Mastodawn

Jennifer Taub Nov 13, 2022

Them: But if we actually tax billionaires fairly, they will leave America.

Me: And your point is?

stux⚡️Nov 13, 2022

@jentaub They won't! 😉

We had a similar issue here in the Netherlands where big corps got tax breaks in the fear they where gonna leave if we taxed them full (like me) but in a reply they all said they won't leave lol..

It''s an excuse, nothing more

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Jennifer Taub Nov 13, 2022

@stux plus in the U.S. unlike other nations, our income tax obligation is linked to our citizenship. And denouncing U.S. citizenship requires payment of an exit fee based on worldwide assets.

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Michele

Nov 13, 2022

@jentaub @stux You don’t have to be a U.S. citizen to pay taxes. My former husband had a green card, was employed, and was required to pay federal taxes, Medicare and Social Security. In order to get anything back out of SS and Medicare, he had to become a citizen, which he did.

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ej 🇨🇦

@Michele @jentaub @stux This is true that US citizens aren't the only ones who have to pay income taxes to the IRS, but US citizens are taxed on worldwide income. We don't have to pay if we earn less than around $100,000/yr, but we need to file no matter where in the world we earn income.