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Thread: Tax time pushes some Americans to take a hike

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    Tax time pushes some Americans to take a hike

    Tax time pushes some Americans to take a hike - Yahoo! Finance

    If you decided to give up your citizenship and move to another country, which one would it be?

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    I would not leave the US, I would owe up to my responsibility.

    "The decision by the IRS to publish the names is referred to by lawyers as "name and shame." That's because those who renounce are seen as willing to give up their citizenship primarily for financial reasons.

    There's also an "exit tax" for the very rich who choose to leave. During the last 25 years, a number of millionaires and billionaires have renounced their citizenship. Among them: Ted Arison, the late founder of Carnival Cruises, and Michael Dingman, a former Ford Motor Co. director.

    But those of more modest means renounce, too. They say leaving America is about more than money; it's about privacy and red tape."

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    Senior Member Ticia's Avatar
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    Most countries have a non-resident clause so you won't have to file back home but you don't give up citizenship.

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    Quote Originally Posted by Ticia View Post
    Most countries have a non-resident clause so you won't have to file back home but you don't give up citizenship.
    Isn't that cheating?

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    Veteran Member Devil505's Avatar
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    Middle Class Taxes at Historic Lows
    By Mike Lillis 4/15/10 10:13 AM
    It’s tax day, meaning there will be no end to the rhetorical grandstanding from conservative lawmakers about how the Democrats’ “tax-and-spend” policies are stifling the economy and preventing average folks from achieving the American Dream.
    Conveniently, they will ignore these new numbers from the Tax Policy Center, a joint project of the nonpartisan Urban Institute and Brookings Institution, which found that, however you slice them, federal taxes on the median middle-class family are just about at five-decade lows.
    This year, the Making Work Pay tax credit, which President Obama and Congress enacted as part of the 2009 American Recovery and Reinvestment Act, is providing a credit of $800 to married joint filers ($400 to single filers). A median-income family with two children thus will receive an $800 tax cut in the return it files this year.
    Middle Class Taxes at Historic Lows | The Washington Independent

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    Senior Member Ticia's Avatar
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    Quote Originally Posted by sparty View Post
    Isn't that cheating?
    No, since you pay taxes in the country you're working at.

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    Cat-tastic Babba's Avatar
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    Quote Originally Posted by meridian5455 View Post
    Tax time pushes some Americans to take a hike - Yahoo! Finance

    If you decided to give up your citizenship and move to another country, which one would it be?
    Canada or one of the Scandinavian countries.

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    Quote Originally Posted by Babba View Post
    Canada or one of the Scandinavian countries.
    Canada, since I speak half of the language. But I'll be damned if I'm letting them put curds and gravy on my goddamn Freedom Fries!!!!

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    Quote Originally Posted by Koios View Post
    Canada, since I speak half of the language. But I'll be damned if I'm letting them put curds and gravy on my goddamn Freedom Fries!!!!
    I'll go along with that! But when I lived in and visited Canada they put malt vinegar on fries and that is quite delicious.

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    SWED Missle Command Champion johnflesh's Avatar
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    Quote Originally Posted by meridian5455 View Post
    Tax time pushes some Americans to take a hike - Yahoo! Finance

    If you decided to give up your citizenship and move to another country, which one would it be?
    That is easy, Canada.

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