Yes. Because clearly the problem here is our Terribly Unfair Taxes On The Rich--NOT the offshore bullshit that's been allowed to go on for years and years. Calling a bunch of wealthy entitlement whores on their nonsense is, surprisingly enough, not the wrong thing to do. And attempting to surrender your citizenship in order to avoid the law is.
I fail to see why one could not be prosecuted for prior tax offenses regardless of current citizenship. I don't care where your citizenship lies now; if you've cheated on your taxes since 1990, you still owe that money.
Then again, I don't think "inquiries" about changes in citizenship indicate anything other than someone at the Wealth Bulletin was bored and needed a topic. And isn't very good at picking a relevant one. I imagine once the reality of how difficult it is to obtain citizenship in these other countries sets in, combined with how much higher the tax rates are in many instances, they'll shut their mouths and pay their lawyers to do what they do best: lie some more.
The point is not what to do with expatriates. The problem is that when you target them with higher taxes, they'll do whatever they can to escape that taxation. For example:
Maryland couldn't balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O'Malley, a dedicated class warrior, declared that these richest 0.3% of filers were "willing and able to pay their fair share." The Baltimore Sun predicted the rich would "grin and bear it
( ... )
I've heard that the ideal fiscal situation is to be a citizen of one country resident in a second with all your money in banks in a third country. I wonder if that is true?
Probably would be able to cut back if we didn't have so much deadwood to support...go back to the old Biblical standard if you don't work, you don't eat?
there's plenty of funding, it is just rather poorly spent.
Good, now all we have to do is write in a requirement that you be a US citizen to own more than X in the states and we can keep the fuckers out of hair altogether.
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I fail to see why one could not be prosecuted for prior tax offenses regardless of current citizenship. I don't care where your citizenship lies now; if you've cheated on your taxes since 1990, you still owe that money.
Then again, I don't think "inquiries" about changes in citizenship indicate anything other than someone at the Wealth Bulletin was bored and needed a topic. And isn't very good at picking a relevant one. I imagine once the reality of how difficult it is to obtain citizenship in these other countries sets in, combined with how much higher the tax rates are in many instances, they'll shut their mouths and pay their lawyers to do what they do best: lie some more.
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http://online.wsj.com/article/SB124329282377252471.html
Maryland couldn't balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O'Malley, a dedicated class warrior, declared that these richest 0.3% of filers were "willing and able to pay their fair share." The Baltimore Sun predicted the rich would "grin and bear it ( ... )
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and don't come back.
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there's plenty of funding, it is just rather poorly spent.
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