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A 40% "exit tax" on the net worth above $50 million of any U.S. citizen who renounces their citizenship in order to escape paying their fair share in taxes
Wouldn't that just mean entrepreneurs renouncing their citizenship and moving abroad to start up their tech companies before they even became rich.
Also the wealthy would be put off investing in the US or even living there, and no wealthy foreign individual would want to seek US citizenship in such circumstances.
The tax would also have a disproportionate effect on areas of the US where living is most costly and where you have to be wealthy in order to afford property such as parts of the Bay Area and NYC.
These proposals would also see a boom in global tax havens and secret bank accounts, something the US has been trying to stop.
It also should be noted that a lot of US tech companies and digital service providers pay very little tax, and the same is true of big multi-national companies, who can simply move their Headquarters or move money internationally, and who owe no allegiance to the US. Indeed many have foreign shareholders and can be floated on foreign stock exchanges if they so wish, or can break up in to foreign owned subsidiaries.
The US has also been very clear that it doesn't want other countries imposing digital service taxes.
Last edited by Brave New World; 03-03-2021 at 03:42 AM..
Yes, you can. You signed the loan contract/s. You're legally obligated to make loan payments to pay back your debt.
You're responsible for your own actions: taking out tens of thousands of dollars in student loan debt to earn your degree. No getting around that.
That doesn't work for me. It's like taking a shower and getting out before I washed my whole self.
So only I am? In the same sense that someone who was roofied consented to having sex..actually they probably have more responsibility than I did (although I probably cannot say I've never been drunk and likely never will be)
A 40% "exit tax" on the net worth above $50 million of any U.S. citizen who renounces their citizenship in order to escape paying their fair share in taxes
Jeff Bezos again one step ahead of you....
Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.
That doesn't work for me. It's like taking a shower and getting out before I washed my whole self.
You should have thought about that before you signed the loan contract/s.
Quote:
So only I am? In the same sense that someone who was roofied consented to having sex..actually they probably have more responsibility than I did (although I probably cannot say I've never been drunk and likely never will be)
Yes, only you are responsible, unless you had a cosigner on your loan/s. Did you have a cosigner?
You should have thought about that before you signed the loan contract/s.
Yes, only you are responsible, unless you had a cosigner on your loan/s. Did you have a cosigner?
My mom probably was. I don't remember now. It's been so long and the PTSD is probably affecting my short term memory but she has done a lot of things for me.
They NEVER learn. They tried a "luxury" tax, claiming how much MORE money the fed would bring in.
Instead it COST the fed BILLIONS as the people who normally bought "luxury" items STOPPED BUYING, putting THOUSANDS out of work in the RV, boating and airplane business's. Manufacturers of these items went OUT OF BUSINESS due to LACK of sales.
"When you do the same thing over and over, do NOT expect a DIFFERENT outcome"
People who have never run a successful business, THINK they have all the answers when they don't know enough to ask the RIGHT QUESTIONS!!
My mom probably was. I don't remember now. It's been so long but she has done a lot of things for me.
If she cosigned your loan/s and you're not making payments, that'll screw her, as well. So you're not only f-ing up your own credit, you're f-ing up hers, too.
Could be why you can't get hired... If you have a bad credit rating from not paying your student loans (yes, companies check prospects' credit scores to gauge their reliability), most employers will pass on you. You won't be offered a job.
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