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Old 04-06-2010, 03:44 PM
 
Location: Chicagoland
41,314 posts, read 39,496,708 times
Reputation: 7107

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More Americans Sever U.S. Ties as IRS Gets Tougher - WSJ.com

Quote:
The number of American citizens and green-card holders severing their ties with the U.S. soared in the latter part of 2009, amid looming U.S. tax increases and a more aggressive posture by the Internal Revenue Service toward Americans living overseas.

According to public records, just over 500 people world-wide renounced U.S. citizenship or permanent residency in the fourth quarter of 2009, the most recent period for which data are available. That is more people than have cut ties with the U.S. during all of 2007, and more than double the total expatriations in 2008.
Truly sad the anti-business tax and regulatory environment obama has created will force what seems a record number to give up their citizenship.

Quote:
"Everybody sees the tax rates are going up. At a certain point, it gets beyond people's pain threshold," said Anthony Tong, a tax partner at accounting firm PricewaterhouseCoopers in Hong Kong.
How else will we pay for his massive deficit spending?
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Old 04-06-2010, 03:46 PM
 
23,851 posts, read 19,796,172 times
Reputation: 9381
The tidbits add up. This President is not good for America at this point in history.
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Old 04-06-2010, 03:51 PM
 
Location: Highland, CA (formerly Newark, NJ)
6,183 posts, read 4,969,229 times
Reputation: 2150
Talk about selfish babies. They'll be back if they try going to Canada or Europe after they find out the government is even further left and taxes are higher. Spoiled brats...
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Old 04-06-2010, 03:52 PM
 
21,044 posts, read 19,512,504 times
Reputation: 5930
Quote:
Originally Posted by sanrene View Post
More Americans Sever U.S. Ties as IRS Gets Tougher - WSJ.com



Truly sad the anti-business tax and regulatory environment obama has created will force what seems a record number to give up their citizenship.



How else will we pay for his massive deficit spending?
A whole 500...no wonder rush hour is quieter!!!



America...pay your share or leave...good idea!!!!
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Old 04-06-2010, 03:53 PM
 
3,288 posts, read 3,966,804 times
Reputation: 816
Quote:
Originally Posted by AeroGuyDC View Post
Resiliency is a conservative principle.
Apparently not since conservatives are stating that rich conservatives are leaving due to higher taxes.
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Old 04-06-2010, 03:56 PM
 
Location: just here
1,773 posts, read 1,012,592 times
Reputation: 438
Let's take a look here:
Quote:
A minority of the recent expatriates are U.S. natives who have started a new life overseas. Most are people with family ties outside the U.S.: foreign professionals who acquired a green card while working in the U.S., or people who have received higher education in the U.S.
Keep in mind.....the tragic (snicker) number sanrene is so concerned about is a whopping....500 people.

And:
Quote:
Last month, the Treasury Department announced more rigorous requirements for Americans living abroad to report information on foreign bank accounts. The reporting requirement has been in place for years, but only in the most recent couple of years has the IRS gotten tough about enforcing penalties.
Did you read that Sanrene? So, this is nothing new.
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Old 04-06-2010, 03:56 PM
 
23,851 posts, read 19,796,172 times
Reputation: 9381
Quote:
Originally Posted by FinkieMcGee View Post
Apparently not since conservatives are stating that rich conservatives are leaving due to higher taxes.
I'm pretty sure business ownership transcends ideology.
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Old 04-06-2010, 03:57 PM
 
3,288 posts, read 3,966,804 times
Reputation: 816
Quote:
Originally Posted by AeroGuyDC View Post
I'm pretty sure business ownership transcends ideology.
I wouldn't argue. Rich conservatives are indeed amoral.
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Old 04-06-2010, 03:58 PM
 
1,038 posts, read 1,061,228 times
Reputation: 265
"An Ohio-born entrepreneur, now based in Switzerland, told Dow Jones he is considering turning in his U.S. passport. "

So they are renouncing their US citizenship to go live in... gasp, a socialist nation with universal health care. I wonder if sanrene is aware that in Switzerland you are mandated to buy health care insure. Did you even read the article sanrene?
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Old 04-06-2010, 03:59 PM
 
Location: OCEAN BREEZES AND VIEWS SAN CLEMENTE
19,899 posts, read 15,848,662 times
Reputation: 6453
Quote:
Originally Posted by AeroGuyDC View Post
The tidbits add up. This President is not good for America at this point in history.
The tidbits have started to really add up here. I question if this President is good for America, and truly what is his agenda.
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