A Quote by Emily Mortimer
I was determined not to become an American citizen but I did it for completely cynical reasons: to avoid paying inheritance tax in the U.S.
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Textbooks don't teach people how to avoid paying any income tax. But that's what an army of tax lawyers and corporate tax accountants do.
The other thing that's really important in tax reform is making sure that we don't tax American businesses at much higher tax rates than our foreign competitors tax theirs. It is costing us jobs. It's one of the reasons all these American companies are moving overseas.
Yes, the rich will find ways to avoid paying more taxes, courtesy of clever accountants and tax attorneys. But this has always been the case, regardless of where the tax rate is set.
I could not become an American citizen. I would not like to become a citizen of a country that has capital punishment.
By allowing super wealthy corporations and individuals to avoid paying their fair share of tax, tax havens are denying governments' revenue that could and should be spent on schools, healthcare, and other essential services.
I felt that as an American citizen, as a responsible citizen, I could no longer cooperate in concealing this information from the American public. I did this clearly at my own jeopardy and I am prepared to answer to all the consequences of this decision.
We must end the iniquitous multi-taxing of the same money. It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die.
Why did I become a Canadian citizen? Not because I was rejecting being a U.S. citizen. At the time when I became a Canadian citizen, you couldn't be a dual citizen. Now you can. So I had to be one or the other. But the reason I became a Canadian citizen was because it simply seemed so abnormal to me not to be able to vote.
I have not purposely gone out to try to avoid paying income tax.
I'm not an American citizen, but I live in this country and eventually want to become an American citizen because I love this country so much.
If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.
Those who take their money abroad in an effort to avoid paying American taxes should lose their American citizenship.
The truth is, however rich people get, they hate paying tax. Some live abroad for a year, or years at a time just to avoid it. Bizarre really - desperate economic migrants are driven to leave their homeland because of poverty; tax exiles are driven overseas by their wealth.
I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.
It's really American to avoid paying taxes, legally.
It should be alarming to every tax-paying citizen that the government could turn federal settlement funds into fuel for activist groups that exert power and influence over Washington.
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