Trump’s proposed ‘gold card’ visa comes with a hidden tax break for the wealthy

 

Donald Trump’s proposed $5 million “gold card” visa aims to attract wealthy foreign investors by offering U.S. residency and a path to citizenship. 

Experts say it would be one of the most expensive investment visas globally, yet it includes a major tax loophole: gold-card holders wouldn’t have to pay U.S. taxes on their foreign income—a benefit not available to American citizens.

 This exemption makes the program highly appealing to ultra-wealthy individuals with international business interests. 

Immigration attorneys report strong early interest, particularly from millionaires in China, India, and other countries who have historically sought U.S. residency but avoided it due to tax burdens.

The program is expected to replace the existing EB-5 visa, which has been criticized for fraud and inefficiency. 

While Trump claims the U.S. could sell a million gold cards, experts believe demand will be much lower, likely in the thousands. 

The U.S. has historically had a modest net inflow of millionaire immigrants, with about 3,800 in the last year.

 Despite its high price tag, the program’s appeal lies in its tax advantages, which could create a dual tax system favoring foreign investors over U.S. citizens.

 Critics argue that while the program could generate significant revenue, it also raises concerns about fairness and the long-term economic impact of prioritizing wealthy immigrants.

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