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2024 Presidential Election | ELECTION DAY 2024

  • Thread starter Thread starter nycfan
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Trump Pledges to End ‘Double Taxation’ of Americans Abroad​

The idea is the latest from the GOP nominee that goes beyond extending the 2017 tax law​


“… The U.S. has an unusual system for taxing its citizens on their total income regardless of where they earned it and where they live, making America alone among major countries with such a rule. Other countries use systems that base taxation on where people live. The U.S. policy dates back to the 1860s and the income tax created to finance the Civil War.

…
Essentially, an American living in Paris would have tax obligations to both France and the U.S., though the U.S. tax code already contains features meant to mitigate double taxation. A French citizen residing in New York typically wouldn’t owe France any taxes on U.S. income.

“I support ending the double taxation of overseas Americans,” Trump said in a statement to The Wall Street Journal.

Like his prior campaign ideas to eliminate taxes on tips, Social Security benefits and overtime pay, Trump’s latest tax-policy promise goes beyond extension of his expiring 2017 tax cuts and the ideas he pushed during his first term as president, and it is aimed at a targeted demographic.

A narrow policy shift could eliminate a frustrating and unique burden for Americans abroad, especially those with higher incomes and investments who owe U.S. taxes on their worldwide income on top of taxes they pay where they live. That can be particularly annoying for so-called accidental Americans, who have citizenship because they were born in the U.S. but have few ties to the country. …”

—
So kids of Russian Oligarchs born in the U.S. as a result of citizenship tourism solely to obtain that citizenship wouldn’t be “annoyed” by paying US taxes as the pursue their international oligarch ventures? Cool. OTOH, they could renounce their “accidental” US citizenship if it is so annoying.
 
Calheel said:
So the battle will be between Arab liberals in Michigan and Polish conservatives in Pennsylvania? Who does better with these constituencies?
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Perhaps we can unite them through a shared ancestral fear of invading hordes coming out of the Eurasian steppes?
 
nycfan said:

Trump Pledges to End ‘Double Taxation’ of Americans Abroad​

The idea is the latest from the GOP nominee that goes beyond extending the 2017 tax law​


“… The U.S. has an unusual system for taxing its citizens on their total income regardless of where they earned it and where they live, making America alone among major countries with such a rule. Other countries use systems that base taxation on where people live. The U.S. policy dates back to the 1860s and the income tax created to finance the Civil War.

…
Essentially, an American living in Paris would have tax obligations to both France and the U.S., though the U.S. tax code already contains features meant to mitigate double taxation. A French citizen residing in New York typically wouldn’t owe France any taxes on U.S. income.

“I support ending the double taxation of overseas Americans,” Trump said in a statement to The Wall Street Journal.

Like his prior campaign ideas to eliminate taxes on tips, Social Security benefits and overtime pay, Trump’s latest tax-policy promise goes beyond extension of his expiring 2017 tax cuts and the ideas he pushed during his first term as president, and it is aimed at a targeted demographic.

A narrow policy shift could eliminate a frustrating and unique burden for Americans abroad, especially those with higher incomes and investments who owe U.S. taxes on their worldwide income on top of taxes they pay where they live. That can be particularly annoying for so-called accidental Americans, who have citizenship because they were born in the U.S. but have few ties to the country. …”

—
So kids of Russian Oligarchs born in the U.S. as a result of citizenship tourism solely to obtain that citizenship wouldn’t be “annoyed” by paying US taxes as the pursue their international oligarch ventures? Cool. OTOH, they could renounce their “accidental” US citizenship if it is so annoying.
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lol what constituency is this supposed to appeal to? The big American emigre vote? Do they have internal polling that says there are 100k emigres who vote in Pennsylvania or something?

