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
But that's true of pretty much every other country in the world as well. So it still doesn't explain why the US is the only one that charges tax on foreign-earned income.
On the wealthy...
You keep omitting that point, and it's starting to get old.
But the reason is idealistic.
America was supposed to be the land of immigrants where anyone can immigrate, work hard, and earn wealth.
That system doesn't work if once you amass your wealth, you fuck off somewhere else and take it all with you. The reasoning is you were able to amass that wealth through America's social ladder.
If the wealthy (the only ones that pay foreign income tax or exit taxes) don't want to pay that, they know that being honest will never result in change.
If how I'm saying it doesn't make sense, use the IRS website I've provided numerous times.
You keep calling these people "wealthy" but the income levels you shared don't even come close to matching that. Also lol at the idea of America being an idealistic place so that's why people should pay this tax. My fucking ass. America is and always has been rigged for rich people, which should immediately tell you why this law still exists.
How about we actually tax real wealthy people, like millionaires loaning money to themselves, instead of forcing the middle class to pick up the slack yet again?
You cannot expect people to use the irs.gov website. That’s not open to the public. It’s exclusive. Try going there over tor - you will get a 403. Indeed it’s shitty that access to legal information is restricted. It should be open to all.
Because you're American and should pay taxes no matter if you're in Antarctica or not. If you're in a different country and not participating in America's system, then why are you claiming to still be an American citizen? The answer is to renounce at that point. The right winger "taxes against rich are bad" are starting to come out in this thread lol.
Why is America the only country that has this perspective (Eritrea excepted)? Is literally every single other country besides an African dictatorship simply delusional, and only America and Eritrea found the divine wisdom that all global income should be taxed?
The United States is one of the few countries that has a system of taxing its citizens and residents on their worldwide income, including income earned abroad. This practice is known as "citizenship-based taxation." There are a few reasons why the U.S. follows this approach:
2. Desire to Prevent Tax Evasion: Citizenship-based taxation is intended to prevent U.S. citizens and residents from avoiding taxes by moving their assets or income abroad. Without it, individuals might seek tax havens to reduce their tax liability.
Complex Tax Code: The U.S. tax code is complex, and changing to a different system, such as residence-based taxation (taxing only income earned within the country), would require a significant overhaul of tax laws.
Revenue Generation: Taxing foreign income allows the U.S. government to generate revenue from its citizens and residents, regardless of where they earn their income.
It's worth noting that while the U.S. taxes its citizens and residents on foreign income, there are mechanisms in place, such as the Foreign Earned Income Exclusion and foreign tax credits, to mitigate double taxation and reduce the tax burden on income earned in other countries. However, compliance with U.S. tax laws related to foreign income can be complex and may require professional assistance for those living abroad.
That's not a reason on why we shouldn't have a wealth tax... You're just blindly insulting America without reason, which this site is already a xenophobic circlejerk.
Why are you talking about wealth taxes when they have nothing to do with the question I asked?
Again, why is America the only major country that has this policy? Either answer this, or don't respond.
Because this is a form of wealth tax. That's not even a question you're asking. Fuck out of here with that aggressive debate lord shit.
The topic was on taxing foreign income. To quote the relevant bit from above:
Though I agree that if you aren't capable of even following the topic at hand, it's best that I just save my breath here.
If you think it's that easy to renounce American citizenship, you have no idea what you're talking about.
I fully support taxing the rich. I am very explicitly NOT rich. And I cannot come close to being able to afford to renounce my American citizenship.