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Started By
Message
re: Tax rules cause record number of Americans to renounce citizenship
Posted on 9/10/14 at 1:04 pm to Old Hellen Yeller
Posted on 9/10/14 at 1:04 pm to Old Hellen Yeller
quote:
The choice of which banana republic to call your tax home isn't taken lightly, I'm sure.
Of course not, but why do you slur countries as banana republics?
2
Posted on 9/10/14 at 1:07 pm to son of arlo
quote:
why do you slur countries as banana republics?
Sounds butthurt-motivated.
Posted on 9/10/14 at 1:17 pm to son of arlo
I'm surprised the number is not higher. I know of a couple of successful 50s early retirees that have done this...one moving to Costa Rica and the other to Belize.
Posted on 9/10/14 at 1:22 pm to DeltaDoc
Belize has English as the official language for a reason. I've looked at it, but decided to stick around the homestead for the time being. It would be a good place to set up a sportfishing vacation business.
Posted on 9/10/14 at 1:24 pm to son of arlo
quote:
Belize has English as the official language for a reason. I've looked at it, but decided to stick around the homestead for the time being. It would be a good place to set up a sportfishing vacation business.
I have thought about the same thing. Have my early "retirement gig" standing on the polling platform of a Hell's Bay Marquesa.
The Ambergris Cay Resort (El Pescador) is a great fishing/vacation destination for sure.
LINK
P.S. Sorry for the hijack.
If one were so inclined, beach front real estate in Belize is quite cheap as compared to US beach front locations. One could purchase something like that and later ex-at and retire down there.
This post was edited on 9/10/14 at 1:27 pm
Posted on 9/10/14 at 1:36 pm to DeltaDoc
Traitors Profits before Americans. You want to go say goodbye and revoke citizenship. This is a farce to rip off the American people and avoid taxes. These taxed could buy school lunches and health care for all.
Posted on 9/10/14 at 1:38 pm to JEAUXBLEAUX
quote:
rip off
Posted on 9/10/14 at 1:39 pm to LSURussian
They're probably all Republican, white, Christian, Southern males so good riddance.
Posted on 9/10/14 at 1:39 pm to JEAUXBLEAUX
quote:Here is a clue. You have NO CLAIM to another's wealth. Nor does America if the money is earned overseas.
Traitors Profits before Americans. ... This is a farce to rip off the American people and avoid taxes
Do you think California should be able to tax income in Florida?
quote:What it buys is immaterial. The "good works" do not ameliorate the theft.
These taxed could buy school lunches and health care for all.
This post was edited on 9/10/14 at 1:41 pm
Posted on 9/10/14 at 1:50 pm to JEAUXBLEAUX
quote:
Traitors Profits before Americans. You want to go say goodbye and revoke citizenship.
It is not as trivial as you think. Some of those "traitors" put their lives on the line to defend the US. I've talked with several happy ex-military guys who live in Belize now, and they don't fit my definition of traitor in the least. They wanted to go to a mythical land where they could live their dreams. They decided the US wasn't that place anymore.
It's kinda like an international "white flight" syndrome.
Posted on 9/10/14 at 1:57 pm to LSURussian
Welcome to French-America!! 
Posted on 9/10/14 at 2:01 pm to JEAUXBLEAUX
Since when did being an American citizen become compulsory? If someone does not want to be a citizen of the United States they should be able to renounce their citizenship at no cost and without complications. Gaining citizenship should involve costs and complications, and anyone who has previously renounced their citizenship should have to follow the same procedures as all others if they seek to regain citizenship.
Posted on 9/10/14 at 2:01 pm to The Spleen
quote:
Did you read the article? The issue is the complexity of their return, not the tax rate.
Did you read between the lines?
quote:
What is really driving Americans to expatriate is not that they do not want to pay taxes. What is driving them crazy is that now filling out tax returns is much more complicated-it requires tremendous work in terms of tax-record keeping and then it can cost thousands of dollars to get a competent person to fill it (the tax return) out
If you are paying thousands of dollars to fill out your taxes, you probably fit into a class of people that have very complicated international income and assets. With a government that continues to increase / manipulate the tax code and an IRS that has taken liberties with the interpretation of and enforcement of taxation laws, I can see their point.
Posted on 9/10/14 at 2:03 pm to LSURussian
Citizen taxpayer: hey this tax code is so complex and ridiculous that we can't figure it out. How about we make is simpler? I'll gladly pay the same amount.
Progs: if you don't like it then GTFO!
Citizen taxpayer: really? We'll if that's the only way then I guess I'll do as you ask.
Progs: frick you you unpatriotic POS!
Progs: if you don't like it then GTFO!
Citizen taxpayer: really? We'll if that's the only way then I guess I'll do as you ask.
Progs: frick you you unpatriotic POS!
Posted on 9/10/14 at 2:07 pm to ironsides
quote:
Did you read between the lines?
There's no lines to read between. I've worked in public accounting before and have filled out returns for citizens living abroad. They can be extremely complex and often times don't result in a higher tax burden than a comparable citizen's living stateside. I don't know how their required filing have changed in recent years as I no longer work in that capacity, but if they've gotten more difficult, I get their frustration.
Posted on 9/10/14 at 4:16 pm to LSURussian
Good. Leave. Don't come back. I invite all right wingers to do so. We don't need your votes.
This post was edited on 9/10/14 at 4:17 pm
Posted on 9/10/14 at 4:17 pm to TT9
"well...bye"
you feel the same about corporate inversion? What are your thoughts on the intricacies of the expat tax penalty? For or against? Do you think the rate is about right? What about the deferment elections? I would love to hear your well thought out, educated responses to the expatriation issue.
I'll hold my breath.
you feel the same about corporate inversion? What are your thoughts on the intricacies of the expat tax penalty? For or against? Do you think the rate is about right? What about the deferment elections? I would love to hear your well thought out, educated responses to the expatriation issue.
I'll hold my breath.
Posted on 9/10/14 at 4:18 pm to JEAUXBLEAUX
quote:
These taxed could buy school lunches and health care for all.
Posted on 9/10/14 at 5:24 pm to LSURussian
Who in Hell downvoted the OP?
Don't cower in a corner.
Raise your hand.
Calling you out!
Don't cower in a corner.
Raise your hand.
Calling you out!
Posted on 9/10/14 at 5:34 pm to NC_Tigah
The US and the economic powerhouse that is Eritrea are the only 2 countries that taxes its citizens on worldwide income.
ETA: This actually also applies to green card holders (who aren't even citizens).
ETA: This actually also applies to green card holders (who aren't even citizens).
This post was edited on 9/10/14 at 5:36 pm
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