In follow-up to our earlier post, SEAT members John Richardson, Karen Alpert and Laura Snyder discuss H.R. 6057 in this podcast:
The podcast examines the groups affected (or not) by this bill as follows:
The Good: Those with income of below $108.000 who are NOT the owners of CFCs.
The Bad: Those with incomes in excess of $108,000 who are NOT the owners of CFCs.
The Ugly: Entrepreneurs abroad who own CFCs.
We are of the view that should the Beyer Bill become law, the primary effect would be to divide Americans abroad even more.
We firmly believe that pure residence-based taxation is the ONLY solution that solves the problem for ALL people ALL the time! No one should be left out.
One thought on “The Good, the Bad and the Ugly (The Beyer Bill, part 2)”
I agree with you completely. Resident based taxation is the only way. Thank you for all your hard work.