Special Report: Tax time pushes some Americans to take a hike

Quote from Tsing Tao:

When I worked in Eastern Europe, I ran into quite a few Americans that had gone "off the reservation" in regards to taxes. They simply ignored the requirements - many because they knew where they worked reporting nothing to the IRS. If I were them, I'd also renounce.

In Russia, for instance, the flat tax rate was 13% (dont know if it still is). And that's if you get paid a "white" salary, not a black one that the authorities cannot track.
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That kind of freedom must feel pretty good!
 
Quote from Free Thinker:

1800 people renounce a year. big deal. how many thousands more came in?
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Not such a big deal. The point is, if you're overseas and have no plans on returning to the US, then there is the option to renounce if you have means to stay in another country. The filing and tax headache is not worth it if you have no plans on going back. If you're self-employed in another country, you're also liable for the SE tax if you are in a country that doesn't have a treaty with the US. Not worth it at all if you're not planning on living in the US in the future.
 
In Russia, for instance, the flat tax rate was 13% (dont know if it still is). And that's if you get paid a "white" salary, not a black one that the authorities cannot track.
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same in US..isn't? take any garage or small contractor for example.
 
Quote from sttrader:

Not such a big deal. The point is, if you're overseas and have no plans on returning to the US, then there is the option to renounce if you have means to stay in another country. The filing and tax headache is not worth it if you have no plans on going back. If you're self-employed in another country, you're also liable for the SE tax if you are in a country that doesn't have a treaty with the US. Not worth it at all if you're not planning on living in the US in the future.
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Few renounce unless they have the wherewithal to do so (financially, etc). Of those coming in...well, let's just say they are more likely "mouths to feed" and not bread winners.
 
Quote from Bob111:

same in US..isn't? take any garage or small contractor for example.
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You're not getting it. The last year I was in Russia (2006) the amount of people paying the income tax (even though it was flat at 13%) was just a tad over 50%. That mean that almost half of the people employed was avoiding the tax because of pay structure. All of the expats I knew save two - two because they worked for multi nationals and were only there for a few years - and all of the Russians I knew except for those I paid (again, multi national) were being paid "black" salaries. My wife is a perfect example. For her, her "white" salary was put at $200 a month. But she really got $4,000 a month.

the amount of people working under the table (black salary) in the states is less than 1%.
 
Quote from Tsing Tao:

Oh, no...can't come back. And why would they care about that, again? Most of them haven't been back in over a decade and could care less about the US.
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it's all good and may work for someone without relatives in US.you don't have to explain the 'benefits' to me. i have both. russian and us.
 
Quote from Bob111:

it's all good and may work for someone without relatives in US.you don't have to explain the 'benefits' to me. i have both. russian and us.
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If you have russian citizenship, then why the hell are you making me explain the black and white salaries or the tax structure to you? You just want to waste my time, durok?
 
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