Americans Turn In Passports as New Tax Law Hits

Quote from Ricter:

Easy to say. I'm not moving cash to a Russian bank. I am wondering what happens if I simply check 'No' on the form, though.

You wouldn't use a Russian bank. But well off American expats in Russia/former CIS countries use it, and don't give a damned about any box to check on any form the US requires. And the IRS will never be the wiser.

I'm sure Russia isn't the only place this is happening.
 
Quote from FortuneTeller:

So you think you know a bunch of commie bastards. Good company you keep idiot.

You do realize, you inept pile of sewage, that no one is communist in Russia anymore, and that our government exhibits far more communist like behavior than the Russians do, don't you? Of course you don't. You're not that well read. But don't worry, the internet will always have a place for the loud mouthed, uneducated drivel that "folks" like you spill.
 
Quote from Tsing Tao:

You do realize ... that no one is communist in Russia anymore, and that our government exhibits far more communist like behavior than the Russians do, don't you?
How would you measure this? (Analysis, not anecdote, please.)
 
Quote from Tsing Tao:

You do realize, you inept pile of sewage, that no one is communist in Russia anymore, and that our government exhibits far more communist like behavior than the Russians do, don't you? Of course you don't. You're not that well read. But don't worry, the internet will always have a place for the loud mouthed, uneducated drivel that "folks" like you spill.

In this thread you tell people to put their money in a commie Russian bank and evade American tax laws. You are a criminal. If you actually believe Russia is less communist than the USA, then you have a mental problem. Good luck overcoming your criminal tendencies while being mentally challenged.
 
April 3, 2013

Senator Patty Murray

Senator Maria Cantwell

Washington, DC, 20510

Dear Senator:

I have tried to live by the rules my entire life. My father was a Command
Sergeant Major, U.S. Army, who died of combat related stresses shortly after
his retirement. It was he who instilled in me those virtues he felt
important - honesty, duty, patriotism and obeying the laws of God and of our
various governments. I have served my country, paid my taxes, worked hard,
volunteered and donated my fair share of money, time and artifacts.

Today, as I approach my 79th birthday, I am heart-broken when I look at my
country and my government. I shall only point out a very few things
abysmally wrong which you can multiply by a thousand fold. I have calculated
that all the money I have paid in income taxes my entire life cannot even
keep the Senate barbershop open for one year! Only Heaven and a few
tight-lipped actuarial types know what the Senate dining room costs the
taxpayers. So please, enjoy your haircuts and meals on us.

Last year, the president spent an estimated $1.4 billion on himself and his
family. The vice president spends $ millions on hotels. They have had 8
vacations so far this year! And our House of Representatives and Senate have
become America's answer to the Saudi royal family. You have become the
"perfumed princes and princesses" of our country.

In the middle of the night, you voted in the Affordable Health Care Act,
a.k.a. "Obama Care," a bill which no more than a handful of senators or
representatives read more than several paragraphs, crammed it down our
throats, and then promptly exempted yourselves from it, substituting your
own taxpayer-subsidized golden health care insurance.

You live exceedingly well, eat and drink as well as the "one percenters,"
consistently vote yourselves perks and pay raises while

making 3.5 times the average U.S. individual income, and give up nothing
while you (as well as the president and veep) ask us to sacrifice due to
sequestration (for which, of course, you plan to blame the Republicans,
anyway).

You understand very well the only two rules you need to know - (1) How to
get elected, and (2) How to get re-elected. And you do this with the aid of
an eagerly willing and partisan press, speeches permeated with a certain
economy of truth, and by buying the votes of the greedy, the ill-informed
and under-educated citizens (and non-citizens, too, many of whom do vote)
who are looking for a handout rather than a job. Your so-called "safety net"
has become a hammock for the lazy. And, what is it now, about 49 or 50
million on food stamps - pretty much all Democratic voters - and the program
is absolutely rife with fraud with absolutely no congressional oversight?

I would offer that you are not entirely to blame. What changed you is the
seductive environment of power in which you have immersed yourselves. It is
the nature of both houses of Congress which requires you to subordinate your
virtue in order to get anything done until you have achieved a leadership
role. To paraphrase President Reagan, it appears that the second oldest
profession (politics), bears a remarkably strong resemblance to the oldest.

As the hirsute first Baron John Emerich Edward Dalberg Acton (1834 - 1902),
English historian and moralist, so aptly and accurately stated, "Power tends
to corrupt, and absolute power corrupts absolutely. Great men are almost
always bad men." I'm only guessing that this applies to the female sex as
well. Tell me, is there a more corrupt entity in this country than Congress?

