[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Taxes (was: Where is the Futures Industry Headed?)



PureBytes Links

Trading Reference Links

I thought if someone gave up their citizenship they didnt pay that anymore
when living abroad? Anyone confirm or deny this?

----- Original Message -----
From: Simon Campbell <s.campbell@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, May 22, 2000 10:49 AM
Subject: Re: Taxes (was: Where is the Futures Industry Headed?)


> Conrad,
>
> What do you think of an American that gets a job offer abroad, moves there
> with their family, and pays full tax to their new home and who becomes a
> legal permanent resident there?  They have no assets, no business and no
> income in the US.  They've made their permanent home abroad, their kids go
> to school there, and they have no plans to ever return to the
> U.S.  Clearly, this person does not benefit whatsoever from any of the
> services provided by the US government.  Their benefits stem exclusively
> from their new country, where they are happy to pay tax.
>
> Can you explain why that person should be forced to keep paying tax to the
> United States?  Can you honestly justify why they should?  My wife is one
> such American (thankfully I am not) and everytime she writes a check on
> April 15th to the US govt, you have no idea how furious she is!  She goes
> to work with Australians, Brits and other other foreigners and NONE of
them
> have to file and pay their home countries when they don't live there.
Yes,
> I can honestly say that she *shouldn't* pay any tax to the US.  And no, I
> do not consider this to be an extremist view!
>
> The United States of America is the ONLY country in the world that levies
> it's tax system on it's citizens after they've permanently moved
> abroad.  Most countries only apply taxation on their people when they live
> in that country (kinda makes sense wouldn't you say?).
>
> It's out and out FASCIST to demand tax from citizens when they don't live
> and work in the country anymore.  Gee, what an priviledge to "belong" to
> the land of the free!  What's the expression used? "your ass belongs to
me"
> ?!  In case you bring up double-taxation treaties ....they only only
exempt
> about $75,000.  So, if you "rich" enough to earn more than that, you must
> pay.  Please, if you can tell me what my Swiss resident wife receives her
> US tax ...pray do tell me ...perhaps I'm missing something?
>
> There is nothing justifiable about this policy whatsover.  It is mindless,
> stupid and fascist.  It is evidence of an agency (the IRS) that is
> completely and totally out of control.  The most pissed off Americans
don't
> live in America, they live abroad! Anyone this "trusting" in an
orgnisation
> that sees fit to extend itself in this manner is a fool.
>
> Oh yea, my wife was having 44% grabbed from her monthly wage check when
> living in the US (by the time you added up the 33 different taxes).  Now
> she gets 20% taken out.  Guess what ... the public schools, the roads, and
> public transport are all BETTER in Switzerland.  Go figure.
>
> Therefore, I'll give you the system you asked for:
> Eliminate your federal government as is stands and replace it with a few
> officials in charge of national defence and a few other miscellaneous
> things (with power only to raise 10% of taxes).  Let the States run
> everything including raising 90% of all taxes.  But here's the most
> important part of all: invite the Swiss to come over and run all the 50
> States.  Let's face it, even with the best "system" in place, American
> politicians would only screw things up again.  Swiss politicians and
> officials in government and Americans running business and
> enterprise.  Now, there's a country to die for!
>
> Simon.
>
> At 07:50 22/05/2000 -0500, you wrote:
> >If you say you don't owe taxes I say BS unless you have a legal
> >loophole.  Oh, you can convince yourself of just about anything.
> >
> >If you say you *shouldn't* owe taxes tell me how you would structure our
> >society of 250 million people without it.  Tell me what the system (or
> >lack thereof) would look like.
> >If I like it I might even vote for you if you run!
> >Conrad Bowers
> >
> >
> >
>