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Does Canada claw any of that back through expat income taxes? That would seem to be a more realistic and mutually beneficial economic arrangement than expectin
by jcims 6y ago
Does Canada claw any of that back through expat income taxes?
That would seem to be a more realistic and mutually beneficial economic arrangement than expecting people to ignore an opportunity to make substantially more lifetime income out of allegiance to their birth country. We stole one in Ohio, she even married into the family. Her parents are absolutely amazing folks, just saw them on their way back from wintering in Florida (where they were actually able to get vaccinated, unlike back home where nobody is vaccinated and the cops are facetiming neighbors to make sure there are no visitors.)
Maybe Canada can stabilize as an incubator for cool people and recoup those expenses through the impact they have on the world.
- eru 6y ago> Does Canada claw any of that back through expat income taxes? The US is the only country anyone cares about that taxes their expats.
- jcims 6y agoMaybe we're on to something there.
- eru 6y agoBy 'we', do you mean the US? It's generally considered one of the worst aspects of the American tax system. See eg https://en.wikipedia.org/wiki/Accidental_American#Taxation_of_non-residents https://en.wikipedia.org/wiki/Accidental_American#Taxation_o...
- blaser-waffle 6y agoYeah is a PITA if you're overseas. Regarding the US and Canada, there are NAFTA cross-border tax rules which are complex and annoying, but not especially onerous in terms of tax obligations.
- eru 6y agoMost overseas American don't pay American income taxes either, because of minimum thresholds and widespread (anti) double taxation agreements. Those people still have the hassle of having to declare American taxes, without generating any revenue for the fisc. That's a pure deadweight loss, if there ever was one.