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The Dark Road: The Worst Tax Law You've Never Heard About (effective July 1st)
New American ^

Posted on 06/28/2014 11:11:55 AM PDT by TigerClaws

It broke Ruth Freeborn’s 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. Ruth’s Canadian husband of 33 years, who earns all of the middle-class family’s 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 wasn’t a myth — after all, she was living it.

More than three decades ago, Ruth m

(Excerpt) Read more at thenewamerican.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Front Page News; Government; News/Current Events
KEYWORDS: banking; disaster; fatca; foreigninvestment; irs; taxes

1 posted on 06/28/2014 11:11:55 AM PDT by TigerClaws
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To: TigerClaws

ping


2 posted on 06/28/2014 11:18:30 AM PDT by laplata (Liberals don't get it .... their minds are diseased.)
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To: TigerClaws

meanwhile millions and millions of illegals wait for their amnesty


3 posted on 06/28/2014 11:18:37 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: TigerClaws

Chase citizens away, herd illegals in. How long can a nation survive with such a scheme.


4 posted on 06/28/2014 11:32:46 AM PDT by smoothsailing
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To: TigerClaws

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.


5 posted on 06/28/2014 11:34:12 AM PDT by Dilbert San Diego (s)
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To: smoothsailing

“Chase citizens away, herd illegals in. How long can a nation survive with such a scheme.”
*********
Not long, but that is the plan.


6 posted on 06/28/2014 11:34:50 AM PDT by mongo141 (Revolution ver. 2.0, just a matter of when, not a matter of if!)
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To: TigerClaws

The democrats know, and don’t care.


7 posted on 06/28/2014 11:43:19 AM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country.)
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To: TigerClaws

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.


8 posted on 06/28/2014 11:44:50 AM PDT by Salvavida (The restoration of the U.S.A. starts with filling the pews at every Bible-believing church.)
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To: I want the USA back
The democrats know, and don’t care.

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."

9 posted on 06/28/2014 12:12:48 PM PDT by ClearCase_guy ("Harvey Dent, can we trust him?" http://www.youtube.com/watch?v=HBsdV--kLoQ)
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To: smoothsailing

What nation are you referring to? This one appears to be already dead.


10 posted on 06/28/2014 12:20:33 PM PDT by gitmo (If your theology doesn't become your biography, what good is it?)
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To: gitmo

The death rattles are everywhere these days


11 posted on 06/28/2014 12:23:58 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: TigerClaws
what was happening to her, and millions of other innocent Americans
There are no innocent Americans. The feds have so many laws on the books we are all felons one way or another. And if by chance we aren't, and haven't been caught, there are millions of Lois Lerners out there that will keep writing regulations to make sure we are. The American Revolution was started over less.
12 posted on 06/28/2014 12:25:00 PM PDT by Organic Panic
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To: TigerClaws

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.


13 posted on 06/28/2014 12:28:40 PM PDT by Pearls Before Swine
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To: Dilbert San Diego
I’ve not understood how the US government has this much power over foreign financial institutions or governments.

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.

14 posted on 06/28/2014 12:35:26 PM PDT by Vince Ferrer
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To: Pearls Before Swine

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.


15 posted on 06/28/2014 12:38:24 PM PDT by Alberta's Child ("What in the wide, wide world of sports is goin' on here?")
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To: TigerClaws

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?


16 posted on 06/28/2014 12:51:28 PM PDT by AZLiberty (No tag today.)
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To: AZLiberty

>>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?

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.


17 posted on 06/28/2014 1:07:46 PM PDT by Bryanw92 (Sic semper tyranni)
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To: TigerClaws

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.


18 posted on 06/28/2014 1:50:57 PM PDT by sodpoodle (Life is prickly - carry tweezers.)
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To: GeronL
meanwhile millions and millions of illegals wait for their amnesty and, free stuff! (Paid for by us!)
19 posted on 06/28/2014 2:11:49 PM PDT by Bushbacker1 (Molon Labe! (Oathkeeper))
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To: TigerClaws

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.


20 posted on 06/28/2014 2:22:51 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: sodpoodle
Stop complaining, citizen. Paying taxes to the U.S. Treasury is a privilege, wherever you reside. Much like U.S. corporations have to pay tax on their world-wide income.

Never mind that it makes U.S. corporations offshore their operations, or this woman renounce her citizenship . . . to make an omelette, you have to break a few eggs.

21 posted on 06/28/2014 2:24:30 PM PDT by 1rudeboy
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To: AZLiberty

They just keep on ginning up the “animal spirits” factor of Keynesian theory, whenever they need a boost in their model. Maybe everybody should get ecstasy pills from Washington so they’ll madly labor to prop up the pyramid.


