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by fallingknife 414 days ago
Rich expats who hold visas and reside in a foreign country but don't pay taxes to that foreign country on their assets held back home is actually a very common thing around the world. This is encouraged because having rich people show up in your country and spend a lot of money is actually quite beneficial.

The outlier here is actually the US law that citizens pay taxes on income from outside the country. We are virtually the only country that does this. So in that sense I will agree with you that the unequal treatment is unfair, but it is the treatment of US citizens that is out of the ordinary, not the treatment of the Trump visa holders.

1 comments

Having those visa rules in place would smooth a path to reforming the taxation of citizens.