The premise of the question, 'will you still stay here if the tax rate hits 90%,' was so far removed from reality that I assumed it was rhetorical. One doesn't normally answer rhetorical questions. Regardless, my answer is the same. The proper response by an American citizen unhappy with a 90% tax rate is to peacefully protest, organize and vote out the responsible officials. That's the American way. Fleeing is not.
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For all the crybabies: Why not say "FU IRS" and leave the US?
- Thread starter makloda
- Start date
The premise of the question, 'will you still stay here if the tax rate hits 90%,' was so far removed from reality that I assumed it was rhetorical. One doesn't normally answer rhetorical questions. Regardless, my answer is the same. The proper response by an American citizen unhappy with a 90% tax rate is to peacefully protest, organize and vote out the responsible officials. That's the American way. Fleeing is not.
Quote from jamis359:
The premise of the question, 'will you still stay here if the tax rate hits 90%,' was so far removed from reality that I assumed it was rhetorical. One doesn't normally answer rhetorical questions. Regardless, my answer is the same. The proper response by an American citizen unhappy with a 90% tax rate is to peacefully protest, organize and vote out the responsible officials. That's the American way. Fleeing is not.
Peaceful protest has never accomplished anything.
What good is voting out the responsible officials when the new boss is the same as the old boss?
The American thing to do would be to start a revolution.
Quote from especulator:
âPatriotism is supporting your country all the time, and your government when it deserves it.â - Mark Twain
BS, if you will support your country without any basis on law, reality, its people,etc then what is your love based on?A random event that made you be born there?
twain just bought on the propaganda spread by policiticans so they keep getting people to enlist in the army
Quote from jamis359:
This should be renamed the "cut and run" thread. I'm born American, proud to be American, and will die an American. If America has to raise my taxes in order to remain solvent, strong and free, then I will do my duty and pay them. Patriotism isn't just saluting the flag, it's also pitching in helping your country when she needs help.
Here here.
Quote from makloda:
Hmmm There must be some loophole. I know somebody with a Canadian passport that now lives outside of Canada. He was able to keep his Canadian passport and does not have to pay taxes in Canada, as he "severed all ties" in Canada. I.e. no more bank accounts, no credit cards, no car, no real estate etc. in Canada. I remember he told me there was a lot of paperwork involved with this procedure. He can visit Canada regularly as long as he stays less than 180 days a year, as he has family there.
He pays (very low) taxes in Europe and doesn't remit a single cent to Canada.
I don't get it.
If he still has a Can. passport, he's still a Can. citizen, right? A citizen is (or at least should be) allowed to remain in his/her country for as long as he/she likes or lives. I suspect this 180 days ban is job related.
Yes, still Canadian citizen. This is related to the "sever all ties to Canada" though.Quote from 9999:I don't get it.
If he still has a Can. passport, he's still a Can. citizen, right? A citizen is (or at least should be) allowed to remain in his/her country for as long as he/she likes or lives. I suspect this 180 days ban is job related.
If you "maintain a presence" in Canada you will have to pay taxes on worldwide income. If you "sever all ties", you can get around it from what I understand. That includes "residential ties".
http://www.escapeartist.com/efam/86/canada_tax.html
FYI... the IRS requires taxes for a period of 10 years after renouncing US citizenship. And Americans living abroad are only exempt from the first $80k in income.
The bottom line is: All Americans anywhere in the world must pay taxes to the US government. If you don't.. you are a criminal and subject to US laws. Advise: pay your taxes or pay a lot of lawyers and stay out of the USA for the rest of your life. Even billionaire Marc Rich is afraid to step foot in the US... even with friends like Bill and Hillary.
The bottom line is: All Americans anywhere in the world must pay taxes to the US government. If you don't.. you are a criminal and subject to US laws. Advise: pay your taxes or pay a lot of lawyers and stay out of the USA for the rest of your life. Even billionaire Marc Rich is afraid to step foot in the US... even with friends like Bill and Hillary.
Quote from BeTheSparrow:
FYI... the IRS requires taxes for a period of 10 years after renouncing US citizenship. And Americans living abroad are only exempt from the first $80k in income.
The bottom line is: All Americans anywhere in the world must pay taxes to the US government. If you don't.. you are a criminal and subject to US laws. Advise: pay your taxes or pay a lot of lawyers and stay out of the USA for the rest of your life. Even billionaire Marc Rich is afraid to step foot in the US... even with friends like Bill and Hillary.
and you thought being American you were born free...
"P.L. 104-191 contains changes in the taxation of U.S. citizens who renounce or otherwise lose U.S. citizenship. In general, any person who lost U.S. citizenship within 10 years immediately preceding the close of the taxable year, whose principle purpose in losing citizenship was to avoid taxation, will be subject to continued taxation."Quote from BeTheSparrow:FYI... the IRS requires taxes for a period of 10 years after renouncing US citizenship. [...] All Americans anywhere in the world must pay taxes to the US government.
http://travel.state.gov/law/citizenship/citizenship_778.html
Burden of proof is probably on the IRS to determine the "principle purpose".
I'd caution anyone into believing things 'cant be done', its amazing how often people say that without any info just because they dont know/cant
George Soros is a multibilionarie and found loopholes to compound his wealth tax free(though he pays taxes on the portion he eventually spends) through Curacao structures. The guy is costing the IRS hundreds of millions every year and yet the loopholes stays there and he is not in jail
George Soros is a multibilionarie and found loopholes to compound his wealth tax free(though he pays taxes on the portion he eventually spends) through Curacao structures. The guy is costing the IRS hundreds of millions every year and yet the loopholes stays there and he is not in jail