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A comment on Sweeping Reform Would Tax Capital Gains Like Ordinary Income. Parent comment

Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by microcolonel on Sunday April 07, 2019 @12:18PM (#19597766)
They'll put their money in New Zealand or Canada or Taiwan, maybe. I know I wouldn't stand for this personally.
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Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by jdavis703 on Sunday April 07, 2019 @05:57PM (#19600181)
In the U.S. you’re required to pay taxes on income made both domestically and internationally. Failure to declare those earnings outside the U.S. would probably be tax fraud.
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Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by microcolonel on Monday April 08, 2019 @07:57PM (#19610350)
> In the U.S. you’re required to pay taxes on income made both domestically and internationally.

As a dual filer, I know this is not true. As a U.S. citizen, you are required to file taxes on all income, foreign source or U.S. source, but you are not required to pay taxes on all of it. And why remain a U.S. citizen anyway if you can't afford it?

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