This seems to me like some bug Musk/Vance/Thiel put in his ear; this is exactly the kind of thing they would care about.
 
altmin said:
www.nytimes.com

Election Live Updates: Harris Is Said to Have Raised $1 Billion Since Entering Race

No candidate has ever raised so much money so fast. And it’s more than former President Donald J. Trump has announced raising in all of 2024.
www.nytimes.com www.nytimes.com

Harris Is Said to Have Raised $1 Billion Since Entering Race​

No candidate has ever raised so much money so fast. And it’s more than former President Donald J. Trump has announced raising in all of 2024.
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Amazing


And also we really have to change this shit to use all of this money for good instead of fucking campaigns
 
Meanwhile, Team Trump is trying to skirt transition policy ...



"Less than a month before Election Day, Donald J. Trump’s campaign has not yet participated in the government’s official presidential transition process, a significant break from past practice that could threaten the seamless transfer of power should the Republican nominee win election.

Mr. Trump’s team has missed two key deadlines to sign agreements with the administration that are set by federal law and has also failed to sign an ethics plan that is required to jump-start the process of planning for a new administration. Mr. Trump’s representatives did attend a meeting at the White House last month, but they otherwise have had little communication with the Biden administration about the handoff and have skipped the opportunity to receive national security briefings.

Mr. Trump’s approach is a clear, although not wholly unexpected, departure from how previous presidential candidates prepared to take control of the vast federal bureaucracy. It appears to be guided, at least in part, by the candidate’s deep suspicion and mistrust of the government he is running to lead.

Experts note Mr. Trump may also have other incentives. His refusal to sign the documents allows him to circumvent fund-raising rules that put limits on private contributions to the transition effort, as well as ethics rules meant to avoid possible conflicts of interest for the incoming administration.

... The transition team for the Democratic nominee, Vice President Kamala Harris, has signed all three documents, according to White House officials. ..."
 
rodoheel said:
lol what constituency is this supposed to appeal to? The big American emigre vote? Do they have internal polling that says there are 100k emigres who vote in Pennsylvania or something?

This seems to me like some bug Musk/Vance/Thiel put in his ear; this is exactly the kind of thing they would care about.
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Well i am convinced. i am all in on Trump now. I am supposed to vote 100% selfishly right?
 
Paine said:
If Pelosi had her way, we would’ve had a disastrous “mini primary” and Gavin Newsom would be the nominee.

Pelosi wants Harris to govern from the center because that’s Pelosi’s politics. Americans aren’t “in the center.” Majorities of Americans believe we should have universal healthcare, a federal price gouging ban, a higher minimum wage, paid family leave.

Telling Harris she needs to govern from the center is Pelosi telling her she needs to continue deference to big business. I think Harris needs to follow the lead of the man who actually ensured she was the nominee: Joe Biden.
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Just out of curiosity, why do you think Pelosi's politics are governing from the center? Just because? Or because, in her ample experience that exceeds almost everyone in America today, governing and campaigning from the center is what has worked?

The problem with "majorities favor a higher minimum wage, etc." is that it doesn't matter. Unless people vote on that basis, which they don't, it's immaterial what they think about that issue. So when a politician says, "I'm for universal healthcare," that statement roughly translates to voters as "I'm really liberal." And then they don't want to vote for that candidate because they are too far left, even when they agree on the issue that sparked the characterization.

We see it on this board. If we take what HY says seriously, for instance, on the issues he's a moderate Dem. But he's also going on about how the Dems are so radical and he can't support them . . . even as he agrees, or says he does, with a lot of those policies.

It's sometimes hard for young educated people to fully understand how Americans vote. They don't vote on issues. They vote on feels. To the extent that issues matter, it's because it helps them define their feels. That's Trump's secret to success. He spouts utter nonsense all the time -- nonsense that has gotten so bad that it's impossible for any reasonable person even to engage with them. No, the 1890s were not the peak of the country's prosperity, and also the tariffs were not beloved. These ideas are just absurd. But they give MAGA great feels.

This is why the right-wing has to pretend that Trump is sent by God. They don't agree with him on any issue, and deep down they know his ideas are fucking idiotic. So they have labored to make him into something he's not, and it's all about the feels.
 
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