Skip to comments.The Dark Road: The Worst Tax Law You've Never Heard About (effective July 1st)
Posted on 06/28/2014 11:11:55 AM PDT by TigerClaws
It broke Ruth Freeborns heart to give up her U.S. citizenship that fateful day last year. Unfortunately for the Oklahoma native, though, it was either that, or her family. Ruths Canadian husband of 33 years, who earns all of the middle-class familys income, simply could not go along with this situation, she explained. To find myself suddenly not able to live, bank, save or to keep peace in my marriage while being American at the same time was shocking at first and deeply disturbing to me.
Ruth wrote what must have been hundreds of letters to U.S. senators and officials, clinging to the hope that something anything could be done to stop what felt like a nightmare. Even as she protested, federal bureaucrats claimed that what was happening to her, and millions of other innocent Americans overseas, was somehow a myth. She knew it wasnt a myth after all, she was living it.
More than three decades ago, Ruth m
(Excerpt) Read more at thenewamerican.com ...
meanwhile millions and millions of illegals wait for their amnesty
Chase citizens away, herd illegals in. How long can a nation survive with such a scheme.
I’ve not understood how the US government has this much power over foreign financial institutions or governments.
But it sounds as if foreign banks are simply refusing to do business with Americans overseas, rather than comply with such complex disclosures and paperwork.
This reminds me of efforts which have been made, to get banks to stop doing business with gun businesses. It’s as if our government has decided that certain people are to be punished. In this case, Americans living overseas, living and doing business legitimately, are treated as if they have something to hide.
“Chase citizens away, herd illegals in. How long can a nation survive with such a scheme.”
Not long, but that is the plan.
The democrats know, and don’t care.
That’s BS giving up your citizenship. You need to be a building a .308 platform, and putting in the time at the range. That is what our forefathers would do.
What kills me are the Liberal "experts" who get all perplexed: "What? What are you talking about? There is no problem here. If you look at the official data, everything is great! The recovery has been going on for years now, there is no inflation, and the only reason immigrants are here is because we have work to do that American don't want to do. Everythign is great, but you refuse to admit it because you hate Obama because he's black."
What nation are you referring to? This one appears to be already dead.
The death rattles are everywhere these days
Failing and tyrannical countries often institute capital controls to trap their citizens’ funds. The US is doing this in an unusual way. Because the US economy is so powerful, and the dollar is a major international currency, the US Gov’t has used a two prong approach.
1) By making it so onerous to do business with US citizens, the gov’t has effectively trapped citizen funds within the US because few external banks/brokers will take US citizen accounts. This has all been done without mention of the phrase “capital controls.”
2) The other arm, in the name of suppressing tax cheats, is addressed in this article. The IRS has written regulations on out-of-country accounts which are incredibly complicated, intrusive, and confiscatory. Even if you can get someone to take your money overseas, the US gov’t can accuse you of some complex tax violation and seize a good portion of it through outrageous penalties.
The net effect of all this is that the only way out of the country is through dual citizenship, and then formal relinquishing of US citizenship. I love the US, and haven’t even thought of this for myself. But gaming the situation, and thinking about past history where people were trapped in a country that was cannabilizing itself (Germany, Russia at times), I’d like the option of legitimately keeping some money out of US control... and it’s being quietly and throroughly foreclosed.
This ought to alarm and anger just about anyone. Forget about the mythical 1% BS and think about what’s going on here.
I don't think it is any official or legal power, just intimidation. It is also starting to happen in other countries as well. We are all the property of our respective countries, but the shackels have been put on loosly so far. The will gradually tighten them, but it will be too late.
I’ve been saying for a while now that the Mexican who cross the border into the U.S. illegally, has no papers and no Social Security number, and works for cash may be the last free man in the United States of America.
Surely computer model show that our financial policies are insane and driving the country to ruin. Why don’t libs believe these models as much as their made-up climate models?
>>Surely computer model show that our financial policies are insane and driving the country to ruin. Why dont libs believe these models as much as their made-up climate models?
The RepubliCrat Party, the banks, the multinational corporations, and the actual 1%ers all know what they’re doing. This is about creating a socialist nation for the working people and a layer of capitalism on top of the subsistence economy for those who make their money by moving money.
From the information given:
The US citizen is living with her Canadian citizen husband in Canada; where he works and earns a Canadian income. How is that any of the US Federal Government’s business?
They are not using the US highways, medical facilities, or any other Gubmint funded benefits. If they have monies invested in a US bank - how does that cost the US Treasury? That would be a good thing.
The surveillance is for keeping track of potential tax and fee revenues. The lowest tier of the government-supported middle class is being chewed off, then the next and so on. The debt regime can support fewer people each year, as deals are made to continue the flows of debt/revenues to a shrinking and more approved/licensed pool of officials and authorities.
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