Comment on Trump administration to slash fee to renounce US citizenship from $2,350 to $450

favoredponcho@lemmy.zip ⁨1⁩ ⁨month⁩ ago

• NateNate60@lemmy.world ⁨1⁩ ⁨month⁩ 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.

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  • LordMayor@piefed.social ⁨1⁩ ⁨month⁩ 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.

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    • JamesTBagg@lemmy.world ⁨1⁩ ⁨month⁩ ago

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

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    • Tollana1234567@lemmy.today ⁨1⁩ ⁨month⁩ 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.

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  • ishartdoritos@lemmy.zip ⁨1⁩ ⁨month⁩ ago

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

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