Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DFW

(59,950 posts)
31. That's a Yin and Yang issue for me
Mon Feb 23, 2026, 11:22 AM
15 hrs ago

When Cheney and Bush wrecked the stock market, and the Dow was at 7800, I converted to a Roth IRA. I paid all taxes due at that point, which under the Roth rules, meant that after that point, if the value of whatever stock I had in there went down, too bad for me (could not deduct any losses), and if the value went up, good for me (no tax on the gain from that point on). I figured that with the Republicans gone, it could only get better, so I made the conversion. Well, we all know what the stock market did since then, but unfortunately, the Double Taxation Treaty between Germany and the USA never covered Roth IRAs, so even though I paid all taxes due back then, now the Germans still want half of any cent that I take out of it, and they don't give a rat's ass that I already paid full taxes on it (while I was still a legal resident of the USA no less!). I will not submit to a double taxation--even the German Constitution forbids double taxation (seems a former German government did that about 90 years ago with a select portion of the population, and they wanted to avoid a repeat). But in true Trump fashion, they don't care about what their Constitution says, they just want to take money and give nothing in return.

Heil Honecker!

I will give it away to Cancer research in the USA before I let some SED-wannabe think he's some reincarnation of Johann Ludwig Graf Schwerin von Krosigk. By the way, I did discuss this with Mark Kelly last Friday, and he said it is probably time to finally do something about the double taxation, or at least introduce a bill bringing the USA in line with the rest of the world, since we are the ONLY country left (besides Eritrea) in the world that does NOT recognize residence-based taxation.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Name something that's going well right now [View all] bucolic_frolic 17 hrs ago OP
What are you seeing Greg_In_SF 17 hrs ago #1
US markets had a pretty rough week. bucolic_frolic 17 hrs ago #4
All three Greg_In_SF 17 hrs ago #9
And yet I'm living paycheck to paycheck ck4829 16 hrs ago #14
Year to date Greg_In_SF 16 hrs ago #15
And if your job is pushing people's stuff out of their homes after eviction or foreclosure, you're probably doing well ck4829 16 hrs ago #16
What does Greg_In_SF 16 hrs ago #17
This is a thread titled "Name something that's going well right now". Things are going well for them, yes? ck4829 16 hrs ago #20
Yes Greg_In_SF 16 hrs ago #24
Numbers that are big right now ck4829 16 hrs ago #26
We all saw Greg_In_SF 13 hrs ago #38
I'm curious.... Happy Hoosier 16 hrs ago #21
Right? And how about shrinkflation, where we're paying the same or more (because of inflation) but getting less? ck4829 16 hrs ago #23
There's a whole book canetoad 12 hrs ago #41
Are you saying Greg_In_SF 16 hrs ago #25
So CNBC is giving us true numbers and our eyes and bank accounts are giving us fake numbers? ck4829 15 hrs ago #30
You Greg_In_SF 15 hrs ago #33
Come on now. Remember: if the govt and media are saying one thing, and your gut, senses, intuition are saying another ck4829 7 hrs ago #42
The rich are richer! That's apparently the only measure that really matters. ck4829 13 hrs ago #39
Trump family offshore bank accounts? C_U_L8R 17 hrs ago #2
There are more billionaires than ever before. sop 17 hrs ago #3
TSF's disapproval rate is climbing. murielm99 17 hrs ago #5
My retirement IRA is doing well. nt doc03 17 hrs ago #6
Yep Greg_In_SF 17 hrs ago #10
Is it really universally great the Dow is up though? I do try to buy stock even though I struggle more now ck4829 4 hrs ago #45
That's a Yin and Yang issue for me DFW 15 hrs ago #31
Were you expecting something different? We have a Republican trifecta, so yes, things are gonna become absolute garbage ck4829 17 hrs ago #7
Time can't be stopped...one day closer to his death... MiHale 17 hrs ago #8
;-{)..... Goonch 17 hrs ago #11
Olympic team doing well Johonny 17 hrs ago #12
I was going to say that Jilly_in_VA 16 hrs ago #18
Trump will turn 80 in June - a fact he can't change dalton99a 16 hrs ago #13
it has to be so hard for filthy rich narcissists Skittles 7 hrs ago #44
If your job is pushing stuff out of homes after evictions or if you repo cars, you're probably doing well right now ck4829 16 hrs ago #19
Nothing can stop the Blue Tsunami this November Fiendish Thingy 16 hrs ago #22
IF the elections are fair and all votes are counted, that is. DFW 15 hrs ago #32
Overseas stock markets are outperforming US market by 15% over Emile 16 hrs ago #27
I can still afford my groceries -- if I shop at Costco and Aldi. Intractable 16 hrs ago #28
Alyssa Liu, the Men's and Women's hockey teams. Like that. MineralMan 15 hrs ago #29
Just scored tickets, great seat near the front for multigraincracker 15 hrs ago #34
Strictly local - Our stunningly beautiful seal-point Siamese little girl recovered uneventfully... 3catwoman3 14 hrs ago #35
Well, on a personal level, my muffin top is finally disappearing. CrispyQ 14 hrs ago #36
Time to think about what you do want. Blue Full Moon 14 hrs ago #37
Dems are posting bullshit about Gavin Newsom in search of a "scandal" maxrandb 12 hrs ago #40
The destruction of American democracy misanthrope 7 hrs ago #43
Latest Discussions»General Discussion»Name something that's goi...»Reply #31