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Thread: Trump Vows to End Double Taxation for Overseas Americans

  1. #1

    Trump Vows to End Double Taxation for Overseas Americans

    Former President Donald Trump said he would put an end to double taxation on U.S. citizens who live outside the country, if elected in November, with the promise marking the Republican presidential nominee’s latest campaign pledge to lower taxes on Americans.

    U.S. law requires Americans to file tax returns every year, even if they live and work abroad. It also requires them to potentially pay taxes to the IRS on their worldwide income in addition to any taxes they may have to pay in their country of residence, which is known as double taxation.

    While there are accommodations such as the Foreign Earned Income Exclusion (FEIE) and the Foreign Tax Credit (FTC) to mitigate double taxation, such arrangements reduce U.S. tax liability but may not eliminate it.

    Trump is now promising to eliminate the complexity of navigating U.S. tax obligations abroad by putting an end to double taxation for Americans overseas “once and for all,” he said in an Oct. 10 video statement.

    “You’ve been wanting this for years, and nobody has listened to you, and you deserve it, and I’m going to do it,” Trump said. “It’s the right thing to do, and no American leader has ever been willing to stand up and commit to you the way that I have on many things, but this is a very important element for your safety, security, and, frankly, for your wallet.”

    More at: https://www.theepochtimes.com/us/tru...ricans-5739885
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  3. #2
    Gee, what a tremendous relief this will be for all working class Americans.

  4. #3
    He's telling them exactly how he's going to $#@! them over and they'll applaud him for it.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  5. #4
    Quote Originally Posted by acptulsa View Post
    Gee, what a tremendous relief this will be for all working class Americans.
    For those few Americans who work and/or live overseas, or desire to, this is absolutely huge. It opens up the possibility to work in Dubai for example and pay virtually no taxes, which is not possible today as an American.

    And while you may say, accurately, that this doesn't help 99.9% of the rest of Americans, I think it just means that Trump deserves even more credit for pushing this forward. Never in my life would I have thought this policy may be reversed, for the exact reason that only 0.1% of Americans even care about it. Who's gonna protect the interests of the 0.1% minority? Trump, apparently.

    So yea, this is actually huge and if he manages to follow through on this promise (an equally huge IF), it will make his entire Presidency worth it.
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his

  6. #5
    Bizarre fringe BS.

    How about slashing IRS funding by half.

    To start.

  7. #6
    Quote Originally Posted by unknown View Post
    Bizarre fringe BS.

    How about slashing IRS funding by half.

    To start.
    What's bizarre is the American policy of taxing its citizens overseas. Only 1 other country does that.. Eritrea

    I'm glad Trump actually cares about my freedom, since apparently u don't
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his

  8. #7
    And this half-a-fruit Vance, with his child tax credit BS.

    That's all the "Right" can offer, some tinkering around the edges.

    Work in a meaningful way to get rid of these Gestapo type thugs.

    Or atleast severely limit or cripple them.

  9. #8
    This should be the default of any/all true conservatives.

    I'll take it. But I'm certainly not going to vote for him and his little bones in exchange for his other idiotic "bait and switch" agendas. This is how they Pied-Piper people into giving consent to all of the other harmful policies that they want to implement.
    ____________


    Mises Institute

    An Agorist Primer ~ Samuel Edward Konkin III (free PDF download)

    The End of All Evil ~ Jeremy Locke (free PDF download)



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  11. #9
    Quote Originally Posted by TheTexan View Post
    For those few Americans who work and/or live overseas, or desire to, this is absolutely huge. It opens up the possibility to work in Dubai for example and pay virtually no taxes, which is not possible today as an American.

    And while you may say, accurately, that this doesn't help 99.9% of the rest of Americans, I think it just means that Trump deserves even more credit for pushing this forward. Never in my life would I have thought this policy may be reversed, for the exact reason that only 0.1% of Americans even care about it. Who's gonna protect the interests of the 0.1% minority? Trump, apparently.

    So yea, this is actually huge and if he manages to follow through on this promise (an equally huge IF), it will make his entire Presidency worth it.
    Passport bros for Trump?




    Another reason why some black men are going for Trump or at least sitting this election out.
    9/11 Thermate experiments

    Winston Churchhill on why the U.S. should have stayed OUT of World War I

    "I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"

    "We as a country have lost faith and confidence in freedom." -- Ron Paul

    "It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
    Quote Originally Posted by Brian4Liberty View Post
    The road to hell is paved with good intentions. No need to make it a superhighway.
    Quote Originally Posted by osan View Post
    The only way I see Trump as likely to affect any real change would be through martial law, and that has zero chances of success without strong buy-in by the JCS at the very minimum.

  12. #10
    Quote Originally Posted by PAF View Post
    This should be the default of any/all true conservatives.
    Hard disagree, and I'm more than willing to explain.


    Quote Originally Posted by PAF View Post
    I'll take it. But I'm certainly not going to vote for him and his little bones in exchange for his other idiotic "bait and switch" agendas. This is how they Pied-Piper people into giving consent to all of the other harmful policies that they want to implement.
    This is part of the bait and switch.

    The actual purpose is to construct another massive loophole in the tax code for the wealthy and well-connected, while simultaneously he works to increase rates on the taxes that average people pay.

    And Trumpkins will line up to thank him for $#@!ing them over.
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  13. #11
    Quote Originally Posted by acptulsa View Post
    Gee, what a tremendous relief this will be for all working class Americans.
    He has plenty of plans to help Americans at home with lower taxes too.

