y ago
That's enough time to get citizenship. The argument is probably "If you are going to stay, get involved, make a commitment. If you don't think its worth that, then by all means leave."
- mahyarm 15y ago
  The US is the only country in the world that does this. Tax it's citizens even if they don't live there for years and own no property in it's borders, or people who have lived there. It's the big wrench in me wanting to get a green card in the USA unfortunately. The HEART act is also very ironic, since it is basically taxation without representation, one of the founding reasons of America.
  - jleyank 15y ago
    Unless you live in a country with lower tax rates than the US, the annual cost of such taxation is paper, toner and postage. The advantage is that you can enter/leave without having to resolve your holdings with the IRS (at least as a citizen, no idea whether this applies to green card holders).
jleyank 15y ago
This seems vaguely similar to what people leaving Canada for tax purposes - they're assumed to logically sell all of their goods that year so as to pay tax on the gain/loss. The US taxes citizens all the time, which has an advantage in this case. Doesn't cost $$, merely requires extra forms and filings. Renouncing citizenship, to first order, sounds like leaving Canada.
sero 15y ago
Can someone explain how this is enforceable if a citizen renounces citizenship while they are abroad? Would that be similar to renouncing citizenship while you owe taxes (I'm not really sure what would happen in that case either)?

3 ms·

for those of you thinking of applying for a greencard to work in the USA please google "Heart Taxation Act" first. it was introduced 4 months AFTER my greencar

by DeanCollinsLCC 15y ago

jamiebri 15y ago
That's enough time to get citizenship. The argument is probably "If you are going to stay, get involved, make a commitment. If you don't think its worth that, then by all means leave."
- mahyarm 15y ago
  The US is the only country in the world that does this. Tax it's citizens even if they don't live there for years and own no property in it's borders, or people who have lived there. It's the big wrench in me wanting to get a green card in the USA unfortunately. The HEART act is also very ironic, since it is basically taxation without representation, one of the founding reasons of America.
  - jleyank 15y ago
    Unless you live in a country with lower tax rates than the US, the annual cost of such taxation is paper, toner and postage. The advantage is that you can enter/leave without having to resolve your holdings with the IRS (at least as a citizen, no idea whether this applies to green card holders).
jleyank 15y ago
This seems vaguely similar to what people leaving Canada for tax purposes - they're assumed to logically sell all of their goods that year so as to pay tax on the gain/loss. The US taxes citizens all the time, which has an advantage in this case. Doesn't cost $$, merely requires extra forms and filings. Renouncing citizenship, to first order, sounds like leaving Canada.
sero 15y ago
Can someone explain how this is enforceable if a citizen renounces citizenship while they are abroad? Would that be similar to renouncing citizenship while you owe taxes (I'm not really sure what would happen in that case either)?