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(Daily Star)   Best Korea launches crowdfunding initiative to pay for, well... everything (possible nsfw content on page)   (dailystar.co.uk) divider line
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2742 clicks; posted to Main » on 27 Oct 2020 at 6:05 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-10-27 6:16:45 PM  
8 votes:

AnEasyTarget: Why didn't DJT think of this first?


The U.S already requires expats to file U.S taxes.
 
2020-10-27 6:13:55 PM  
4 votes:
Well there goes the tree bark I was saving for dinner.
 
2020-10-27 7:17:38 PM  
3 votes:
FTA:
"Failure to pay the new tax will entail the loss of their work permit and forced to return home to North Korea."

That's probably the most effective threat they can make.  "Pay us or else you go back to our shiathole country."
Watch how fast those wallets open.  Also observe as this "loyalty fund" becomes an annual affair.
 
2020-10-27 7:14:25 PM  
3 votes:

AnEasyTarget: Why didn't DJT think of this first?



American citizens abroad have had to pay U.S. income taxes for decades now.  Up until recently we were the only country that required tribute for the privilege of being an American abroad.

Best Korea is merely following our lead.
 
2020-10-27 7:06:24 PM  
3 votes:
Why do so-called-progressives around the world always see taxing the poor as a fix for everything?
 
2020-10-27 6:23:38 PM  
3 votes:
God, that sounds like something Trump would do, a Trump Loyalty Tax.
 
2020-10-27 7:14:55 PM  
2 votes:

Sean VasDeferens: Why do so-called-progressives around the world always see taxing the poor as a fix for everything?


Yeah! Kim Jong-un is a progressive! Bzzzzt zap zap does not compute.
 
2020-10-27 6:29:50 PM  
2 votes:

Nonrepeating Rotating Binary: Considering that is probably more than 10% of their annual pay in China...

I wonder how many will decide to instead spend that money seeking a path to South Korea.


I thought NK took all their pay.  That the companies actually paid the NK government not the "employee".  That was the basis of the sanction to end them home.
 
2020-10-27 8:07:32 PM  
1 vote:

Mock26: RTOGUY: AnEasyTarget: Why didn't DJT think of this first?

The U.S already requires expats to file U.S taxes.

I thought that was only if you earned over a certain amount (I believe it is around $100,000)? Plus a lot of expats get a lot of exceptions, such as being able to deduct the cost of your rent and utilities from your base salary.


You are right the exemption is the first $105k; plus you can deduct any tax paid to foreign governments.

Many countries have a similar arrangement. My joke was that Kim wants the money to directly to him.
 
2020-10-27 6:50:58 PM  
1 vote:
DJT would say that US citizens earning over $400K would be exempt.
 
2020-10-27 6:19:05 PM  
1 vote:
Considering that is probably more than 10% of their annual pay in China...

I wonder how many will decide to instead spend that money seeking a path to South Korea.
 
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