    Your attempt to criticize this is funny.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  14. #12
    Quote Originally Posted by TheCount View Post
    Hard disagree, and I'm more than willing to explain.




    This is part of the bait and switch.

    The actual purpose is to construct another massive loophole in the tax code for the wealthy and well-connected, while simultaneously he works to increase rates on the taxes that average people pay.

    And Trumpkins will line up to thank him for $#@!ing them over.
    I take it you've never heard of the "passport bros" movement? These men aren't wealthy, but their 70K a year remote IT job goes a long way in the Phillipines.
    9/11 Thermate experiments

    Winston Churchhill on why the U.S. should have stayed OUT of World War I

    "I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"

    "We as a country have lost faith and confidence in freedom." -- Ron Paul

    "It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
    Quote Originally Posted by Brian4Liberty View Post
    The road to hell is paved with good intentions. No need to make it a superhighway.
    Quote Originally Posted by osan View Post
    The only way I see Trump as likely to affect any real change would be through martial law, and that has zero chances of success without strong buy-in by the JCS at the very minimum.

  15. #13
    Quote Originally Posted by jmdrake View Post
    I take it you've never heard of the "passport bros" movement? These men aren't wealthy, but their 70K a year remote IT job goes a long way in the Phillipines.
    What does that have to do with what Trump is actually doing and why he's doing it?
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  16. #14
    Sweet!

    Another stimulus for dual-passported Izraelis courtesy of we the people.

    Keep knobing that Yiddish schlong, Donald.

  17. #15
    Quote Originally Posted by sparebulb View Post
    Sweet!

    Another stimulus for dual-passported Izraelis courtesy of we the people.

    Keep knobing that Yiddish schlong, Donald.
    Trump spends money. RPF: Trump is bad!

    Trump vows to end a tax. RPF: Trump is bad!

    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his

  18. #16
    Quote Originally Posted by TheTexan View Post
    Trump spends money. RPF: Trump is bad!

    Trump vows to end a tax. RPF: Trump is bad!

    Win-Win!

    Actually, Win-Win-Win, including Izraelis, the bestest of 'murikans!

    I'm back on the Trump Train!



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  20. #17
    Quote Originally Posted by sparebulb View Post
    Win-Win!

    Actually, Win-Win-Win, including Izraelis, the bestest of 'murikans!

    I'm back on the Trump Train!
    There ya go! Vote hard
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his

  21. #18
    Quote Originally Posted by TheTexan View Post
    What's bizarre is the American policy of taxing its citizens overseas. Only 1 other country does that.. Eritrea

    I'm glad Trump actually cares about my freedom, since apparently u don't
    I find it amusing people would actually send it in. Really ? Im sure Id forget
    Do something Danke

  22. #19
    Quote Originally Posted by oyarde View Post
    I find it amusing people would actually send it in. Really ? Im sure Id forget
    Could get away with that in years past. In today's integrated banking system? Fat chance.
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his

  23. #20
    Quote Originally Posted by TheCount View Post
    What does that have to do with what Trump is actually doing and why he's doing it?
    There are Americans who aren't rich who are making a better life for themselves overseas.
    9/11 Thermate experiments

    Winston Churchhill on why the U.S. should have stayed OUT of World War I

    "I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"

    "We as a country have lost faith and confidence in freedom." -- Ron Paul

    "It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
    Quote Originally Posted by Brian4Liberty View Post
    The road to hell is paved with good intentions. No need to make it a superhighway.
    Quote Originally Posted by osan View Post
    The only way I see Trump as likely to affect any real change would be through martial law, and that has zero chances of success without strong buy-in by the JCS at the very minimum.

  24. #21
    Quote Originally Posted by jmdrake View Post
    There are Americans who aren't rich who are making a better life for themselves overseas.
    Cool?
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.

  25. #22
    Quote Originally Posted by TheCount View Post
    Cool?
    So some of them aren't rich but could take advantage of ending double taxation.
    9/11 Thermate experiments

    Winston Churchhill on why the U.S. should have stayed OUT of World War I

    "I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"

    "We as a country have lost faith and confidence in freedom." -- Ron Paul

    "It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
    Quote Originally Posted by Brian4Liberty View Post
    The road to hell is paved with good intentions. No need to make it a superhighway.
    Quote Originally Posted by osan View Post
    The only way I see Trump as likely to affect any real change would be through martial law, and that has zero chances of success without strong buy-in by the JCS at the very minimum.

  26. #23
    Quote Originally Posted by jmdrake View Post
    There are Americans who aren't rich who are making a better life for themselves overseas.
    More tan people may tink
    Do something Danke

  27. #24
    Quote Originally Posted by jmdrake View Post
    So some of them aren't rich but could take advantage of ending double taxation.
    Yes?

    This is very much the exception that proves the rule, don't you think? It's so ridiculous that it only reinforces my point. No one would possibly think that passport bros had somehow convinced Trump that he needs to revise the tax code.

    Again:
    Quote Originally Posted by TheCount View Post
    What does that have to do with what Trump is actually doing and why he's doing it?
    Quote Originally Posted by Swordsmyth View Post
    Pinochet is the model
    Quote Originally Posted by Swordsmyth View Post
    Liberty preserving authoritarianism.
    Quote Originally Posted by Swordsmyth View Post
    Enforced internal open borders was one of the worst elements of the Constitution.



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