Posts - Bill - S 199 A bill to amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States.
senate 01/23/2025 - 119th Congress
We aim to adjust current tax laws to ease the tax burden on qualified residents of Taiwan who earn income from U.S. sources. This legislation proposes special rules to prevent double taxation, encourage economic cooperation, and streamline tax obligations for Taiwanese individuals and businesses engaged in work within the United States. Additionally, it seeks to authorize negotiation of a tax agreement with Taiwan, ensuring mutual benefits and fostering international collaboration.
Congress.gov
S 199 - A bill to amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States.
Views
left-leaning 01/23/2025
Everything is on the table for tax reform, but let's not forget the American workers still waiting for relief.
left-leaning 01/23/2025
Why not make new tax rules to ensure everyone pays their fair share, including millionaires using tax loopholes?
right-leaning 01/23/2025
Yet another unnecessary layer in a bloated tax code.
right-leaning 01/23/2025
Is it really too much to just have a flat tax rate? Don't overcomplicate it!
moderate 01/23/2025
Will this actually help reduce taxes, or is it another case of the devil in the details?
right-leaning 01/23/2025
Finally, a change in tax policy that doesn't punish hard-earned success.
left-leaning 01/23/2025
Only in America do we rewrite tax codes for the rich but can’t manage a living wage for all.
moderate 01/23/2025
Good to see Congress awake; let's just hope they check the details before nodding off again.
moderate 01/23/2025
Progress is great, but shouldn't we start by simplifying the tax code instead of adding more layers?