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You seem unaware of the population of accidental Americans. When a Dutch couple gives birth on US soil before returning to Europe, that child automatically a birthright citizen of the US. They can grow up having never set foot in the US (apart from birth), and for the rest of their life they have a legal obligation to file US tax and declare to the US all their Dutch income & bank accounts even if they are below that $120,000 line. They also get targeted for discrimination along with all other Americans by banks who don’t accept Americans (even if they are also Dutch). They have to pay an accountant upwards of $300/year just to file that zero.
So obviously a lot of accidental Americans have become motivated to renounce. But if they already own a home, you can see the problem. I would not say owning a home makes someone “rich”. They still need to work to eat and to maintain the home.
This is the absolute least important problem with American taxes, there’s a thousand other things we’re trying to fix.
Stop pretending like the bottom of “the top 10% wealthiest Americans” need help. We’ve got fucking children starving and not even getting a free school lunch. Excuse us for not having sympathy for everyone making between 120k and 120 million a year.
I’m just blocking all of you at this point, so do t expect another reply
You seem unaware of the population of accidental Americans. When a Dutch couple gives birth on US soil before returning to Europe, that child automatically a birthright citizen of the US. They can grow up having never set foot in the US (apart from birth), and for the rest of their life they have a legal obligation to file US tax and declare to the US all their Dutch income & bank accounts even if they are below that $120,000 line. They also get targeted for discrimination along with all other Americans by banks who don’t accept Americans (even if they are also Dutch). They have to pay an accountant upwards of $300/year just to file that zero.
So obviously a lot of accidental Americans have become motivated to renounce. But if they already own a home, you can see the problem. I would not say owning a home makes someone “rich”. They still need to work to eat and to maintain the home.
This is the absolute least important problem with American taxes, there’s a thousand other things we’re trying to fix.
Stop pretending like the bottom of “the top 10% wealthiest Americans” need help. We’ve got fucking children starving and not even getting a free school lunch. Excuse us for not having sympathy for everyone making between 120k and 120 million a year.
I’m just blocking all of you at this point, so do t expect another reply