The Conservative Cave
Current Events => General Discussion => Topic started by: JohnnyReb on March 11, 2014, 08:39:25 PM
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Nope! Not the DUmmies. More like solid citizen types and for a reason we all can understand.....the IRS. They live abroad and still have to file a return. Some of the charges to get their taxes done abroad are outrageous. Might be a chance for someone in the US to open a business doing taxes for these citizens.
http://finance.yahoo.com/news/expats-ditching-u-s--passports-151127757.html
How 'bout we pass a law they don't have to file a tax return if they take/sponsor a DUmmies move and citizenship renouncement.
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The problem with that is, sometimes the government you're going to is more outrageous than the US. Singapore for instance (because I work here) and the US treat me as an Expat for tax purposes even though I go back and forth to the US every 20 days. They also tax anything, and I mean anything, they think is a benefit to me from my employer. Hotel, car, per diem, 401K match, stock options that I recieved while working here, they get their money. Now my company promises that I will be tax neutral when they file for me, its just a lot of paperwork. We have a company that files for us. I can't imagine it being any easier for someone giving up their citizenship and immagrating to another country. Then they have to show that they have a job and won't be a drain on the government while giving up half of their income for taxes.