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Reply #10: Fankly, compared to other developed countries, I'm undertaxed. [View All]

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MrModerate Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-11-09 01:15 AM
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10. Fankly, compared to other developed countries, I'm undertaxed.
And unfortunately (and I'm sure every taxpayer feels this to one extent or another), they spend my money on things of which I don't approve way too often. However, given the benefit that universal healthcare would deliver to the country as a whole, I'd be happy to pay more for it.

OTOH, I'd appreciate it if I didn't have to pay US income taxes on income I earn in other countries (I'm usually taxed by the foreign country, too). Most developed countries don't tax expatriate income, and the practic impedes American competitiveness overseas. There is an exemption, but it hardly covers the whole bite. US-based corporations manage to avoid paying taxes on what they earn overseas, I'm not sure why I shouldn't get the same treatment.
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