Exhibit A: "Standing up for the inherent dignity of everyone is a core American value, and Democrats are proud to do that every day."
Exhibit B: "Democrats win elections when we show we understand the painful economic realities facing American families and convince voters we will deliver meaningful change."
"The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com" @SEATNow_org should write @NYTimes describing @citizenshiptax and #FATCA!
Of course the attempt to educate Congress on the effects of @citizenshiptax and #FATCA has been going on for years and years and years. Historical artifacts include: box.com/citizenshiptax… (would be great stuff for any @NYTimes reporter.
Should the income tax be a "class tax" or a "mass tax"? - "Not Enough Americans Pay Income Tax. Should They?" via @YouTube
Apparently approximately 50% of US residents pay no income tax. Is this an argument for ending the income tax and moving to something more akin to a "mass tax" like @FairTaxOfficial?
Interesting discussion that suggests that taxation is an issue of "citizenship". What if you have a majority not paying income tax but voting how tax revenues are spent?
Senators @RonWyden and Rob Portman propose legislation that (among other things) suspends the exchange of #FATCA information (which the US doesn't provide anyway) with Russia. finance.senate.gov/imo/media/doc/…
An interesting example of the US tax code being used as a method of @Sanctionslaw. With respect to US taxpayers subject to taxation by Russia: 1. No FTCs allowed 2. If not a CFC, income subject to tax by Russia is deemed to be CFC/Subpart F income - ensuring tax at high US rate.
Proposed legislation also includes a laundry list of specific denials of tax benefits to specific individuals. In all cases - specific provision intended to tax treaties.
The Play: "Act 1 - To have UK @taxresidency (allowing her to be a treaty nonresident for US tax purposes and avoid US tax on non-US source income). Act 2 - To not be UK domiciliary (non-dom status allows for the avoidance of UK tax on non-UK income)." theguardian.com/politics/2022/…
.@TaxResidency is often confusing and often has a huge impact on ones life. In simple terms, you are a #taxresident of a country which has the right to impose the full force of its tax rules on you. This is different from HOW and on WHAT sources of income tax residents are taxed.
What income is subject to taxation: Terms like "worldwide taxation" (wherever the income is earned) and "territorial taxation" (income earned only in the country) describe HOW and ON WHAT income #taxresidents are taxed. These terms do NOT describe @TaxResidency (who is taxed).
Let's start with the "self evident truth" that US citizenship - conferred mostly by birth and the US constitution - has attributes making it superior to other citizenships. What are those attributes? What obligations/rights do they imply? Voting? Taxation? Military service? ???
Recent discussions have identified voting and taxation as inseparably linked with US citizenship. Many have suggested that voting, taxation and the rights and obligations of citizenship are somehow linked. Is this true? Was it ever true? What is the source of a right/obligation?
A constitutional right is different from a right created by statute. A constitutional right exists to put the right beyond the reach of governments. In other words, the right exists, no matter what the gov of the day says. Statutory rights: created by and can be changed by gov.
"To Whom much has been given, much is expected." Perhaps exceptional citizenship implies exceptional obligations. But, what is it about US citizenship that makes it so exceptional?
Apparently 50% of US residents do not actually pay US federal taxes. Nobody suggests they are "tax cheats". But aren't the non-payers then "citizenship cheats"? Clearly they are availing themselves of the benefits of US citizenship for free (aren't they)?