As markets melt down, Trump touts $5m gold card for wealthy immigrants
www.independent.co.uk
‘For $5 million, this could be yours,’ Trump says of card available to wealthy immigrants to buy a right to live and work in the U.S.
  • bennel@lemmy.worldEnglish
    29·
    9 hours ago

    This is probably why he wants it:

    Unlike American citizens, gold card holders will not have to pay taxes to the U.S. government on their overseas income.

    Not sure if that applies to us citizens with gold cards though.

    • Quetzalcutlass@lemmy.worldEnglish
      1·
      1 hour ago

      There’s no way that doesn’t apply to him in his own mind. The US is one of only a few countries that double-tax foreign income and the super-wealthy with multinational holdings hate it. $5m to eliminate entire categories of tax? I could see him going through this whole thing just for that single rider.

      Though there are also several foreign nationals in his orbit who would greatly benefit from such a program as well…