White House will take a financial loss to make it easier for Americans to walk away from citizenship starting in April
  • NateNate60@lemmy.worldEnglish
    63·
    2 months ago

    It’s not. The US taxes its citizens based on income earned worldwide. This prevents wealthy citizens from continuing to enjoy the benefits of US citizenship and use a US passport while also using tax schemes to pretend all their income was earned in foreign tax havens and not subject to income tax.

    • LordMayor@piefed.socialEnglish
      23·
      2 months ago

      To people that wealthy, $2350 would be nothing. No rich person is keeping their US citizenship because of that fee. And, they’re avoiding taxes just fine as US citizens.

      More likely, they want to make it easy for liberals to flee hoping it will help secure a majority for them.

      • JamesTBagg@lemmy.worldEnglish
        2·
        2 months ago

        That’s how I took it. Underlined by the reminder in the last paragraph that Trump is trying to end birthright citizenship.

      • Tollana1234567@lemmy.todayEnglish
        1·
        2 months ago

        thats what i think, they are short-sighted since liberal areas financially support the welfare queens. republicans are just too spread out in rural areas to make up the difference in the end.

        also that plan would take years if not decades if democrat every emigrate to other countries. republicans party/influence would be long dead by then.

    • ishartdoritos@lemmy.zipEnglish
      41·
      2 months ago

      And as with everything US this fucks regular expats and the rich don’t give a shit because they’re already “not earning anything”.