Time for the tree of liberty to be watered.
And who gave us this? Dodd-Frank if I am not mistaken. Who held out for 2 weeks before he ok'd the bill in the Senate? Scott Brown former Senator of MA, home of many "Investment" type companies what was he holding out for, if anything of course...
The store manager told me that the reason that most shoes are made offshore and not in America has little to do with the wage differential. It is the EPA, which so over-regulates the manufacturing process with restrictions on glues, etc. and chemicals used in the leather making process that it forces companies overseas.
It's not that the American worker is non-competitive, quite the contrary, it's the regulatory mechanism that the D.C. bureaucrats have imposed on us so they can cash in, at our expense, on their bloated pension and gummit benefits.
Canada has universal taxation, too, when its residents are living abroad.
What if you’re being paid by the foreign government while living in their country; or does it mean if you’re being paid by an American company and working overseas for them you pay taxes to the US? It could also be a double whammy where you pay taxes to both countries.
Eritrea... isn't that somewhere near Kenya? /S
The US is keeping bad company here with it's policy of taxing worldwide income. All justified in the name of fairness.
If legislatures spent as much time trying to control spending as they did trying to find ways to tax people, we’d be in a lot better shape.
The tax required for a non-existent program is zero.
Retiring in the US is going to continue to be an option for fewer and fewer people as time goes on, so I expect more people to take their assets and flee to greener pastures.
This is not such a big problem as WaPo would have you believe. It is mostly “anchor babies” who have never lived in the U.S., don’t care about the U.S., and don’t want to be bothered with U.S. tax laws.