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re: Gold Card immigrants won't have to pay income tax to the USA on their income earned abroad
Posted on 2/27/25 at 11:40 pm to BigBro
Posted on 2/27/25 at 11:40 pm to BigBro
quote:Because that's the current set up for American citizens. Why should they be privileged really to the rest of us?
If the US doesn't abolish the income tax, why should they pay income tax to the US for income earned abroad?
0
Posted on 2/27/25 at 11:40 pm to BigBro
quote:The "plan" explicitly states the opposite.
If you choose to become a US Citizen.. then all income earned abroad would be subject to US income tax.
Posted on 2/27/25 at 11:41 pm to BBONDS25
quote:Excellent ad hom. Now try numbers and facts and get back to us.
Simpleton mindset. Think real hard.
Posted on 2/27/25 at 11:42 pm to SDVTiger
quote:
Well then change the rules.
Your response to someone complaining about taxes in the US is "change the rules"? As if taxes aren't the number one complaint on this board.Posted on 2/27/25 at 11:43 pm to BBONDS25
quote:Maybe. There's certainly no requirement of such.
They are moving here to open businesses and access our population
Posted on 2/27/25 at 11:43 pm to rmc
quote:Chinx?
Dude. Chinamen is not the preferred nomenclature.
Posted on 2/27/25 at 11:47 pm to BigBro
quote:Are you asking why they would have to pay BACK taxes? Nobody said they should.
why in the frick do you think he should pay the US Income Taxes for the income he has earned across the globe for the last 30 years?
quote:You're clearly unacquainted with the current laws. In the German example, I think the foreign exclusion limit is only like $125K.
If Stud Studdington was a US Citizen, then he would pay US Taxes and he wouldn't pay taxes to Germany any longer.
Posted on 2/27/25 at 11:49 pm to Adajax
quote:No "issue" - I'm just saying it would barely make a dent in the debt. If it takes 6 months to even possibly put the program in place, the debt would already have gone up by at least another trillion probably
How much are they paying into the U.S. treasury if they stay in China? Zero. So they pay $5M to continue to pay zero. What's the issue?
The original number Trump gave was "10 million paying $5 million" = $50T. That would be great and all, but it's a preposterous projection. Like I said - 200K if we're lucky.
Posted on 2/28/25 at 12:05 am to Stud Studdington
quote:
So, how do you feel about this ?
About them not getting double taxed? I feel fine with it.
This post was edited on 2/28/25 at 12:11 am
Posted on 2/28/25 at 2:38 am to greygoose
quote:
Are those people putting a lot more than $5 million in to the US economy? It appears that you have limited reasoning skills. A waiter or janitor with a green card contributes. A multi-millionaire willing to put up $5 Million, is about to drop a lot more than the initial sum just for access. That person is vetted, most likely a successful business person, and wants access to our market. They want to expand. $5 million is subjective. It would make a huge difference in my life, but to some, it's like going to the drive thru at Burger King. Those people are looking to expand their business, and willing to drop major cash. That means job creation and tax revenue. These are the people we want, not Raul, the border jumper lookting to cut grass, or Akbar who is fleeing frickustan because he got caught fricking his neighbors favorite goat. I almost forgot about the wonderful people who came here legally to learn how to fly planes. Hmmmm....I'm a little bit older, but I do seem to remember a few building coming down and thousands of American dying in horror.
What drugs are you on?
All I said is just because you pay for your green card doesn’t mean you shouldn’t pay your taxes like everyone else, which shouldn’t be a controversial viewpoint. That has nothing to do with your nonsensical rant.
This post was edited on 2/28/25 at 2:42 am
Posted on 2/28/25 at 3:15 am to aero1126
quote:
All I said is just because you pay for your green card doesn’t mean you shouldn’t pay your taxes like everyone else, which shouldn’t be a controversial viewpoint. That has nothing to do with your nonsensical rant.
That would just keep more investments money out of the USA. First, fewer people would even buy a gold card. Second, those who did buy a gold card would just leave earnings in their corporate cofffers rather than Take distributions and spend /invest in the USA. Remember in the first term trump gave a significant tax holiday on repatriated funds? Money poured in from the likes of Apple et Al
This isn’t hard . Are you a tax accountant looking to drum up business a?
Posted on 2/28/25 at 5:17 am to Stud Studdington
quote:
So, how do you feel about this ?
We get zero tax on money that is made abroad and kept over seas now, right?
Posted on 2/28/25 at 6:17 am to Big Scrub TX
quote:I have a feeling these people will figure out a way for all of their income (including US income) to pass thru their overseas business entities. Call me a pessimist if you so feel.
On foreign income. They most certainly WILL have to pay on American-earned income.
Posted on 2/28/25 at 6:28 am to Stud Studdington
quote:
Gold Card immigrants won't have to pay income tax to the USA on their income earned abroad
Ok but what about all the expats who still have to pay US taxes on their money made abroad? And the ones who renounced their citizenship strictly to avoid the foreign tax BS, will they have an easy road to getting that citizenship back?
Posted on 2/28/25 at 7:13 am to Stud Studdington
quote:
The point is that they will live in the USA and never pay a dime in income tax.
That’s possible, but it’s likely that they, and their progeny, will start, or buy, businesses in the USA and pay income taxes. And currently we’re getting to income taxes from them, so income taxes should not even be part of the equation. They’ll pay a lot of property and sales taxes I’ll bet.
Posted on 2/28/25 at 7:25 am to Stud Studdington
quote:
So, how do you feel about this ?
Who gives a f. US Citizens can avoid paying taxes on foreign earned income if they spend less than 30? days in the US in a calendar year, people in my family have been doing it for decades. I also didn't pay US income tax when I was seconded to Benelux for months, because the company I worked for paid Belgian taxes, and I got a credit for those against my US tax liability that I would have personally owed.
Stop looking for excuses to feed the leviathan. The less of anyone's money that the government gets, the better. Besides, it's not like there aren't 2,000 ways from Sunday around paying US income taxes through foreign corporations where you park profits (Apple, Facebook, Microsoft, Ford, etc. do this all the time.)
Posted on 2/28/25 at 7:47 am to Big Scrub TX
quote:
Excellent ad hom. Now try numbers and facts and get back to us.
Which facts? Specifically? I’m down to discuss anything tax with you. What are you wondering about?
Posted on 2/28/25 at 8:35 am to BBONDS25
Loading Twitter/X Embed...
If tweet fails to load, click here. so it will take 8 of those gold card each week to cover these payments to the taliban.
Posted on 2/28/25 at 8:53 am to SaintsTiger
quote:Exactly! Incentives offered to achieve a goal, is sound business. That concept is lost on most.
That would just keep more investments money out of the USA. First, fewer people would even buy a gold card. Second, those who did buy a gold card would just leave earnings in their corporate cofffers rather than Take distributions and spend /invest in the USA. Remember in the first term trump gave a significant tax holiday on repatriated funds? Money poured in from the likes of Apple et Al
This isn’t hard . Are you a tax accountant looking to drum up business a?
Posted on 2/28/25 at 10:49 am to SaintsTiger
quote:
That would just keep more investments money out of the USA. First, fewer people would even buy a gold card. Second, those who did buy a gold card would just leave earnings in their corporate cofffers rather than Take distributions and spend /invest in the USA. Remember in the first term trump gave a significant tax holiday on repatriated funds? Money poured in from the likes of Apple et Al
Then it’s obvious US millionaires/billionaires should renounce their citizenship and then apply for the gold card. Pay chump change (for them) in gold card fees to avoid a much larger tax liability.
This plan on no taxes if you get a gold card is retarded and you guys simply don’t want to admit it.
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