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Andre Falksmen
Nomad Capitalist
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Comments by "Andre Falksmen" (@andrefalksmen1264) on "Seven Dumb New Taxes to Avoid with Dual Citizenship" video.
Ironically, it's a leftist caucus, specifically Congressman Gregory Meeks, who have been the only voices to support the abolition of citizenship based taxation for Americans. Moreover, it was the Congressional Black Caucus, Congressman Charlie Rangel aside, who have guarded the Virgin Islands 1917 protection to collect its own taxes and offer a 90% tax credit for its residents on federal income tax.
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Those property taxes will get you, I try to tell the "moving to Texas" crowd ahead of time, but they don't want to hear it.
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Well Google does not pay 0% tax, it pays 15.8% in US taxes, note that 56% of their income is from foreign sources. As for Netflix , it has not even turned a profit yet and is rapidly burning cash, it is part of the Silicon Valley bubble. This idea that there are massive Corporation property and paying zero tax is largely a myth of the popular left this imagination.
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