 Quote:
|
Originally Posted by bosco
I think it's a bad deal that just got worse.
|
I'm with bosco and mikew. For a middle-class family working and saving for retirement outside the US, under the old rules one could just about make the holding of a US passport tax-neutral if one was careful, at the cost of more complex tax returns. Now Congress has just created a flat-out penalty for retaining US citizenship. What is the message they are trying to send with this?
Quote:
|
The US is the only country I know of that taxes you on just because you are a citizen (I heard there was one other, like Somalia or something)....
|
The ones I have heard of are the Philipines and Eritrea. But don't have hard references for that.
Bpp
|