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Is a shame this wasn't explored more in the article. The headline would make you think that this is about people leaving to pay less tax. Perhaps a more accura
by ktizo 15y ago
Is a shame this wasn't explored more in the article. The headline would make you think that this is about people leaving to pay less tax.
Perhaps a more accurate title would have been;
"Bureaucratic Paperwork Prompts More Americans to Renounce Citizenship
- basugasubaku 15y agoIt's more like if you live overseas, it's expensive to pay double taxes. So some people are renouncing citizenship partly to pay less tax, not just to avoid paperwork.
- Joakal 15y agoSome people are leaving partly to pay more tax. Sometimes the spiral downwards of paying less tax can be bad for society. eg raises poverty line.
- ktizo 15y agoBut you don't pay double tax on overseas earnings unless the overseas country requires you to pay less tax than in the US as long as you file the tax return, or at least that was what was written in the article as far as I could tell, so the only people paying more are doing so by not filing and being fined.
- deleted 15y ago[deleted]