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Sure, 600 million Americans who live abroad, are doing it to evade tax. Not like theres any other big reasons like the most gun deaths in the developed world, or the country with the most rapes world over, and the country where obviously most of your tax goes toward killing millions of innocent men, women, children worldwide.
pstrron
OP it would be nice if you could provide those of us that can not view the videos a run down on them. However, in regards to;
Peter Schiff: US Makes Leaving A lot More Expensive and Forces Many To Renounce Citizenship Economy
0:00so you ready for this Americans renouncing their citizenship in record
0:03numbers is the US cracks down on global tax evaders
0:07those tough new laws are aimed at recovering the almost $100 billion
0:10dollars the US government says it loses in unpaid taxes every year but
0:15is it just forcing Americans out love the country Peter Schiff is CEO and
0:20chief global strategist
0:21for Euro Pacific Capital and he joins us now
0:25which is it I i mean it seems like this might not be the best thing for the
0:28government to be doing or is it
0:30I think it's a terrible thing that they're doing and it's a disturbing
0:34trend is going to continue
0:36you know the government is making it very difficult for Americans who happen
0:39to be living and working aboard
0:41abroad to function a lot of people are having to give up their US citizenship
0:46even though they prefer to retain that but it's not just ex-patriots you know
0:50even if you're living in America you want to bank abroad no I own an offshore
0:54bank
0:55I won't accept American customers at my bank
0:58because I don't want to be subjected I to the
1:01enormous expanse that I would incur if I try to accommodate
1:05a US customers the the fact that people are giving up their citizenship I think
1:10the numbers approaching almost 2,000 is anyone taking note other than the
1:13network in a few the news organizations city when the government saying we need
1:17to rethink this
1:18well I doubt it I mean I think the government is deliberately trying to
1:22prevent
1:23Americans from leaving the country I think they're gonna make it much more
1:26difficult
1:27in the future that it is today both to get out of the country or to get your
1:31money out of the country
1:32you know there's a form that you have to fill out in order to renounce your
1:36citizenship
1:37and up until a few years ago the form was free
1:40now it costs five hundred dollars just to get the four
1:44to give up your citizenship I mean who knows what that form a cost in the
1:47future
1:48maybe it'll cost five thousand dollars maybe ten thousand dollars they already
1:51have big exit penalties if you're wealthy
1:54if you have a lot about assets and you want the privilege of no longer being an
1:58American citizen
1:59you're gonna have to pay a lot of money for that but it really tells you
2:02something
2:03that now an American citizenship incentive you know a badge of honor
2:07is like an albatross around your neck and people are willing to pay huge sums
2:11of money
2:12not to have to be an American citizen that is a very troubling development you
2:16would
2:16went went went in countries are trying to iight build the wall
2:20to keep their people in there's there's reasons for that
2:23and instead of examining why people want to escape and changing of policies
2:28I they're just trying to prevent people from leaving their profile love the
2:31average person who has renounced their citizenship in this predicament what do
2:35they look like I me know they like you and me are they very well
2:38where they like you are they extremely well fear they were like me more
2:41middle-class by New York standards but middle-class
2:43well I think a lot of people who are expatriates who are giving up their
2:47citizenship our middle class and they just can't even afford
2:51are the complexity of filing our return
2:54while living off shore they're having trouble with bank accounts with
2:57insurance policies
2:58getting home mortgages so it's just their lives are difficult but I think
3:02over time
3:03more and more entrepreneurs young people who
3:06wanna make something of themselves into final a lot more difficult to do it here
3:10because other taxes and the regulations they're gonna wanna leave and I think a
3:14lot of americans are want to get their money
3:16how to the US because so the inflation that I see coming in the weakness in the
3:19dollar
3:20and the US government is gonna try to find ways
3:23to mitigate that by making it more difficult for Americans
3:26Arctic to get out the country either physically or get their money out
3:30alright Peter Schiff we appreciate you joining us to discuss this issue it's
3:34not going away anytime soon thank you
teslahowitzer
reply to post by Wrabbit2000
I would second guess Belize, Very corrupt government and police, some of the crap they do is crazy. The government swears this is for the drug dealers and terrorists, But all banks make it difficult to get your own money and the police want it all. They think that you do not need it and they are the government, strange times indeed.....
gardener
Sure, 600 million Americans who live abroad, are doing it to evade tax.
pstrron
OP it would be nice if you could provide those of us that can not view the videos a run down on them. However, in regards to;
Sure, 600 million Americans who live abroad, are doing it to evade tax. Not like theres any other big reasons like the most gun deaths in the developed world, or the country with the most rapes world over, and the country where obviously most of your tax goes toward killing millions of innocent men, women, children worldwide.
To add to the list, there is:
* Better cost of living ratio.
* Better product selection.
* Less government intrusion.
* Business friendly environment.
* You can actually own your home and land (gov has no rights to any of it).
* LEO's are kind, courteous and helpful.
* Taxation is reasonable and the GST is already built in the price stated. No BS taxes add at the checkout counter.
The list goes on and on but I'm sure you get the picture. I know that people are fed the line that the US is the greatest place on earth. I guess it is for those that have never been anywhere or lived in other countries and simply don't know any better. When the POTUS, the media and MSN have to constantly tell you how much freedom you have, it just means you don't have any. I do not need a passport or travel ID to get on a domestic flight, bus, train or vessel. There is no TSA, NSA or other ABC outfit telling me what I can and cannot do.
If the government is telling the public that American's are leaving for tax evasion, well as usual they are lying out their arse. It's about a better life, better standard of living and less hassles.
Where are the places we can own homes and land as you speak of? I want to get away from the LOT RENT insanity that is property taxes in the U.S. eventually. Also, who are LEOs?