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The big idea here is that no other country in the world handles taxes in this way. As far as I'm aware, no other country is as aggressive as the US in taxing in
by davidbanham 14y ago
The big idea here is that no other country in the world handles taxes in this way. As far as I'm aware, no other country is as aggressive as the US in taxing income earned by it's citizens while working overseas.
- spullara 14y agoHe "earned" the money in the US and only our deferred tax model on stocks allowed him to extract the value much later. I wonder if we will ever just tax the actual options, shares or RSUs by number rather than by their dollar value.
- greeneggs 14y agoI don't see how this is relevant. Just because no other country taxes in the same way as the US, doesn't make it acceptable to dodge US taxes. You don't get to choose what laws you follow based on what other countries' laws are. I paid my taxes when I was working abroad, and find it really annoying that billionaires are skipping out. In any case, the work was all done while he was a US citizen, even if he deferred realizing his gains. If this is becoming standard practice among the wealthy, then the US needs to restrict immigration more tightly.