ping
meanwhile millions and millions of illegals wait for their amnesty
Chase citizens away, herd illegals in. How long can a nation survive with such a scheme.
I’ve not understood how the US government has this much power over foreign financial institutions or governments.
But it sounds as if foreign banks are simply refusing to do business with Americans overseas, rather than comply with such complex disclosures and paperwork.
This reminds me of efforts which have been made, to get banks to stop doing business with gun businesses. It’s as if our government has decided that certain people are to be punished. In this case, Americans living overseas, living and doing business legitimately, are treated as if they have something to hide.
The democrats know, and don’t care.
That’s BS giving up your citizenship. You need to be a building a .308 platform, and putting in the time at the range. That is what our forefathers would do.
Failing and tyrannical countries often institute capital controls to trap their citizens’ funds. The US is doing this in an unusual way. Because the US economy is so powerful, and the dollar is a major international currency, the US Gov’t has used a two prong approach.
1) By making it so onerous to do business with US citizens, the gov’t has effectively trapped citizen funds within the US because few external banks/brokers will take US citizen accounts. This has all been done without mention of the phrase “capital controls.”
2) The other arm, in the name of suppressing tax cheats, is addressed in this article. The IRS has written regulations on out-of-country accounts which are incredibly complicated, intrusive, and confiscatory. Even if you can get someone to take your money overseas, the US gov’t can accuse you of some complex tax violation and seize a good portion of it through outrageous penalties.
The net effect of all this is that the only way out of the country is through dual citizenship, and then formal relinquishing of US citizenship. I love the US, and haven’t even thought of this for myself. But gaming the situation, and thinking about past history where people were trapped in a country that was cannabilizing itself (Germany, Russia at times), I’d like the option of legitimately keeping some money out of US control... and it’s being quietly and throroughly foreclosed.
This ought to alarm and anger just about anyone. Forget about the mythical 1% BS and think about what’s going on here.
Surely computer model show that our financial policies are insane and driving the country to ruin. Why don’t libs believe these models as much as their made-up climate models?
From the information given:
The US citizen is living with her Canadian citizen husband in Canada; where he works and earns a Canadian income. How is that any of the US Federal Government’s business?
They are not using the US highways, medical facilities, or any other Gubmint funded benefits. If they have monies invested in a US bank - how does that cost the US Treasury? That would be a good thing.
The surveillance is for keeping track of potential tax and fee revenues. The lowest tier of the government-supported middle class is being chewed off, then the next and so on. The debt regime can support fewer people each year, as deals are made to continue the flows of debt/revenues to a shrinking and more approved/licensed pool of officials and authorities.
It's what they want so they can continue living in their make-believe fantasy land.
Just guessing, it sounds like her personal choices led her into a catch 22.
Her child(ren) are dual citizen(s) of both Canada and the USA.
She effectively has an “anchor baby”.
The USA government either doesn't know and/or won't tell the public, how many “anchor babies” born of two foreign parents who reside outside of the USA exist.
They can track those born of at least one USA citizen, living in foreign nations.
I wonder when she last voted for in a USA Federal election?
Did her now 33 year old USA/Canadian citizen “child” also vote?
What about the 18 and over “anchor babies” born here, and never having set foot in the USA afterwards.
They are all also eligible to vote in all Federal elections.
How many of them voted?
How many of them paid taxes of any kind to the USA?
Lots of pregnant women from all over the world come to the USA to birth “anchor babies”.
China has encouraged this for a long time.
No, I am not particularly distressed about “USA citizens” complaining about paying USA taxes from gains made in foreign nations, and foreign nations and banks no longer wanting to get involved, at all, with laundering money for those claiming USA citizenship for tax reasons.
Yes, it's all very complicated...LOL!
Just guessing, it sounds like her personal choices led her into a catch 22.
Her child(ren) are dual citizen(s) of both Canada and the USA.
She effectively has an “anchor baby”.
The USA government either doesn't know and/or won't tell the public, how many “anchor babies” born of two foreign parents who reside outside of the USA exist.
They can track those born of at least one USA citizen, living in foreign nations.
I wonder when she last voted for in a USA Federal election?
Did her now 33 year old USA/Canadian citizen “child” also vote?
What about the 18 and over “anchor babies” born here, and never having set foot in the USA afterwards.
They are all also eligible to vote in all Federal elections.
How many of them voted?
How many of them paid taxes of any kind to the USA?
Lots of pregnant women from all over the world come to the USA to birth “anchor babies”.
China has encouraged this for a long time.
No, I am not particularly distressed about “USA citizens” complaining about paying USA taxes from gains made in foreign nations, and foreign nations and banks no longer wanting to get involved, at all, with laundering money for those claiming USA citizenship for tax reasons.
Yes, it's all very complicated...LOL!
Once upon a time, US citizens who worked overseas did not have to pay income tax. I only know this because I worked at Gulf Oil and I worked with many people who had worked in places like Kuwait, Iran, Venezuela and they told me they had put all that money they would have had to pay in taxes into savings and investments.
on a larger note, EVERYTHING and ANYTHING we own is basically controlled by the govt...
even if you wanted to take your money out of your 401 or Ira, the govt tracks you, taxes you, and IIRC, even can control how much you take out...
and if you wanted to get your money to a foreign country, how could you?...
after decades of intrusiveness, this is where we are...