“What will you tax after all our assets are overseas?”
If an American makes $1 million in China, US federal income tax must be paid on it under existing law.
If an American has $1 million in common stock in a Chinese brokerage account, federal wealth tax would have to be paid on it.
The US isn’t the only nation deeply in debt. It has plenty of company worldwide.
I have stock accounts....and I don't pay anything..until I sell it........
Moron...