News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Not true.
The rich have other ways to avoid paying tax. Hell, arguably the US is a tax haven for the rich, compared to many many countries. IRC Trump paid no tax 10/15 years due to reported losses. I suspect this was plain old tax avoidance. People like Bezos, Musk or Buffet pay almost nothing.
For example, when I worked at a European bank, we would often refuse US citizens anything but the basics. The IRS and US government is notoriously over-zealous and the US is one the few countries which applies double taxation. Many banks therefore avoid American passport holders like the plague. There are stories of people having their bank accounts summararily closed or frozen:
https://www.thelocal.de/20210914/why-are-americans-being-turned-away-from-german-banks
Often these were people who hadn't been in the US since childhood or at all, earned and paid (up to 10x higher) taxes in Europe than they ever would in the US, but still got fucked over by the IRS and a country they would never visit (again). The US is one of the only countries in the world that does double taxation.
These weren't rich people. Almost all of them were middle-class. Plenty were unemployed or earning less than 20k a year.
For middle-class people, it's especially problematic come pension time, when time came for the payout of a European pension plan or the sale of the family home. Stuff they'd already paid tax on to the country they'd lived in most of their lives, but are forced to give America 'its share' despite getting less than nothing in return.
Plenty of them are also unable to vote in the US, because they never had a last residence, voting is a state matter, and it's made needlessly complicated for foreign residents. Taxation without representation.
I'll go with the IRS over you bud...
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
Unless you have more than $2,000,000 in assets or averaged more than $170,000 for five years, you don't pay the tax.
Thereby handily ignoring the rest of my comment, because you'd prefer to think of anyone who wants to renounce citizenship as a rich tax evader, rather than admit that there are plenty of reasons why someone might not want to have American citizenship, because shock horror not everyone wants to be American, live in the US, or loves the US. Especially if they've never lived there or visited.
Imagine having been born in Italy during a long holiday, and for the rest of your life being forced to fill in Italian tax forms, despite working a minimum wage job and having no idea how the Italian system works and barely speaking the language. And when you try to get a loan from a American bank, they say no, because they'd have to file relevant paperwork with the Italian equivalent of the IRS.
In that example it would cost $0 to renounce citizenship...
I don't think repeating it again is going to help you bro, either read the link or just accept you don't get it. I do t need constant updates that you still don't understand
Imagine a scenario where you gained Italian citizenship through an accident of birth. Your parents were on holiday, your mother went into labour a bit earlier than expected.
Is the only reason you wouldn't want to be Italian that you want to avoid paying tax there?
If they wait till after they make six figures and get taxed...
Yeah, that's a safe assumption. If it wasn't taxes, they'd have done it sooner, it's not like people jump straight into six figures buddy
The Guardian:
...
...
https://www.theguardian.com/us-news/2021/dec/31/americans-seeking-renounce-citizenship-stuck
Your article is talking about specific delays during COVID because stuff was shut down because of COVID...
Which, since you didn't know, fucked up a lot of shit.
If that COVID denying trump supporter would have done it at some point of the decade abroad before a worldwide pandemic, it would have been easy. Everyone is that article is talking about how COVID affected it, not how it normally is.
And I linked you the IRS website talking about how wealthy you need to be for you to pay it...
I honestly don't know how you're not getting this...
It can't be that I'm not explaining it well enough, because the link isn't making sense to you either
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
I'm sorry, I can't help you. Try someone else.
But here's the fun part, you still have to file a tax return every year! Even if you're well under the threshold! And trying to find someone living abroad who is versed in American expatriate tax law is expensive! And I can't afford it!!
I am hiding from the IRS and have been for 16+ years.