Donald Trump Promised to End Double Taxation For Americans Living Abroad
The US ruling class treats its citizens like tax cattle
In a recent statement, former President Donald Trump announced that he will get rid of “double taxation” for millions of Americans living abroad if he wins on November 5, 2024.
“I support ENDING the Double Taxation of overseas Americans! Let’s put America First, together. Register to Vote, and vote Republican to, MAKE AMERICA GREAT AGAIN!” he declared in a statement.
This latest plan is part of Trump’s broader pro-business, low tax agenda. In this case, Trump is catering to a growing American expatriate constituency that has left the country because of its increasing instability.
Jim Gosart, the vice president of Republicans Overseas, an organization that pushes for the end of double taxation, stated American citizens should only pay income tax in the countries where they live, work, and make money in.
“Ending the double taxation of overseas Americans, a move that will be life-changing for millions, is a testament to president Trump’s commitment to economic freedom,” he stated.
According to the Department of State’s estimates, there are roughly 9 million Americans living or serving abroad. However, these Americans are still required to pay taxes.
Garrett Watson, senior policy analyst at the Tax Foundation, remarked: “The US taxes citizens without regard to where they live worldwide, which is distinct from most other countries who use residency-based taxation.”
Brandon Mitchener, executive director of Tax Fairness for Americans Abroad, an advocacy organization, stated: “We welcome any political support for bringing the United States into line with the global standard of residence-based taxation.” Michener is based in Brussels, Belgium.
Mitchener observed that there was bipartisan support to change the tax law. This law was initially passed during the American Civil War and had the aim of barring citizens from leaving the country in order to avoid paying for the war effort.
The 2024 presidential election cycle is going to be a dead heat and every vote will count. Trump needs all the support he can get. From a moral standpoint, Americans should not be double taxed should they decide to move abroad. Such type of taxation is theft and will only be used to finance this already corrupt, occupation regime in DC.
Hopefully, this type of taxation along with all other forms of federal taxation get scrapped.