[vannrox]

A great Read.

[usconservative]

Dammit, didn't find my name anywhere.

(/humor)

[Torie]

Just where is the low tax nirvana to which these folks decamp?

[Willie Green]

Under this law, the people on this list may be taxed for ten years after they renounced their citizenship. Furthermore. under 8 USC 1182(a)(10)(E)), these persons may not be allowed back into the US for any reason.

IMHO, this is much too lenient for these tax cheats and deadbeats.
They oughta be tarred, feathered and sentenced to 20 years hard labor on a chain gang busting big rocks into little pebbles.

[FReethesheeples]

bump

[Antoninus]

Honestly, can we blame them?

[The Duke]

I say more power to any of the taxpatriots who want to renounce their citizenship - nor do I believe they should be taxed after leaving and renouncing.

And afterwards, they should be treated exactly like any other foreign national if they seek to return or do business here.

I must confess to having considered the same strategy myself - it seems like someone would have to be some kinda sucker to allow themself to be taxed at today's onerous rates, and it doesn't look to be getting any better.

Of course if I wanted to be a **REAL SUCKER** I suppose I could relocate to Australia or New Zealand.

[monkeyshine]

I'm not sure, but I had heard that the inventor of styrofoam is one of these "taxpatriates". Apparantly he is a billionaire that didn't want to become just another millionaire, so he took off with his loot. The companies that license his patent can always just send his check to his bank in the Caymans or Belize or wherever he is....

It's a shame that so many are leaving in droves for this reason. I think the worst part about the tax laws (and there are many very bad parts) is the death tax.