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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (107954)	6/10/2007 1:03:41 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

I don't really know how the tax laws works. I assume that she would want to be treated as if she was a citizen of another country that held investments in the US and/or made income here once she renounced her citizenship. The law must somehow require higher taxes paid to the US if you are a former citizen relative to the typical foreigner. I believe at one point some rich people were becoming citizens of one of the tax haven islands in order to avoid US taxation. That's probably why the law is in place. Perhaps the rule should be that if you renounce your citizenship, your tax liability should reflect your new status as a citizen of that country. But then, the US should have a right to determine if you are allowed back into the US and for long. The only problem with that is that you could sneak across the border with any of the other 20 million illegals and they'd never know you were here and would probably give you all kinds of free services.