One wee problem with that idea, especially considering this is a forum devoted to Singaporean topics. From November 1, 2015, Singapore adopted "CBT" in the form of its compulsory MediShield Life premiums, otherwise known as taxes. Those taxes apply to all Singapore citizens and permanent residents no matter where they live except for those with the lowest incomes and wealth. Moreover, the U.S. requires tax from only about 6% of overseas Americans; for Singapore it's more like 90%.GSM8 wrote:Or the US can move to residence based taxation (RBT) like the rest of the world..
If they're the government's compulsory bills, they're taxes. Even the U.S. Supreme Court figured that out recently.sundaymorningstaple wrote:Why do you keep calling insurance premiums taxes?
OK. I'll send my levy in with my IRS Form 1040.I'd call it a levy before I would call it a tax.
I have no affiliation with any government.It almost sounds like you are defending CBT. You are working for the US government here are you?
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