Author: firstcause

Record number renounces US citizenship: IRS   [Copy link] 中文

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Post time 2012-4-17 23:45:49 |Display all floors
MisterPanda Post time: 2012-4-17 21:25
National defense ? Maybe if the USA stopped attacking any country with oil the national defense  ...

It's not just federal taxes.   I had to pay state taxes as well when I was living in Germany.
I didn't have a problem paying those taxes.  I only lived there 3 years, I knew it wasn't permanent.

But if you're not planning on moving back there is no real reason to retain citizenship.

I guess there are different ways of looking at citizenship and what that means.  For me, it means benefits and responsibilities.
  
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Post time 2012-4-17 23:57:36 |Display all floors
emucentral Post time: 2012-4-17 21:12
I understand the point, JFenix, and it is certainly valid.
When Australians live and work abroad,  ...

'and would appear to discourage US citizens from working abroad.......'

It is like what jay dee had said, it closes some tax loopholes from those who abuse the system.

So it is meant to discourage corruption from people just moving operations over the border to avoid taxes.

We need more protectionism if you ask me.  More tax penalties for companies operating overseas.  We have to make things more competitive at home.  We can't all be unemployed here.


  
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Post time 2012-4-18 02:43:57 |Display all floors
The initial poster wants us to believe, that it is out of political reason.

In most cases it is simply economical grounds and most are already living outside the USA.

A growing number of Americans living overseas are renouncing U.S. citizenship. The reason? Mounting tax and reporting obligations, lawyers say.

With the U.S. government struggling with huge budget deficits, government bodies such as the Internal Revenue Service and Securities and Exchange Commission have been cracking down on tax evasion and implementing new reporting requirements. In February, the IRS introduced a second offshore voluntary disclosure program aimed at noncompliant American taxpayers with unreported offshore bank accounts and assets.

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Post time 2012-4-18 07:53:59 |Display all floors
JFenix Post time: 2012-4-17 23:57
'and would appear to discourage US citizens from working abroad.......'

It is like what jay dee h ...
We need more protectionism if you ask me.


And this is why I hate democracy :)
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Post time 2012-4-18 07:59:15 |Display all floors
Kbay Post time: 2012-4-17 22:22
Nah!
It's what real Chinese call those twerps who fled Hong Kong in their Titanic shiploads to Can ...
No proper speak or wirte Chinese, these yellow bananas are not welcome in HK!


I believe nobody speaks or write Chinese as it is not a language

Just busting your chops

Hey, I have an off topic question. Can Hong Kongers born before 1997 apply for British passport or is it forbidden now that Hong Kong went back to China ?

Please, I am not talking about the legitimity to get a British passport or why would anyone want to do this, I'm just interested in the legal aspect.
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Post time 2012-4-18 09:23:43 |Display all floors
Cestmoi is paying paying paying...
What does Cestmoi get out of paying tax in Usofa?
Let the dice fly high

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Post time 2012-4-18 09:28:32 |Display all floors
JFenix Post time: 2012-4-17 23:45
It's not just federal taxes.   I had to pay state taxes as well when I was living in Germany.
I di ...

What benefits, luv¿
Where's Cestmoi's benefits?
Cestmoi deserves some benefits too.
Let the dice fly high

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