Most of us will never be directly impacted by the international provisions of the internal revenue code.
That’s bad news because it presumably means we don’t have a lot of money, but it’s good news because IRS policies regarding “foreign-source income” are a poisonous combination of complexity, harshness, and bullying
(which is why only taxpayers with lots of money can afford the lawyers and accountants needed to navigate this awful part of the internal revenue code).
But the bullying and the burdens aren’t being imposed solely on Americans. The internal revenue code is uniquely unilateral and imperialistic, so we simultaneously hurt U.S. taxpayers and cause discord with other jurisdictions.
Here are some very wise words from a Washington Postcolumn by Professor Andrés Martinez of Arizona State University.
Much of his article focuses on the inversion issue, but I’ve already covered that topic many times. What caught my attention…
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Utopia, you are standing in it! 
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