Posted on 08/29/2014 1:42:28 PM PDT by Former Proud Canadian
Over the last two years, the U.S. has had a spike in expatriations. It isn’t exactly Ellis Island in reverse, but it’s more than a dribble. With global tax reporting and FATCA, the list of the individuals who renounced is up. For 2013, there was a 221% increase, with record numbers of Americans renouncing. The Treasury Department is required to publish a quarterly list, but these numbers are under-stated, some say considerably.
The presence or absence of tax motivation is no longer relevant, but that could change. After Facebook co-founder Eduardo Saverin departed for Singapore, Senators Chuck Schumer and Bob Casey introduced a bill to double the exit tax to 30% for anyone leaving the U.S. for tax reasons. That hasn’t happened, but taxes are still a big issue for many.
(Excerpt) Read more at forbes.com ...
You forgot about getting a clearance letter from the IRS that requires 7 years worth of 1040s showing you owe nothing.
Everything you have, they own, and you got it only because they gave it to you.
Which fits in perfectly with “You didn’t build that”.
FUBO.
Well you can make about $95K taxfree abroad before Obama has his hand out.
Exactly right. When the feral govt. seals the border, a lot of people are going to be surprised at the direction in which the guns will be aimed.
All you do is post gloom and doom, how the leftists are winning and we stand no chance.
I ask any person reading this to check out your posts across numerous threads.
You have no fight in you despite your protests that “I’ve been fighting them a lot longer than you have,”
No, you haven’t. Your posts are filled with ‘I surrender; we’re doomed; Let’s give up” crap.:
Again, anyone can read your posts to see what a surrender monkey you are.
Do us and yourself a favor and dig a hole, bury yourself and get lost.
Not true. If the money is considered "unearned income" there is no exclusion. IOW, if you purchase property, rehab it, and lease it the profit is considered "unearned income".
I never even suggested we had no chance, except in terms of 'solutions' being proposed - such as "Vote more Republicans".
You have no fight in you
I would not bother wasting my time here and elsewhere if that were the case. Contrary to your assertions, I love to fight. But on my own ROE, not yours or those dictated by the enemy.
Your posts are filled with ‘I surrender; we’re doomed; Let’s give up” crap.:
If you equate 'giving up' with refusing to vote for Republicans in the Oligarchy, then you are correct. That is no longer a solution, it is an exercise in futility - same conclusion the Colonists came to when prostrating before the Crown for redress was met with repeated injury.
Do us and yourself a favor and dig a hole, bury yourself and get lost.
Reminds me of what God's People stated emphatically in Isaiah 30:9-13.
They were not interested in hearing the hard truth either.
Just claim we are leaving for sake of gang violence. It’s good enough for illegals from Honduras it’s good enough for people leaving the gangsters in DC.
By the way. I’m travelling the world currently...
Fast forward to the 21’55” mark: http://crooksandliars.com/2014/08/joe-stiglitz-we-need-fair-taxes-all
.
“Well you can make about $95K taxfree abroad before Obama has his hand out.”
IF you spend LESS than 30 days in the US in a 12 month period.
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