While we middle class people continue to struggle, our government becomes
less and less transparent, more and more bureaucratic, and ever so much more
dictatorial, using Czars and Secretaries to tell us (just to mention a very
few) what kind of light bulbs we must purchase, how much soda or hamburgers
we can eat, what cars we can drive, gasoline to use and what health care we
must buy. Countless thousands of pages of regulations strangle our
businesses costing the consumer more and more every day.

As I face my final year, or so, with cancer, my president and my government
tell me "You'll just have to take a pill," while you, Senator, your
colleagues, the president, and other exulted government officials and their
families will get the best possible health care on our tax dollars until you
are called home by your Creator, while also enjoying a retirement beyond my
wildest dreams, which of course, you voted for yourselves and we pay for.

The chances of you reading this letter are practically zero as your staff
will not pass it on, but with a little luck, a form letter response might be
generated by them with an auto signature applied, hoping we will believe
that you, our senator or representative, has heard us and actually cares.
This letter will, however, go online where many others will have the chance
to read one person's opinion, rightly or wrongly, about this government, its
administration and its senators and representatives.

I only hope that occasionally you might quietly thank the taxpayer for all
the generous entitlements which you have voted yourselves, for which, by
law, we must pay, unless, of course, it just goes on the $17 trillion
national debt for which your children and ours, and your grandchildren and
ours, ad infinitum, must eventually try to pick up the tab.

My final thoughts are that it must take a person who has either lost his or
her soul, or conscience, or both, to seek re-election and continue to
destroy this country I deeply love and put it so far in debt that we will
never pay it off, while your lot improves by the minute, because of your
power. For you, Senator, will never stand up to the rascals in your House
who constantly deceive the American people. And that, my dear Senator, is
how power has corrupted you and the entire Congress. The only answer to
clean up this cesspool is term limits. This, of course, will kill the goose
that lays your golden eggs. And woe be to him (or her) who would dare to
bring it up.

I personally, and I would hope that all others may follow, will never again
vote for any incumbent. Mayor, Council, Senate, Congress, or President
included. Even if it means voting outside of party lines. If you can't vote
for term limits, We the People, certainly can. If all sitting politicians
are voted out, maybe the new incomers will get the hint. In just two short
election periods, you could all be replaced. Maybe then, we could focus on
real issues and not self-proclaimed entitlements.

Sincerely,
Bill Schoonover

3096 Angela Lane

Oak Harbor, WA 98277
 
Quote from Ricter:

How would you measure this? (Analysis, not anecdote, please.)

I'd start with the socialize the losses but privatize the profits behavior our government has exhibited in the last 5 years.
 
Quote from FortuneTeller:

In this thread you tell people to put their money in a commie Russian bank and evade American tax laws. You are a criminal. If you actually believe Russia is less communist than the USA, then you have a mental problem. Good luck overcoming your criminal tendencies while being mentally challenged.

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Quote from Tsing Tao:

See my edit.

For example, the number 1 Russian bank Sberbank, will not comply with new US/IRS reporting laws. It just won't. Nor will any of those in the top ten. No trouble at all to use those.

That's strange - I spent the last two years as a IT consultant helping banks comply with FATCA. Sberbank is our customer and is ready to comply with FATCA. Sberbank has also put out multiple press releases about their compliance and has further urged the Russian government to to speed-up accession to FATCA by January 2014

http://www.1prime.biz/news/_Russias.../0/{132C4AF9-4F54-4E3E-9AE9-26FAD3BEE844}.uif

Bottom line: Every major bank world-wide is currently positioned to comply with FATCA. As a customer it will be difficult to avoid it unless you only use non-traditional banking.
 
Quote from Tsing Tao:

I'd start with the socialize the losses but privatize the profits behavior our government has exhibited in the last 5 years.
I put that in the crony capitalism category, not socialism.

Anyway, where's the data? Government spending as a percentage of GDP? Per capita social welfare spending? Gini coefficient for context? Etc.
 
Quote from gwb-trading:

That's strange - I spent the last two years as a IT consultant helping banks comply with FATCA. Sberbank is our customer and is ready to comply with FATCA. Sberbank has also put out multiple press releases about their compliance and has further urged the Russian government to to speed-up accession to FATCA by January 2014

http://www.1prime.biz/news/_Russias.../0/{132C4AF9-4F54-4E3E-9AE9-26FAD3BEE844}.uif

Bottom line: Every major bank world-wide is currently positioned to comply with FATCA. As a customer it will be difficult to avoid it unless you only use non-traditional banking.
That makes it hard enough to avoid compliance for the sake of one's cash alone, not even considering other assets.
 
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