Tax History: Why U.S. Pursues Citizens Overseas
20th May 2012
The U.S. is the only country that taxes its citizens on their world-wide income, no matter where they live.
OK, there’s also Eritrea. It imposes what is derisively termed a “diaspora tax” on its citizens.
Otherwise, though, the basic rule is that countries impose their taxes on individuals based on their residency, not their citizenship.
Hey, nobody has statist class warriors to match ours. Chuckie Schumer alone could destroy the economies of half the members of the U.N.