Stop Coddling the Super-Rich

[Ail]

HappySqurriel said:

Ail said:

except you missed my latest edit where I added something in bold.

Here's the official text from the federal site about citizenship :

P.L. 104-191 contains changes in the taxation of U.S. citizens who renounce or otherwise lose U.S. citizenship. In general, any person who lost U.S. citizenship within 10 years immediately preceding the close of the taxable year, whose principle purpose in losing citizenship was to avoid taxation, will be subject to continued taxation.

 

The determinging factor to determine if you are trying to avoid taxation being whether you make over 100k/year or have a net worth of over 500k..

So nope, you will not evade ;)

I don't have to evade, I'm a Canadian and pay lower taxes than my equivalent American ...

I do find it interesting though, that progressives in the United States always call for Americans to follow Canada's example; but are completely unwilling to follow Canada's taxation or budgetary policies.

so why did you waste one hour of my time arguing that higher taxes would lead to people leaving the country if you do not even live in the US ?

Canada has a VAT, nuff said, did you include that when you computed lower taxation ?

And finally the kicker is that Canada has higher capital gains taxes than the US for the affluents which makes it a big no-no for rich people.( 21.5% for the top bracket..).  My bad this is actually not correct, right now the capital gain taxes are equivallent..

And federal taxes may be equivallent to the US on income but state taxes are higher in Canada...

 

So just maybe the reason those people do not call to follow Canada taxation is because it is, well HIGHER.....