3 ms·
Your perspective is correct but missing a critical fact. The hedge fund manager still pays taxes in his home country for his earnings abroad. So he still pays t
by simple-thoughts 4y ago
Your perspective is correct but missing a critical fact. The hedge fund manager still pays taxes in his home country for his earnings abroad. So he still pays the taxes for those services.
Where it gets more crazy is if the hedge fund manager is a US citizen but hasn’t lived in the US for decades. The USG still requires he pays taxes, even though he isn’t using any services. That’s because taxes aren’t a free agreement to purchase services but are rather an exercise of force.
- koolba 4y ago> The USG still requires he pays taxes, even though he isn’t using any services. That’s because taxes aren’t a free agreement to purchase services but are rather an exercise of force. That and paying for the right to 86 it back to the USA when things get too hot elsewhere. Think of it as an out of the money put option. It’s massively overpriced until it’s not.
- deleted 4y ago[deleted]
- yieldcrv 4y agoDidn't work that well during Covid. US Passport didn't afford much. Temporarily became one of the least useful passports.