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In reply to the discussion: If you know any American persons living in another country than America than please let them know [View all]NoOneMan
(4,795 posts)9. I don't see why that's a problem
If income leaves the US, it has already been taxed (or your shitty system failed). Why do all perpetual profits made from that income elsewhere subject to infinite & perpetual taxation, if such capital's action no longer depends upon the US infrastructure and its initial taxes have already been paid?
It makes no sense. Not a single bit.
If the US is failing to tax that income when it is first made, fix that problem. If the US is no longer an attractive place for people to live an invest their money, fix that problem.
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If you know any American persons living in another country than America than please let them know [View all]
riverbendviewgal
Jul 2013
OP
Indeed. My sis in law and my nephews went to Ireland. They are now Irish citizens!
SugarShack
Jul 2013
#53
Exactly. People have no inkling how many people this impacts who have no US interests
NoOneMan
Jul 2013
#22
i'd like to see some support for the proposition that you can renounce your citizenship & still
HiPointDem
Jul 2013
#25
us has the banks where you have accounts report for 10 years after you renounce
riverbendviewgal
Jul 2013
#38
If they earn the income in this country, they pay the taxes to this country.
Common Sense Party
Jul 2013
#51
First off, it'd be fine with me if the US tax system wasn't broke in the first place
NoOneMan
Jul 2013
#15
There are many treaties that prevent double taxation of people who are citizens of one country but
pampango
Jul 2013
#20
I know people who are Americans living abroad and they only wind up paying US taxes on
Bluenorthwest
Jul 2013
#37
Here is a letter from Rand Paul and others that will interest you. to Geithner
riverbendviewgal
Jul 2013
#61
an established bona fide non-resident U.S. Citizen is exempt from about the first $94,000 - annually
Douglas Carpenter
Jul 2013
#46
The thing is that FATCA is a money maker...and taking from the easiest and those not the one percent
riverbendviewgal
Jul 2013
#57
There’s no way anyone can put enough lipstick on this pig to make it kissable.
riverbendviewgal
Jul 2013
#59