Senators to Unveil the ‘Ex-Patriot Act’ to Respond to Facebook’s Saverin’s Tax ‘Scheme’
Unless you happen to be rich. In that case, we not only don’t want you to leave, but we are going to impose draconian penalties on you if you attempt to do so. The “why don’t you just move” argument has been used against me multiple times, usually by people who have absolutely no idea that the United States is one of the few countries that continues to tax you even if you live overseas and that the only way to escape the tax burden (and the moral culpability for the actions your taxes pay for) is to renounce your citizenship, a long, burdensome, complicated, and expensive process.
So thankfully, Congress is here to make it longer, more burdensome, more complicated, and more expensive. Odd. For a group of people who seemingly hate the rich so much, why are they so against them leaving?
If Congress was TRULY wanting to prevent expatriation by eliminating tax incentives, they’d lower the taxes. But that’s not what they want. They want to make it clear that we are their property, and that resistance is futile.