I would allow them to move to avoid paying less, but put a 15 year time limit on moving back.
If you move back before, you pay the original tax?
The same for corporations who move to the lowest taxed country.
Apple wants to pay Irish tax rates, then pack up CEO, CFO, and all employees in management positions and move to Ireland and Zoom. Your troops can stay here.
(Your first few big pay days should be exempt from all taxes though, especially if you can prove your were poor, or middle class in the previous 10 years? I’ve never felt it was fair for a guy whom got lucky in business, or life, having to pay a big tax; especially if they were scraping by in previous years. Am I saying the poor unemployed guy who one the lottery shouldn’t have to pay any tax on that first lottery win in life, or business—-yes. Our social safety net is so terrible here, it can’t be an excuse to tax new found wealth. America does not help out it’s poor well enough to tax those first few big pay days.)
If you move back before, you pay the original tax?
The same for corporations who move to the lowest taxed country.
Apple wants to pay Irish tax rates, then pack up CEO, CFO, and all employees in management positions and move to Ireland and Zoom. Your troops can stay here.
(Your first few big pay days should be exempt from all taxes though, especially if you can prove your were poor, or middle class in the previous 10 years? I’ve never felt it was fair for a guy whom got lucky in business, or life, having to pay a big tax; especially if they were scraping by in previous years. Am I saying the poor unemployed guy who one the lottery shouldn’t have to pay any tax on that first lottery win in life, or business—-yes. Our social safety net is so terrible here, it can’t be an excuse to tax new found wealth. America does not help out it’s poor well enough to tax those first few big pay days.)