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> the fact that citizenship makes you liable for US tax regardless of residence and income origin Without which, evasion becomes trivial for the wealthy. You
by brownbat 13y ago
> the fact that citizenship makes you liable for US tax regardless of residence and income origin
Without which, evasion becomes trivial for the wealthy.
You can offset taxes paid in foreign jurisdictions through a deduction or credit. You just can't set up a mailing address in a no tax jurisdiction to launder your earnings.