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They are taxed on bringing that money into the US though, and the owners of it are taxed once the money moves to individuals
by 8note 5y ago
They are taxed on bringing that money into the US though, and the owners of it are taxed once the money moves to individuals
- triceratops 5y ago> They are taxed on bringing that money into the US though Which they (almost) never have to do. If they need cash in America, they take out super-low-interest loans. > the owners of it are taxed once the money moves to individuals Again, that's technically true but only poor schnooks who keep their money in Vanguard index funds are paying those taxes. The wealthy have more sophisticated tax strategies.