\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Will the IRS tax Pope Leo now that he is a sovereign?

I don't think the taxmos who drafted the IRS Code contemplat...
Pale Library
  05/09/25
...
Pale Library
  05/09/25
Safe to assume he gives up US citizenship and is treated acc...
bespoke persian step-uncle's house
  05/09/25
US passport gives you visa-free access to an additional 27 c...
buck-toothed big tank multi-billionaire
  05/09/25
if u renounce dont u have to pay some exit tax and shit, wil...
Laughsome Kitty
  05/10/25
if he didn't renounce US citizenship, and the church didn't ...
Crystalline wild police squad
  05/09/25
Pope apparently makes 300000k euros BUT since he took or...
well-lubricated provocative mad-dog skullcap
  05/09/25
Declining pay is taxable constructive comp
ocher diverse stock car temple
  05/09/25
is there a loophole if he adopts Filipino citizenship?
Balding Aphrodisiac Chapel
  05/09/25
that’s a spicy FBAR
Startled tanning salon
  05/09/25
The US system of worldwide taxation is retarded, part the bi...
yapping background story theater
  05/09/25
...
Rusted theater stage jap
  05/09/25
...
Pale Library
  05/09/25
they shld at least exempt investmetn income, a legit foreign...
Laughsome Kitty
  05/10/25
Why don't you just renounce your US citizenship? Not like yo...
yapping background story theater
  05/10/25
when i use the passport im using it faggot, they need to hav...
Laughsome Kitty
  05/10/25
Imagine being stranded in a true shithole like Papua because...
appetizing talking box office gunner
  05/10/25
You don't have a second citizenship in Turdistan by now? Oka...
yapping background story theater
  05/10/25
Uncle Sam is going to get .4% of all of the Catholic Church'...
Pale Library
  05/09/25
While Penguin Island made the Trump tariff list, the Vatican...
Balding Aphrodisiac Chapel
  05/10/25
I suspect if he forfeited every asset he has ever had it wou...
Doobsian galvanic cumskin alpha
  05/10/25
He has to pay tax on the imputed cost of personally owning t...
Electric Dysfunction Shrine
  05/10/25
Apparently his salary goes straight to the Augustinians so n...
well-lubricated provocative mad-dog skullcap
  05/24/25


Poast new message in this thread



Reply Favorite

Date: May 9th, 2025 10:15 AM
Author: Pale Library

I don't think the taxmos who drafted the IRS Code contemplated a US citizen being elevated to sovereign of the Holy See.

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48916648)



Reply Favorite

Date: May 9th, 2025 7:58 PM
Author: Pale Library



(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918146)



Reply Favorite

Date: May 9th, 2025 8:04 PM
Author: bespoke persian step-uncle's house

Safe to assume he gives up US citizenship and is treated accordingly.

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918155)



Reply Favorite

Date: May 9th, 2025 8:20 PM
Author: buck-toothed big tank multi-billionaire

US passport gives you visa-free access to an additional 27 countries

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918186)



Reply Favorite

Date: May 10th, 2025 12:01 AM
Author: Laughsome Kitty

if u renounce dont u have to pay some exit tax and shit, will be lolzy if he has to send a check from the vatican

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918723)



Reply Favorite

Date: May 9th, 2025 8:26 PM
Author: Crystalline wild police squad

if he didn't renounce US citizenship, and the church didn't pay him a salary but just provided housing and whatever he needs - would the IRS charge the vatican for the perquisites and tax them? i vaguely remember nissan doing this with carlos ghosn, and maybe grossing him up (so he would have cash to pay the tax on his in kind comp)

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918194)



Reply Favorite

Date: May 9th, 2025 10:13 PM
Author: well-lubricated provocative mad-dog skullcap

Pope apparently makes 300000k euros

BUT since he took orders or whatever he has a vow of poverty

Francis just gave away his money but I wonder from a US tax prospective probably better to just decline it (or only accept under the reporting theshold)

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918505)



Reply Favorite

Date: May 9th, 2025 11:40 PM
Author: ocher diverse stock car temple

Declining pay is taxable constructive comp

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918682)



Reply Favorite

Date: May 9th, 2025 8:40 PM
Author: Balding Aphrodisiac Chapel

is there a loophole if he adopts Filipino citizenship?



(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918218)



Reply Favorite

Date: May 9th, 2025 8:56 PM
Author: Startled tanning salon

that’s a spicy FBAR

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918256)



Reply Favorite

Date: May 9th, 2025 8:58 PM
Author: yapping background story theater

The US system of worldwide taxation is retarded, part the billion.

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918268)



Reply Favorite

Date: May 9th, 2025 10:09 PM
Author: Rusted theater stage jap



(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918490)



Reply Favorite

Date: May 9th, 2025 11:38 PM
Author: Pale Library



(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918673)



Reply Favorite

Date: May 10th, 2025 12:02 AM
Author: Laughsome Kitty

they shld at least exempt investmetn income, a legit foreigner who buys US stocks doesnt have to pay US cap gains but me as a turd anchor baby "amerikkkkan" who never will live in US again has to, its absurd

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918726)



Reply Favorite

Date: May 10th, 2025 12:26 AM
Author: yapping background story theater

Why don't you just renounce your US citizenship? Not like you're using it, faggot.

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918759)



Reply Favorite

Date: May 10th, 2025 8:49 AM
Author: Laughsome Kitty

when i use the passport im using it faggot, they need to have a mpassport for millionaires that gives universal entry everywhere

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48919034)



Reply Favorite

Date: May 10th, 2025 10:04 AM
Author: appetizing talking box office gunner

Imagine being stranded in a true shithole like Papua because your net worth fell to 900k and you renounced your citizenship

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48919116)



Reply Favorite

Date: May 10th, 2025 11:23 AM
Author: yapping background story theater

You don't have a second citizenship in Turdistan by now? Okay, then quit your bitching about paying taxes on your US stocks, faggot.

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48919277)



Reply Favorite

Date: May 9th, 2025 11:39 PM
Author: Pale Library

Uncle Sam is going to get .4% of all of the Catholic Church's income on this deal

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918677)



Reply Favorite

Date: May 10th, 2025 12:10 AM
Author: Balding Aphrodisiac Chapel

While Penguin Island made the Trump tariff list, the Vatican was notably absent... want to bet the Vatican Bank is underwriting the next Trump Hotel DC?

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918736)



Reply Favorite

Date: May 10th, 2025 1:19 AM
Author: Doobsian galvanic cumskin alpha

I suspect if he forfeited every asset he has ever had it wouldn't really matter so they'll work it out

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48918809)



Reply Favorite

Date: May 10th, 2025 8:26 AM
Author: Electric Dysfunction Shrine

He has to pay tax on the imputed cost of personally owning the Pieta and living in the Sistine Chapel

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48919003)



Reply Favorite

Date: May 24th, 2025 11:47 AM
Author: well-lubricated provocative mad-dog skullcap

Apparently his salary goes straight to the Augustinians so no income

https://www.wsj.com/personal-finance/taxes/pope-leo-xiv-us-taxes-f7f1de28

(http://www.autoadmit.com/thread.php?thread_id=5722716&forum_id=2E#48958465)