Why does this guy insist upon carrying a dual citizenship?
The only answer I can see is tax evasion.
How exactly is he avoiding taxes? Any money that he makes as a US Senator is taxed in the US. Not sure what you are talking about here.
How exactly is he avoiding taxes? Any money that he makes as a US Senator is taxed in the US. Not sure what you are talking about here.
How exactly is he avoiding taxes? Any money that he makes as a US Senator is taxed in the US. Not sure what you are talking about here.
How exactly is he avoiding taxes? Any money that he makes as a US Senator is taxed in the US. Not sure what you are talking about here.
Why the hostility Goose? I asked you in a respectful manner, I'd expect the same.
For your question, I have no idea why he holds dual citizenship, I'm not the one accusing him of something. He could want to enjoy the potential double retirement benefits for all I know.
As for taxes, everything he makes in the US is subjet to US taxes sohaving dual citizenship doesn't take away that obligation. So I ask you, what prompted you to think he could avoid any taxes just by having dual citizenship. If there is some law that allows him to avoid US taxes, I'll gladly say that I was wrong and you were correct.
If I earn any money while working in Mexico and pay my taxes in Mexico on that, I still have to show that on my US taxes and claim the foreign tax exemption. This wouldn't apply to Cruz since he is living and earning money in the US. As a US citizen he has to file US taxes no matter where in the world he lives or earns money. There is no tax evasion going on.
Why the hostility Goose? I asked you in a respectful manner, I'd expect the same.
For your question, I have no idea why he holds dual citizenship, I'm not the one accusing him of something. He could want to enjoy the potential double retirement benefits for all I know.
As for taxes, everything he makes in the US is subjet to US taxes sohaving dual citizenship doesn't take away that obligation. So I ask you, what prompted you to think he could avoid any taxes just by having dual citizenship. If there is some law that allows him to avoid US taxes, I'll gladly say that I was wrong and you were correct.
If I earn any money while working in Mexico and pay my taxes in Mexico on that, I still have to show that on my US taxes and claim the foreign tax exemption. This wouldn't apply to Cruz since he is living and earning money in the US. As a US citizen he has to file US taxes no matter where in the world he lives or earns money. There is no tax evasion going on.
Why the hostility Goose? I asked you in a respectful manner, I'd expect the same.
Why the hostility Goose? I asked you in a respectful manner, I'd expect the same.
He expects to complete the process in 2014.
He expects to complete the process in 2014.
Goose, please explain how it is that you think Cruz is avoiding taxes?
Since Cruz is a US resident according to the IRS rules, he has to file his taxes in the US and not Canada for the money he earns in the US. Dual citizenship doesn not automatically allow him to file taxes in the country that he chooses. He must file in the US since he is a US resident.
Your argument of tax evasion is completely wrong. Case closed.
Goose, please explain how it is that you think Cruz is avoiding taxes?
Since Cruz is a US resident according to the IRS rules, he has to file his taxes in the US and not Canada for the money he earns in the US. Dual citizenship doesn not automatically allow him to file taxes in the country that he chooses. He must file in the US since he is a US resident.
Your argument of tax evasion is completely wrong. Case closed.
Because the one half is American. He was born in Canada when his parents were working there. Still makes him a US citizen and since Canada has the same messed up law as the US regarding citizenship based on where you are born, he was given Canadian citizenship as well.
His parents moved back to the US when he was 3 and there is nothing I could find that even ties him to Canada any longer outside of the citizenship.
Because the one half is American. He was born in Canada when his parents were working there. Still makes him a US citizen and since Canada has the same messed up law as the US regarding citizenship based on where you are born, he was given Canadian citizenship as well.
His parents moved back to the US when he was 3 and there is nothing I could find that even ties him to Canada any longer outside of the citizenship.
If you find something we would all be curious to see it.
My previous post, #17, specifically said US earnings and did not concern off-shore earnings. I was talking about the money Cruz makes in the US has to be filed in the US. He cannot take his US earned income and file in Canada or anywhere else.
There is nothing to indicate that he has off-shore earnings. According to the IRS, anyone with foreign earned income has to list that income on the US return. There are foreign earned income exemptions if taxes are paid in the country where the money is earned. It gets complicated based on where the money was earned as there are tax havens that could shelter those foreign earned money from US taxes.
I personally don't think the US has any right to tax money that someone makes outside the US. If someone makes money in Canada, pay the correct Canada taxes on it, same with Mexico and the Cayman Islands. Any money made in the US is properly subject to US taxes (residency considerations of course).
If you find something we would all be curious to see it.
My previous post, #17, specifically said US earnings and did not concern off-shore earnings. I was talking about the money Cruz makes in the US has to be filed in the US. He cannot take his US earned income and file in Canada or anywhere else.
There is nothing to indicate that he has off-shore earnings. According to the IRS, anyone with foreign earned income has to list that income on the US return. There are foreign earned income exemptions if taxes are paid in the country where the money is earned. It gets complicated based on where the money was earned as there are tax havens that could shelter those foreign earned money from US taxes.
I personally don't think the US has any right to tax money that someone makes outside the US. If someone makes money in Canada, pay the correct Canada taxes on it, same with Mexico and the Cayman Islands. Any money made in the US is properly subject to US taxes (residency considerations of course).
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