Posted on 05/19/2018 8:32:28 PM PDT by SeekAndFind
Thanks. Perhaps she will do, which seems to me appropriate.
(This was always a sticking-point in my girlish fantasies of marrying a foreign Prince Charming: I assumed I would have to give up my American citizenship - and didn’t think I could ever do that ;-)
I spent a year working as an expat with 99% of my income from offshore. The offshore taxes by the country I was residing in were themselves greater than what I would be burdened with with the same income in the USA. However, at face value, the USA taxes layered on top of the offshore tax liability actually exceeded the total gross income. So, I'm supposed to work at a loss?
Some assumptions on what is applicable taxable income or not and deductible items eligible or not got me to a plausible and defensible position on taxes so I could have a few $$$ for myself out of the deal. USA tax law sucks and the expat extension of this is worse. Bottom line on this is that expat taxable issues are a setup for the IRS to play hell with a person if they decide it would be fun.
Since he’s sixth in line to the throne, the blood of his heirs won’t make any difference, barring a catastrophe in which William and his children all die at once.
I can’t imagine giving up my citizenship. Years ago, when the U.K. and Canada were still God fearing countries, it might not have seemed such a tragedy, but can you imagine being under the socialist thumb of their government, now? As bad a shape as we are in now, we’re STILL the greatest country on the face of the earth, and giving up the freedoms and sacred foundations we have, would be unthinkable. But she won’t have to; the rich have special rights. (Even with that, we’re STILL the greatest!)
My understanding is that she’s becoming a British citizen. I think that solves the IRS problem.
Funny practice there. To think of it reminds me oddly of the Eastern Bloc.
The Brita already have a tax agency every bit as evil as the IRS. I’m sure the lawyers and solicitors for the two already have this in hand and dont need advice from blog pimps.
Holy eff, I would. Nothing like the IRS and state taxation departments to ruin everyones fun.
Irony.
Americans broke away due to excessive taxation. And without representation.
The Brit’s will now taste it in return done 250 years later in one big karma turnaround.
Is there a bigger IRS felon/criminal than Koskinen?
If her name is on any property that they own ( that just doesn’t mean land ), then upon it’s sale, she would have to pay capital gains tax to the IRS.
Did you see how much Harry’s wedding cost? the last I read was 32 million pounds!
I couldn’t blame her, married into foreign wealth as her romance led her.
If she wanted to stay American, it would be a major tax hassle. Can she deduct what she pays in British taxes?
Becoming British and giving up American citizenship.
And then she still pays the taxman, but it’s only the British one.
My take is that she will pay her taxes in sorts of fines that will be funneled by the Obama DOJ to community organizing groups.
That they had a bunch of Chicago ganstas singing “stand by me” should be the clue of how the communist gold digging fix is in.
How many decades (millenia ?) must pass before we never have to hear about Meghan Markle again ?
What is the problem. She files married/seperately. She does not work. She has no income. All the income is from Harry. No tax burder there.
I’m sure they sorted this out well before the wedding, or the wedding would not have happened.
Meghan owes taxes to Canada because she worked on “Suits” in Toronto for several years.
She’s not a Canadian national but her income in Canada is taxable, so she owes taxes both to Ontario province and Ottawa so that’s a combined provincial and federal tax burden.
And there are American taxes, too. Not to worry, her family’s tax preparers will take care of all that and at $5 million worth, she doesn’t exactly have to apply for welfare any time soon.
Your story sounds unusual. I was in a similar situation, and the taxes I paid in the foreign country were credited against my U.S. tax liability. I still had to file a U.S. tax return, but I owed $0 because the amount of taxes I paid in the foreign country exceeded what I owed in the U.S.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.