CNBC - Biden tells donors he will end most of Trump's tax cuts 'and a lot of you may not like that' (user search)
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  CNBC - Biden tells donors he will end most of Trump's tax cuts 'and a lot of you may not like that' (search mode)
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Author Topic: CNBC - Biden tells donors he will end most of Trump's tax cuts 'and a lot of you may not like that'  (Read 2378 times)
Tintrlvr
Junior Chimp
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Posts: 5,286


« on: July 01, 2020, 10:06:58 AM »

Keep in mind, Taxing the rich more will simply make them want to leave the country.

It's a good thing income is taxed abroad, then.
I didn't know income was taxed abroad. That's fine then.

Only above around $100k and it's easier to find tax avoidance loopholes in a world with a globalised economy but an insufficient regulatory framework to match. However, it is one of the reasons that "They'll move abroad," carries a lot less weight in the US.

Theoretically, they could surrender their US citizenship to avoid US tax. But, yes, most people wouldn't want to do that.
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