Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And most of the MSM articles describe them as "wealthy Americans".
Do they want us to think that all 6 million of those US citizens living and working abroad are all rich ?
And most of the MSM articles describe them as "wealthy Americans".
Do they want us to think that all 6 million of those US citizens living and working abroad are all rich ?
Not at all. Most of those are working for a U.S. company and are assigned oversea and they're not 8itching about paying U.S. taxes.
Not quite sure I can make the leap required to see how wanting to keep more of the money you earn yourself is somehow an entitlement?
There's a cost to being a member of society.
Did you not have the opportunity to make that money because of this society?
See how much you can earn moving to another country.
There's a cost to being a member of society. Did you not have the opportunity to make that money because of this society?
See how much you can earn moving to another country.
Actually these people earned that money in a different country and paid their taxes to that country.
The US wants tax on that money, not earned on US soil.
We are the only country that does that.
Not at all. Most of those are working for a U.S. company and are assigned oversea and they're not 8itching about paying U.S. taxes.
Actually a lot of the big multinationals operate independently.
At my old company (big multinational) you could get a long term assignment but never a transfer.
You had to quit in the US and go apply in the other country.
That's how the big multinationals get around the foreign tax.
Stats for your assertion that most of those 6 million work for US companies ?
There's a cost to being a member of society.
Did you not have the opportunity to make that money because of this society?
See how much you can earn moving to another country.
I fully understand that there is a price to be paid for being a member of a society. However, I wasn't the one saying wanting to keep some of the money you earn is an "entitlement" mentality.
I just wonder when enough is enough. I won't enter into a cut and paste battle with you because it is simply unproductive. For every chart or slick infographic that proves X, there are three more proving Y instead. I would say that the tax code needs work. If I were running the show for a day, I would prioritize the efforts for reform as 1) Close existing loopholes. Nothing wrong with tax incentives/credits, but close the loopholes. 2) Set a fair, flat rate. If you make $20K or $2M per year, everybody pays 15% as an example. 3) Simplify the whole thing. Get rid of the stacks of tax law on inheritance, estate taxes, capital gains. Streamline the whole thing so it makes sense.
And most of the MSM articles describe them as "wealthy Americans".
Do they want us to think that all 6 million of those US citizens living and working abroad are all rich ?
Well, 0.002% of them have now renounced their citizenship, and that's the big news we are talking about
.
For every one American who wants to leave, there are a 100,000 people trying to get into the USA. And one thing is certain, if you leave, you had better renounce your citizenship because the IRS in on the hunt. Good luck to all who move out.
Well, 0.002% of them have now renounced their citizenship, and that's the big news we are talking about
.
And you don't know that they are the "wealthy".
One in England did it because he was concerned that the law firm he worked with would never consider him for partnership because then the firm would come under US IRS scrutiny. That guy is 37 years old.
Sure you have your Tina Turner and Denise Rich and Saverin who definitely did it to escape taxes but you probably have many more that are just working class people.
And it's the penalty that rakes in the money, not the taxes because these expats have to file US income taxes even if they earn no US income which many were not aware of. You do not need to do that here..no income, no file.
One widow in Canada has about $300K in various accounts and has been there for 30 years.
The IRS wants $75K from her in back penalties.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
