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2 USA is the only industrialized nation to tax overseas income.
3 It is must be unconstitutional to tax overseas American Civilians doubly 4 US unilaterally breaks anti-dual-taxation agreements with other nations. 6 Of course domestic US earnings can be taxed at max. rate - if one has significant overseas income. That is how other nations do it. 7 What happened to King George after the Boston Tea Party? 8 Send in a tea bag with every overseas tax return! 9 We don't want a tax break - We expect a self evident residence based tax. 10 Do bother linking the exemption to inflation - overseas income must be tax free!
12 Double taxation = export tax = US export job killer. 13 Why discourage just the people who could revitalize US exports? 14 Tax - isolationism is not compatible with the globalisation of business.
15 A US passport is not a license to be taxed ! 16 We want Residence Based Taxation not Citizenship Based Taxation.
18 Why do military receive tax free overseas allowances but not civilians? 19 Why are overseas housing, transportation and bonuses taxable income?
20 Domestic legislators and IRS have little or no actual overseas experience. 21 As recently as Jan/1996, advisors wanted Pres Clinton to simply cancel the exemption!
22 US citizens overseas fill out tax forms, yet receive scant attention from Uncle Sam. 24 No one-stop-shopping: IRS does not share data on foreign bank
accounts with Dept of Treasury. A separate report is needed. Paperwork reduction act!!! 25 A typical individual overseas spends 1 week per year on local tax paperwork. After an additional week for US
paperwork he doesn't actually pay any tax due to the exemption. Why all the paperwork then? 26 Imposed in 1962 - Section 911 - a repeal is not in sight!
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