Honestly the “Gold Card” doesn’t worry me too much - the US has had investor visas for a long time.
The related “Platinum Card” on the other hand makes me absolutely livid. It means that for $5 million, there’s a status available that is arguably better than US citizenship, granting 270 days of presence in the U.S., and exemption from US taxation. I am a U.S. citizen who spends <30 days per year in the U.S., and I can’t even open an ISA in the UK where I live due to the US’s global tax rules, let alone anything more complex. To have citizenship based taxation and then grant a special status to foreign wealthy individuals is a slap in the face of decency.
270 days in the U.S. is also long enough to become tax non-resident in whatever country you’re spending the other 90 days in, making it likely that you’d be tax resident nowhere.
The related “Platinum Card” on the other hand makes me absolutely livid. It means that for $5 million, there’s a status available that is arguably better than US citizenship, granting 270 days of presence in the U.S., and exemption from US taxation. I am a U.S. citizen who spends <30 days per year in the U.S., and I can’t even open an ISA in the UK where I live due to the US’s global tax rules, let alone anything more complex. To have citizenship based taxation and then grant a special status to foreign wealthy individuals is a slap in the face of decency.
270 days in the U.S. is also long enough to become tax non-resident in whatever country you’re spending the other 90 days in, making it likely that you’d be tax resident nowhere.