Replies

If you are a US citizen and leave the US, you are subject to income taxes for 10 (?) years. You must pay your taxes regardless of where you live, where you make money, and where you park your money.

Or else?

Or else?

You become a criminal in the eyes of the US federal government. Keep in mind that most countries we would consider living in share bank data with the US government.

The concept that you can pick up your money and move it without leaving a trail is outdated. Heck, even the Swiss banks are caving to the feds.

Once they find your money, and you, you are subject to confiscatory penalties and jail time. Assuming you are dealing with banks/governments that have agreements with the US, you don't get to write a check. They can freeze your money and make you come to them.

45 posted on 04/12/2010 8:40:20 AM PDT by laxcoach (Government is greedy. Taxpayers who want their own money are not greedy.)

Or else nothing if you stay overseas. Come back to the US to visit your relatives and they can arrest you for tax evasion.

50 posted on 04/12/2010 8:41:38 AM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)