Jennifer TaubNov 13, 2022

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

Me: And your point is?

Show threadstux⚡️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

Show threadJennifer TaubNov 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.
Show threadMichele 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.
Show threadJennifer TaubNov 13, 2022

@Michele @stux

Yes. I know that you have to pay income tax if you were living in the United States even if you are not a citizen. What I’m saying is that unlike most other countries, were residency is the trigger, in the US you cannot escape paying income tax simply because you move abroad.

Show threadLawrence
@jentaub @Michele @stux ^^this has always seemed crazy to me.
Nov 13, 2022 at 9:24pmWeb