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originally posted by: Bluesma
originally posted by: veracity
a reply to: grainofsand
i do not work overseas so it does not affect me, however, i would probably be pretty pissed of if my home, work and life were overseas and I still had to pay taxes in another country. Why wouldnt someone renounce citizenship? it seems like a no-brainer to me.
Like I said, i am not privy to this situation so i do not know much.
- Because once they put these Laws in place (FATCA), they saw a rise in people renouncing citizenship overseas, so they placed a fee of over two thousand dollars to renounce, and obligation to pay taxes from the last five years (before FATCA).
So it is very costly ) between the fee and the fees you pay for a lawyer to prepare, and you still have to pay a huge amount in back taxes.
They also created a US Person term- so that even people who are nto american, but might have some affiliation with an American, are obligated to pay taxes. My husband has to file because he is married to me (has never lived in the US, does not have a green card or american citizenship...). My kids girlfriends and boyfriends count also as US Persons.
Because the US has made it obligatory for foreign banks to report all US person clients, many (or most) banks are refusing to take american clients. We had already been clients at our bank for twenty years when this went into effect, so they kept us, but it is now turning away all new american clients.
In this country, (France) it is a huge obstacle, because of the system. You cannot pay things like rent in cash- it must be wired from a bank account. You do not receive a pay check if you work- you must have a bank account to which you pay shall be wired.
In short, no bank account, no job, no home. Period.
originally posted by: grainofsand
a reply to: bigfatfurrytexan
Pity the OP bailed on his thread ages ago, I would have been interested in his response.
originally posted by: veracity
a reply to: bigfatfurrytexan
Then dont consider it a "forced charity".
Consider it the price you pay to make America strong
Im sure God and Jesus would prefer free healthcare for his children over given charity here and there.
Who cares who judges you if you do not donate to charity. Tell them "I support their healthcare, what do you do?"
Chances are they do not support their healthcare so you can judge them as a low life scum if you want...but who are we to judge, huh?
originally posted by: FuggleHop
a reply to: grainofsand
Well did you know what i meant? Then it doesnt matter how its spelled.