Robert Wood identifies U.S. citizenship-based taxation as one of "20 really stupid things in the U.S. tax code" http://t.co/nK9NbTWtuk
— U.S. Citizen Abroad (@USCitizenAbroad) December 16, 2014
Yesterday Stephen Kish wrote a post recognizing that Republican Senators have at least identified that citizenship-based taxation exists. Today Robert Wood identifies citizenship-based taxation as one of “20 really stupid things in the U.S. Tax Code”.
Mr. Wood concludes:
Do you have a bad taste in your mouth yet? Remember, this is only a tasting menu. And although some parts of our tax law make sense, many do not or lead to abuses. And all inject a level of complexity that no one would wish upon anyone. We need a better, simpler, fairer and flatter tax system. A flat tax or simple tax might not be perfectly fair, and might not improve everything. But is there any way to go but up?