1 - 4
In response to:

What Price U.S. Citizenship?

FBARCompliant Wrote: Jan 02, 2013 4:43 PM
Never is. Rarely is a story on renouncing correct as to causes. Narratives are simplistic, and real reasons always different than you think, or the CW of the press reports.
In response to:

What Price U.S. Citizenship?

FBARCompliant Wrote: Jan 02, 2013 4:41 PM
I would.
In response to:

What Price U.S. Citizenship?

FBARCompliant Wrote: Jan 02, 2013 2:37 PM
If it were as simple as taxes, that would be an easy story to tell, but as you should know, the 'effective tax rate" on Americans in the homeland is pretty darn low if you do the math against a real GROSS income, forgetting about all those exclusions for AGI, or credits, exemptions, deductions etc to reach a taxable income. But few Americans calculate how low they pay, as compared to other countries in the world. No, this story told here is about Tax Complexity, FBAR penalties, and the IRS offshore jihad against Americans Abroad that is turning them into pariahs. Frankly, with the HUGE DATA gathering scheme on all U.S. Persons living around the world with FATCA, a target is on your back. Best to lose that blue passport or greencard.
In response to:

What Price U.S. Citizenship?

FBARCompliant Wrote: Jan 02, 2013 1:17 PM
The TAX law causing Expats to renounce, is FATCA, the worst law most Americans know nothing about. The negative impact of FATCA is on middle class Expats too. No other Country in the world treats its emigrants the way American does. You probably will have to go to Google, to read about it. Most U.S. media have ignored it since 2010 when it was an amendment to the Hire Act. Google this Headline. Interview: James Jatras, Lawyer and Anti-FATCA Lobbyist That will explain it to you. This is also a story of tax complexity and penalties only partially told here. It has come down to a basic cost vs benefit analysis. Can I afford that U.S. Citizenship Tax and Penalty Club any longer? Sadly, the answer for many is NO!
1 - 4