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News & Current Events Discuss Why expats are ditching their U.S. passports at the General Forum; Originally Posted by 40yearfan Idiotbrain.com. This is the best source you can come up with? Wow!!! Fine move to Belize ...

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Old 03-12-2014, 11:35 PM
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Default Re: Why expats are ditching their U.S. passports

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Idiotbrain.com. This is the best source you can come up with? Wow!!!
Fine move to Belize and deal with the beefworms.
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Old 03-13-2014, 12:13 AM
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Default Re: Why expats are ditching their U.S. passports

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Originally Posted by winston53660 View Post
Okay what country and what is their tax rate? If you are thinking Canada it will cost you 400k at least

Canada Permanent Residency: Business Class Investors - Immigration Lawyer, London Ontario
Why would anyone move to Canada?

I haven't decided yet. I'll either live on my sailboat, or perhaps Dominica, Costa Rica, Ecuador, Jordan, Belize, Maldives, Bahamas, Turks and Caicos, Qatar, or Iceland. Leaning towards Dominica at the moment.

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Check out Belize. Their main language is English.
I absolutely adored Belize when I was there. I would LOVE it there.
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Old 03-13-2014, 12:16 AM
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Why would anyone move to Canada?

I haven't decided yet. I'll either live on my sailboat, or perhaps Dominica, Costa Rica, Ecuador, Jordan, Belize, Maldives, Bahamas, Turks and Caicos, Qatar, or Iceland. Leaning towards Dominica at the moment.

I'm sure each have their issues.
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Old 03-13-2014, 05:32 AM
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Default Re: Why expats are ditching their U.S. passports

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Originally Posted by foundit66 View Post
Heard a rumor the other day that tax money was collected under Republicans in the past...

Must have been some damned left-wing lie.


But hey. You know.
Screw that deficit thingie...
Taxation is theft!!! I'll build my own damn highway if'n I needs to go somewheres.
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Old 03-13-2014, 08:26 AM
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Default Re: Why expats are ditching their U.S. passports

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I'm planning on retiring abroad, and if things continue the way they are, I'll be renouncing US citizenship as well. I hope to owe a f*ckload of taxes before I do, too. These last 8 months working freelance and thus not having taxes withheld have only cemented to me just how much our taxes hurt the middle class. In 8 months, I've been able to accomplish financially what I could not accomplish the last 4 years. I've been able to use the 10s of thousands that would have been withheld to help my family and pay off credit cards. Yes, I know the IRS will be demanding their money eventually, but I hope to be gone before I ever pay it all back. In the meantime, I'm getting out of debt and helping to ensure my family doesn't have their vehicles or homes taken from them, or electricity turned off.
Someone once said that if the general public had to write a check each year to pay their taxes, instead of using payroll deductions, there would be a whole new outlook on taxes in this country. FDR was a clever little bastard for instituting payroll deductions.
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Old 03-13-2014, 09:27 AM
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Someone once said that if the general public had to write a check each year to pay their taxes, instead of using payroll deductions, there would be a whole new outlook on taxes in this country. FDR was a clever little bastard for instituting payroll deductions.
Oh, without a doubt. If people actually paid attention to how much in taxes they were paying and thought about what good they could do with that money themselves, how much less they would struggle day to day, there would be a HUGE change in sentiment. Right now, folks don't really even think about it, and it's certainly to the thief's advantage when the victim doesn't pay attention to how much is being stolen.
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Old 03-13-2014, 10:51 AM
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Post Re: Why expats are ditching their U.S. passports

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Someone once said that if the general public had to write a check each year to pay their taxes, instead of using payroll deductions, there would be a whole new outlook on taxes in this country. FDR was a clever little bastard for instituting payroll deductions.
Hell. I would be interested in simply getting an itemized receipt at the end of the year from the government.

Maybe it would sink in that 22% of that tax bill going to fund the military is kinda large. What's the actual return on our investment for that dollar amount?
Social Security is listed as 20%, but we also pay into that so it's our money in the first place.
Itemize out how much is paid in corporate welfare vs social welfare.
"About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies."
Think by Numbers Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs

Put things in perspective, right next to the bottom line that Johnny taxpayer paid in.
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Old 03-13-2014, 11:56 AM
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Default Re: Why expats are ditching their U.S. passports

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Originally Posted by foundit66 View Post
Hell. I would be interested in simply getting an itemized receipt at the end of the year from the government.

Maybe it would sink in that 22% of that tax bill going to fund the military is kinda large. What's the actual return on our investment for that dollar amount?
Social Security is listed as 20%, but we also pay into that so it's our money in the first place.
Itemize out how much is paid in corporate welfare vs social welfare.
"About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies."
Think by Numbers Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs

Put things in perspective, right next to the bottom line that Johnny taxpayer paid in.
How much is your freedom worth? With the worldwide military obligations this country has 22% is not a bad deal.
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Old 03-13-2014, 12:53 PM
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Default Re: Why expats are ditching their U.S. passports

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Originally Posted by 40yearfan View Post
Idiotbrain.com. This is the best source you can come up with? Wow!!!
Is that someone's favorite website?



Quote:
Originally Posted by foundit66 View Post
Hell. I would be interested in simply getting an itemized receipt at the end of the year from the government.

Maybe it would sink in that 22% of that tax bill going to fund the military is kinda large. What's the actual return on our investment for that dollar amount?
Social Security is listed as 20%, but we also pay into that so it's our money in the first place.
Itemize out how much is paid in corporate welfare vs social welfare.
"About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies."
Think by Numbers Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs

Put things in perspective, right next to the bottom line that Johnny taxpayer paid in.
I don't think you can put a dollar amount to the benefits we all reap from our Military, do you? Believe it or not, some things are more important than the almighty dollar.


I'm not sure but it seems some on this thread have missed the point.

The people in the OP article have not lived in this country for years, some not for decades.
I'm not sure why they are even still required to pay U.S. Taxes. Would it be because of $$$ they are receiving from the United States?
Social Security or pensions or whatever?

And why would they have to report assets of their significant other who is NOT a citizen of the United States?

Personally, I think it is pretty bad that many ex-pat's are being told to close their accounts by their financial institution's in other country's. Makes us look bad IMO.
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Old 03-14-2014, 10:59 PM
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Default Re: Why expats are ditching their U.S. passports

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Originally Posted by foundit66 View Post
Hell. I would be interested in simply getting an itemized receipt at the end of the year from the government.

Maybe it would sink in that 22% of that tax bill going to fund the military is kinda large. What's the actual return on our investment for that dollar amount?
Social Security is listed as 20%, but we also pay into that so it's our money in the first place.
Itemize out how much is paid in corporate welfare vs social welfare.
"About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies."
Think by Numbers Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs

Put things in perspective, right next to the bottom line that Johnny taxpayer paid in.
Corporate subsidies where corporations are allowed to keep their own money so they can expand and hire more people. So now we call them subsidies? Subsidies are when the federal government takes money from people to give to other people. It is not a subsidy when you allow someone to keep their own money. It is not the federal government's money. It is the corporation's money that they earned legitimately. Taking it from them is a tax. Not taking it is NOT a subsidy.
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