A Discussion on the Residence-Based Taxation for Americans Abroad Act

A 2 year window to prove that anyone lives overseas is a joke as the majority of all countries make you a tax resident of their tax system anytime you stay or live in their territories 6 months or at least 180 days. To make a clueless assumption or rule that "2 years" is a good timeframe is a stupid and invalid reason to force anyone to remain liable for taxes, when the land they may now live in already has tax rules that require anyone living there to pay those taxes they own in that territory. If anyone can prove residence, the 6 months or 180 day period, then that should be all anyone should be required to provide and find this 2 year window as a money grab or way to control free people from exiting.

You kind of lost me at "honestly, our chances are pretty slim" of this bill not passing..

Fun you say you don't have a crystal ball. You also mention how congress is ineffective.


It's the form of government it's flawed. Fundamentally democracy is flawed.


The tax prep company's make profit off system because they are the ones running it lobby power is immense.

Seems to be that simply changing to a residency-based tax system would be a whole lot simpler than this convoluted bill. It is iniquitous that US sourced dividends would continue to be double taxed.

Shouldn't Americans abroad be asking their friends and family in the US to contact their representatives as well?

Appreciate the detailed breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?