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babylonsister (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:07 PM Original message |
More American Expatriates Give Up Citizenship |
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ZeitgeistObserver (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:11 PM Response to Original message |
1. I find the renunciation interesting. |
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Xipe Totec (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:22 PM Response to Reply #1 |
2. It's all about the money |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:23 PM Response to Reply #2 |
3. It only is an issue that affects high earners |
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FreakinDJ (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:37 PM Response to Reply #3 |
6. Not True |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:43 PM Response to Reply #6 |
7. Interesting. I didn't know that |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:56 PM Response to Reply #2 |
10. How do we know this has to do with Taxes? Some people are leaving because they fear corporate rule |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:11 PM Response to Reply #10 |
14. You can leave without renouncing citizenship |
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clemoni (6 posts) Send PM | Profile | Ignore | Mon Apr-26-10 04:53 AM Response to Reply #10 |
34. US has higher direct Income tax than most of the countries. |
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malaise (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:59 PM Response to Reply #2 |
12. Not true |
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Xipe Totec (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:09 PM Response to Reply #12 |
13. And they waited until now? |
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malaise (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:46 PM Response to Reply #13 |
24. They both did it ages ago |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:22 PM Response to Reply #2 |
31. It's about that everywhere else is better than being in the U.S. |
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clemoni (6 posts) Send PM | Profile | Ignore | Mon Apr-26-10 05:05 AM Response to Reply #31 |
38. cound not agree more |
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mwooldri (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:14 PM Response to Reply #1 |
15. UK *definitely* has a formal renunciation process. |
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ZeitgeistObserver (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:10 PM Response to Reply #15 |
28. My s-i-l is a Brit with Canadian citizenship. |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:35 PM Response to Reply #1 |
20. Most other countries don't claim the right to tax citizens who live abroad |
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stray cat (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:30 PM Response to Original message |
4. can we get them to give the green card to someone who wants it? |
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clemoni (6 posts) Send PM | Profile | Ignore | Mon Apr-26-10 04:46 AM Response to Reply #4 |
33. ridiculous |
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FreakinDJ (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:32 PM Response to Original message |
5. Because of the Tax Code |
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ProgressiveProfessor (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:43 PM Response to Reply #5 |
8. Additionally, the US is the only nation taxing W-2 type income earned overseas |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:45 PM Response to Reply #8 |
9. I don't get it |
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mwooldri (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:18 PM Response to Reply #9 |
16. Sounds about right.... |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:38 PM Response to Reply #9 |
21. Correct, but if you don't file on time... |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:43 PM Response to Reply #21 |
22. Well, you get an automatic 2 month extension or so. :) |
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anigbrowl (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:10 PM Response to Reply #22 |
29. well yeah. I just mean most countries don't even bother taxing expatriates |
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ProgressiveProfessor (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:06 PM Response to Reply #9 |
26. Its not quite that simple, and we had MD come after us for not filing even though we no longer |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:09 PM Response to Reply #26 |
27. Gotcha |
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clemoni (6 posts) Send PM | Profile | Ignore | Mon Apr-26-10 05:04 AM Response to Reply #9 |
37. alternative minimum tax, indirect taxation and justice |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 04:58 PM Response to Reply #5 |
11. Seriously? If you move your retirement (legally) to another country you get taxed? |
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mwooldri (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:23 PM Response to Reply #11 |
17. If it's taxable income - yes. |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:26 PM Response to Reply #17 |
18. But you could rent for 1 year in the states, withdrawl, and move back, right? |
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FreakinDJ (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 07:05 PM Response to Reply #11 |
32. Yes SERIOUSLY - you get Taxed twice |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:29 PM Response to Original message |
19. I just find the idea of that very sad. |
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Oregone (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:44 PM Response to Reply #19 |
23. Id drop it like a bad habit if the US tried to draft me |
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Canuckistanian (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 05:49 PM Response to Original message |
25. Cutting the ties to your home country like that must be wrenching |
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clemoni (6 posts) Send PM | Profile | Ignore | Mon Apr-26-10 04:58 AM Response to Reply #25 |
35. believe me it is sad for them too |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Sun Apr-25-10 06:22 PM Response to Original message |
30. Fine by me. If they choose not to participate in the democracy. |
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clemoni (6 posts) Send PM | Profile | Ignore | Mon Apr-26-10 04:59 AM Response to Reply #30 |
36. selfish |
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