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Actually so their heirs could avoid the inherence tax cuz they be cold
stone dead. I don't know if that law included the heirs seems that it would.
Robert
At 07:33 PM 5/22/00 -0500, robert.cummings@xxxxxxxxxxxxxxxx wrote:
>This is how I read the law are actually it was told to me by an attorney.
>Many people were leaving the US that had major estates to avoid inherence
>tax. The IRS said well if any American gives up their US citizenship to
>avoid paying taxes you can never return. So the 180 days might have been
>true once but no more. You can't get a pass port to return to the US
>ever. But there are other ways other than major airports to get here.
>
>Robert
>
>
>
>
>
>At 07:30 PM 5/22/00 -0700, [ tradergirl ] wrote:
>>Can you elaborate on me giving up my US Citizenship, and allowed to spend
>>180 days in the USA each year? How can I do this? I just come on in and
>>say I am going to spend 6 months?
>>
>>?
>>
>>
>>
>>----- Original Message -----
>>From: "Ron Augustine" <RonAug@xxxxxxxxxxxxx>
>>To: <omega-list@xxxxxxxxxx>
>>Cc: <s.campbell@xxxxxxxxxxx>
>>Sent: Monday, May 22, 2000 9:06 AM
>>Subject: Re: Taxes (was: Where is the Futures Industry Headed?)
>>
>>
>> >
>> > You're right, it's not fair -- but such are the ways of a confiscatory tax
>> > system that is out of control.
>> >
>> > Her best option would be to give up her U.S. citizenship -- why pay for
>> > something that you don't need or want or plan to use. She would still be
>> > able to spend 180 days in the U.S. each year if she wanted to.
>> > ______________________________________
>> > At 05:49 PM 05/22/2000 +0200, you wrote:
>> > >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.
>> >
>> >
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