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New Jersey

Hestia

(3,818 posts)

5. When that gets to be a problem, really high earners park their money in tax havens and don't pay

Reply to Cicada (Reply #4)

Sun Dec 3, 2017, 01:44 PM

Dec 2017

a dime of taxes. THAT's what we need to phase out. You have a US passport, you pay taxes; you are an American corporation/LLC/Hedge Fund/Private Equity Fund and operate within the US, you pay taxes.

Banking system can keep track of all this and automatically tax the funds leaving the country. No write off or deduction, tax at full rate until they actually file a tax return to get some of it back. If they can seize average joe's and jane's funds, they can do deadbeat billionaires too.

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Murphy: New Jersey Could Sue to Stop GOP Tax Overhaul. [View all] elleng Dec 2017 OP

A class action lawsuit should be filed, too rocktivity Dec 2017 #1

Sue the pants of the republican TreasonWeasel 1% Greedheads Achilleaze Dec 2017 #2

Is there legal precedent for such a tactic? guillaumeb Dec 2017 #3

Deduction phased out with high income for many years Cicada Dec 2017 #4

When that gets to be a problem, really high earners park their money in tax havens and don't pay Hestia Dec 2017 #5

Legally US citizens taxed on all income anywhere Cicada Dec 2017 #6