Commentary

End the IRS's Worldwide Tax Grab

By Veronique de Rugy
Thursday, December 05 2024

The new year will bring a new administration, and I'll be watching to see if President-elect Donald Trump's team finally puts an end to the worldwide taxation of individual Americans' income. Fixing this is imperative. It would not only be sound fiscal policy but could keep millions of law-abiding Americans living overseas from being treated like financial pariahs. Trump seems to agree. "I support ending the double taxation of overseas Americans," he promised in a campaign statement. This problem is rooted in America's bizarre worldwide tax system. Most people don't realize it, but…

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Notable Quote

"The collapse of the Met Gala's outrageous plan to honor antisemitic fashion designer John Galliano marks an important victory in a major battle. But there is no sign that triumph is at hand in the larger war against the explosion of Jew hatred in America and around the world.On the contrary, the outbreaks are numerous and growing in boldness.One of the lessons of the Galliano affair is that many…[more]

— Michael Goodwin, New York Post

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