'Gold Card' Would Offer Tax Benefit Unavailable to Americans

Monday, March 03, 2025

The $5 million "Green Card plus," as Trump and his Commerce Secretary Howard Lutnick touted in the Oval Office last week, would allow holders to avoid paying U.S. tax on their overseas income -- an option not currently open to citizens or immigrants in the country.

Posted by qcp at 08:33 PM | 5 COMMENTS | permalink | Comment on This Entry |

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The "gold card" President Trump has described would be a new visa granting lawful permanent resident status in the US and a pathway to citizenship. But a president alone can't create a pathway to citizenship: cnn.it/4koXFfm

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-- CNN (@cnn.com) March 2, 2025 at 6:33 AM

Comments

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Let me guess, trump keeps the 5 mil. for himself.

#1 | Posted by bat4255 at 2025-03-04 07:06 AM | Reply | Newsworthy 2

Bets that when (if) stats are released on who buys these, it's largely shady Russians?

#2 | Posted by jpw at 2025-03-04 08:51 AM | Reply | Newsworthy 4

@#2 ... Bets that when (if) stats are released on who buys these, it's largely shady Russians? ...

That's my guess.

#3 | Posted by LampLighter at 2025-03-04 08:11 PM | Reply

"would allow holders to avoid paying U.S. tax on their overseas income"

Huh? WTF?!? For some...buying the card would be CHEAPER than paying taxes.

And (no doubt) Trump's "math" (such as it isn't) didn't account for the lost tax revenue.

#4 | Posted by Danforth at 2025-03-04 08:38 PM | Reply

Trump is in the pockets of the Russian Oligarchs. So, Vlad's pockets since he got so proficient at using windows to message to them.

They've been laundering money through his real estate for decades.... a lot of it here in Fl.

#5 | Posted by Corky at 2025-03-04 08:42 PM | Reply