Comments on: Boris should pay up but not shut up over U.S. tax http://blogs.reuters.com/breakingviews/2014/11/24/boris-should-pay-up-but-not-shut-up-over-u-s-tax/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Alisdair http://blogs.reuters.com/breakingviews/2014/11/24/boris-should-pay-up-but-not-shut-up-over-u-s-tax/comment-page-1/#comment-14332 Tue, 25 Nov 2014 11:46:41 +0000 http://blogs.reuters.com/breakingviews/?p=28479#comment-14332 Rather naïve, campaigning to change anything through the US legislative system is utterly futile.

He may well need to eventually tow the line because of his ambitions but not to protest is to accept a system that is fundamentally wrong.

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By: Neill37 http://blogs.reuters.com/breakingviews/2014/11/24/boris-should-pay-up-but-not-shut-up-over-u-s-tax/comment-page-1/#comment-14320 Mon, 24 Nov 2014 15:30:38 +0000 http://blogs.reuters.com/breakingviews/?p=28479#comment-14320 15%? Doesn’t he have enough income to push him into the 20% capital gains band plus the Medicare surtax courtesy of ObamaCare? That’s 23.8%. Hardly a low tax rate. It’s well know in economics that taxing capital can only work in the short term. Obama ignored that and now doesn’t understand why investment in America is down.
Why should Boris pay 23.8% on the sale of his house when he doesn’t have anything to do with the US? Why as an example of the height of arrogance, should a green card holder with an expired green card have to pay tax to the IRS? Why should a long term green card holder have all the obligations of a citizen with none of the rights?
Ignore the problem while the queues to renounce grow longer and longer. You might get an appointment to renounce in 2016 if your lucky.

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