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Old 08-15-2009, 12:16 PM
 
35,016 posts, read 39,141,005 times
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Quote:
Originally Posted by ViewFromThePeak View Post
Lest I remind everyone ONCE AGAIN.

Even the most socialist countries in the world do not tax citizens for income made in their home country as well as abroad. The US is among the only countries other than Libya and a couple of other dirtbag areas that implement this draconian law. It's time to change that law so we aren't even more socialist than Europe.
? This isnt about taxation of declared income.
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Old 08-15-2009, 12:18 PM
 
Location: Thumb of Michigan
4,494 posts, read 7,479,293 times
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Quote:
Originally Posted by ViewFromThePeak View Post
Lest I remind everyone ONCE AGAIN.

Even the most socialist countries in the world do not tax citizens for income made in their home country as well as abroad. The US is among the only countries other than Libya and a couple of other dirtbag areas that implement this draconian law. It's time to change that law so we aren't even more socialist than Europe.
Yeah, i was talking to a guy from Yemen and he told me there's no tax on income, but there's not alot of things to show for, such as a fire department among other things. It wasn't a rosy picture that he painted, to say the least.
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Old 08-15-2009, 12:18 PM
 
Location: Raleigh, NC
9,059 posts, read 12,967,105 times
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Quote:
Originally Posted by delusianne View Post
? This isnt about taxation of declared income.
Same goes with capital gains made in foreign countries. Why do you think these funds are held out of Uncle Sam's reach?

The ones who were smart enough to deposit in a Swiss bank account without a US office cannot be touched.
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Old 08-15-2009, 12:19 PM
 
Location: Raleigh, NC
9,059 posts, read 12,967,105 times
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Quote:
Originally Posted by Blue Grass Fever View Post
Yeah, i was talking to a guy from Yemen and he told me there's no tax on income, but there's not alot of things to show for, such as a fire department among other things. It wasn't a rosy picture that he painted, to say the least.
Municipalities provide for fire departments. You can move to a town with only a volunteer dept.
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Old 08-15-2009, 12:23 PM
 
Location: Thumb of Michigan
4,494 posts, read 7,479,293 times
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Quote:
Originally Posted by delusianne View Post
WASHINGTON — A deal with Switzerland settling U.S. demands for the names of suspected tax dodgers from a Swiss bank has a lot of wealthy Americans with offshore accounts nervously running to their tax advisers — and the Internal Revenue Service.
***
The U.S. and Swiss governments announced a court settlement last week in efforts by the IRS to force Zurich-based UBS AG to turn over the names of some 52,000 Americans believed to be hiding nearly $15 billion in assets in secret accounts.
***
Even before the settlement, the high-profile case — coupled with other U.S. efforts to go after Americans hiding undeclared assets — has scared hundreds of tax dodgers to turn themselves in. Boggs said his firm has been taking on 100 new cases a month, a big increase over previous years.
***
..."I don't think you have much of a choice but to come forward. ... I think the landscape is permanently changed."
***
"We should have put a clampdown on these tax havens a long time ago".
***
President Barack Obama, in his proposed 2010 budget, asked Congress to pay for 800 additional agents, examiners and lawyers to go after people who hide money overseas. Obama also wants Congress to require overseas financial institutions doing business in the U.S. to share more information with the IRS.

The Associated Press: Tax dodgers scramble to come clean amid crackdown
I'm glad the Administration is doing this.

"Hey b*tches with the tax-havens, you'd just paid for my "free" health care insurance"!! (in best Rick James voice--) I got free health care, Biaaytch!!....

All kidding aside, those that stand to profit in the U.S. should at least be grateful to share the burden among hard times within the system in which they derived the wealth from.
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Old 08-15-2009, 12:24 PM
 
Location: Thumb of Michigan
4,494 posts, read 7,479,293 times
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Quote:
Originally Posted by ViewFromThePeak View Post
Municipalities provide for fire departments. You can move to a town with only a volunteer dept.
It was way beyond just a fire department in regards to the discussion we had....
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Old 08-15-2009, 12:25 PM
 
Location: Raleigh, NC
9,059 posts, read 12,967,105 times
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Quote:
Originally Posted by Blue Grass Fever View Post
It was way beyond just a fire department in regards to the discussion we had....
The fact you're using it as an example when talking about national tax rates is telling.
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Old 08-15-2009, 12:30 PM
 
Location: Thumb of Michigan
4,494 posts, read 7,479,293 times
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Quote:
Originally Posted by ViewFromThePeak View Post
They'll probably run to hard commodities such as gold, which is untraceable by Uncle Sam.
The fact you still talk about gold like it's the be-all end-all currency is telling.
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Old 08-15-2009, 12:31 PM
 
35,016 posts, read 39,141,005 times
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Quote:
Originally Posted by Blue Grass Fever View Post
I'm glad the Administration is doing this.

"Hey b*tches with the tax-havens, you'd just paid for my "free" health care insurance"!! (in best Rick James voice--) I got free health care, Biaaytch!!....

All kidding aside, those that stand to profit in the U.S. should at least be grateful to share the burden among hard times within the system in which they derived the wealth from.
Totally agree, especially with the Rick James!

I read someplace $15B but I dont know that that's what is hidden overseas now.
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Old 08-15-2009, 12:31 PM
 
Location: Raleigh, NC
9,059 posts, read 12,967,105 times
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Quote:
Originally Posted by Blue Grass Fever View Post
The fact you still talk about gold like it's the be-all end-all currency is telling.
I also said hard commodities. Obviously you can't house uranium in your basement, but anything real and tangible as the IRS cannot trace it.

Just think of gold as the tax free money.
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