Figaro
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- Jul 23, 2014
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Significant numbers of people are continuing to renounce their U.S. citizenship or end their long-term U.S. residency.
There are 776 names on the Treasury Department list published Friday for the third quarter of 2014
Unlike other developed nations, the U.S. taxes citizens on income they earn anywhere in the world. The rule dates to the Civil War. U.S. tax liabilities can also cover children born to Americans abroad, extending the reach of the Internal Revenue Service across generations as well as oceans. There are only partial offsets for double taxation for people who owe taxes both to the U.S. and a foreign country, and the reporting rules are onerous, experts say.
No other country taxes children who may never have been in their parent's home country. They are infected with citizenship through their parents. This is insanity
There are 776 names on the Treasury Department list published Friday for the third quarter of 2014
Unlike other developed nations, the U.S. taxes citizens on income they earn anywhere in the world. The rule dates to the Civil War. U.S. tax liabilities can also cover children born to Americans abroad, extending the reach of the Internal Revenue Service across generations as well as oceans. There are only partial offsets for double taxation for people who owe taxes both to the U.S. and a foreign country, and the reporting rules are onerous, experts say.
No other country taxes children who may never have been in their parent's home country. They are infected with citizenship through their parents. This is insanity