Posted on 06/29/2008 4:41:06 PM PDT by Coffee200am
But it does bring back memories.
/johnny
Who didn’t see this coming - seems we can’t get rid of the “death tax” for good either.
Simple enough to get around: just transfer 100% of your assets to safe havens overseas, ahead of time before the democrat party can steal your funds. (the Mark Rich/George Soros technique)
/johnny
see #4 - but I bet you’d get caught fairly quickly
...if you walk away we’ll tax your feet...
(apologies to The Beatles)
What a crock, that Congress should pass laws penalizing citizens for moving capital out of the US when there are billions going to Mexico illegally every year. Hypocrites!
Land of the Free my @ss.
And all this time, I thought Bush, McCain , Teddy and the other the open borders government hacks didn’t place a value on American Citizenship!
Move the money out of reach well before renouncing your citizenship...the types who do that sort of thing never were real Americans anyway, but ultra lib “world citizens”.
I feel it’s every American’s patriotic duty to pay as LITTLE to the federal government in taxes as possible. Otherwise, we are nothing but enablers for our elected pathological spendthrifts.
This may not be about people leaving the country but in the event of a civil uprising. I mean, how many people give up their citizenship? They may pack up and move to a resort in Mexico but they remain citizens.
We should be taxing “financial transfers” to Mexico and Guatamala and El Salvador at the max tax rate on the way out PLUS the civil penalties for not filing tax returns.
American version of the Berlin Wall, let the people go, keep the money.
Idiots. You can’t tax talent, intelligence, or hard work ethic. Take a self made wealthy genius in any field: America becomes a hell hole for him/her and they decide to leave. Even if the government threatened to take everything they had, there are many governments around the world that are willing to replace anything they lose and then some for them to leave.
Socialist idiots.
With no tax penalties either. That is a very good point. Come over here illegally. Take money from a job, illegally. Send money to another country, questionably illegally, or at least untaxed. But if you are a citizen and don’t want to stay to the snot taxed out of you, they can steal, and I use the word stealing because that is what it is, you money.
This isn’t the country I grew up in.
Note to self:Before renouncing my US citizenship make sure to get all my $$$ and assets out of the US.
What is really ridiculous about the US tax code is that if I live and work in another country, I am still taxed by good ol’ Uncle Sam! That means I am paying income taxes in the US and the country in which I am living and working. Fantastic.
I bet you I wouldn’t.
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