Article is correct.
I suspect when it all settles down, Megyn will have to renounce her American Citizenship just to avoid being overtaxed. A lot of Americans will say they don’t like or understand how someone could ever do that, but I do.
She will be financially secure for the rest of her life, even if the marriage doesn’t last that long. She may as well try to keep most of it. This is a common concern and dilemma of Americans living abroad.
All of the inbred monarchy articles and focus is unAmerican. Yes, let the IRS tax them, all their many billions of dollars. Go for it.
Her husband’s grandmother is the richest person on the planet with estimates going up to $30 trillion dollars, so I doubt that she’ll be on the roadside begging anytime soon.
She’ll renounce her citizenship. End of story
The Royals will likely be granted “an exception”.
I remember years ago, Rush stating that in IRS legislation, there are names of specific wealthy people who have their names written into the law that they are exempted. At the time, I was amazed at hearing this but now wouldn’t doubt it.
It gets even more complicated if she has a railroad pension.
At least she won’t be abusing the Earned Income Credit.
Repeal of FATCA should be a top Administration priority. That it is not indicates that the GOP as a whole has been infiltrated by statists who are dead set on keeping American citizens as tax slaves. Rand Paul is the only member I have heard even bring up the importance of reforming this ghastly Obama-era overreach.
Incredible....we started a war with George III over the Stamp Act and Townsend Act only to create an even more tangled trap of taxation.
John Adams and Patrick Henry should disown us.
Maybe she could slip through the Al Sharpton loophole, just don’t pay.
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.
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.
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.
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!
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.