22 posted on 06/28/2014 2:25:55 PM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: sodpoodle

Because the IRS now has the legal right ( if a country signs the IGA) to look into the foreign spouse’s bank account to see if the American is hiding anything.

Google United States Norway IGA bank agreement. Its 36 pages of pure government overreach. Will make Communists envious.


23 posted on 06/28/2014 2:30:43 PM PDT by bjorn14 (Woe to those who call good evil and evil good. Isaiah 5:20)
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To: sodpoodle
When we lived overseas I had a job where I was earning around $300.00 a month. I had to file US income taxes even though none of the money came from the US, the school was not US and I had not set foot in the US in three years.

That was a couple of decades ago. This is coming to a head now but it has been a surreal situation for years.

24 posted on 06/28/2014 2:31:46 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Organic Panic

“You show me the man, I’ll show you the crime.”
— Lavrenti Beria, Stalin’s notorious secret police chief,


25 posted on 06/28/2014 3:18:49 PM PDT by theBuckwheat
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To: smoothsailing

“Chase citizens away, herd illegals in. How long can a nation survive with such a scheme.”

Not for long. Divorce is coming.


26 posted on 06/28/2014 4:46:58 PM PDT by RKBA Democrat (Be a part of the American freedom migration: freestateproject.org)
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To: TigerClaws
The United States is now a composite version of the German Third Reich and Fascist Italy, thanks to obammy and the Dems.

It's what they want so they can continue living in their make-believe fantasy land.

27 posted on 06/28/2014 5:05:20 PM PDT by jeffc (The U.S. media are our enemy)
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To: TigerClaws
Well, this is an interesting topic.
I ‘m not feeling instantly sorry for the woman, based on what little of her situation was divulged here.

Just guessing, it sounds like her personal choices led her into a catch 22.
Her child(ren) are dual citizen(s) of both Canada and the USA.
She effectively has an “anchor baby”.

The USA government either doesn't know and/or won't tell the public, how many “anchor babies” born of two foreign parents who reside outside of the USA exist.
They can track those born of at least one USA citizen, living in foreign nations.

I wonder when she last voted for in a USA Federal election?
Did her now 33 year old USA/Canadian citizen “child” also vote?
What about the 18 and over “anchor babies” born here, and never having set foot in the USA afterwards.
They are all also eligible to vote in all Federal elections.
How many of them voted?
How many of them paid taxes of any kind to the USA?

Lots of pregnant women from all over the world come to the USA to birth “anchor babies”.
China has encouraged this for a long time.

No, I am not particularly distressed about “USA citizens” complaining about paying USA taxes from gains made in foreign nations, and foreign nations and banks no longer wanting to get involved, at all, with laundering money for those claiming USA citizenship for tax reasons.

Yes, it's all very complicated...LOL!

28 posted on 06/28/2014 10:02:49 PM PDT by sarasmom (Extortion 17. A large number of Navy SEALs died on that mission. Ask why.)
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To: TigerClaws
Well, this is an interesting topic.
I ‘m not feeling instantly sorry for the woman, based on what little of her situation was divulged here.

Just guessing, it sounds like her personal choices led her into a catch 22.
Her child(ren) are dual citizen(s) of both Canada and the USA.
She effectively has an “anchor baby”.

The USA government either doesn't know and/or won't tell the public, how many “anchor babies” born of two foreign parents who reside outside of the USA exist.
They can track those born of at least one USA citizen, living in foreign nations.

I wonder when she last voted for in a USA Federal election?
Did her now 33 year old USA/Canadian citizen “child” also vote?
What about the 18 and over “anchor babies” born here, and never having set foot in the USA afterwards.
They are all also eligible to vote in all Federal elections.
How many of them voted?
How many of them paid taxes of any kind to the USA?

Lots of pregnant women from all over the world come to the USA to birth “anchor babies”.
China has encouraged this for a long time.

No, I am not particularly distressed about “USA citizens” complaining about paying USA taxes from gains made in foreign nations, and foreign nations and banks no longer wanting to get involved, at all, with laundering money for those claiming USA citizenship for tax reasons.

Yes, it's all very complicated...LOL!

29 posted on 06/28/2014 10:05:50 PM PDT by sarasmom (Extortion 17. A large number of Navy SEALs died on that mission. Ask why.)
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To: sodpoodle

“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?”

Seems like legally as long as he has a bank account in his name only, the IRS is not entitled to any information about the account.


30 posted on 06/29/2014 12:19:13 AM PDT by paristexas
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To: TigerClaws

Once upon a time, US citizens who worked overseas did not have to pay income tax. I only know this because I worked at Gulf Oil and I worked with many people who had worked in places like Kuwait, Iran, Venezuela and they told me they had put all that money they would have had to pay in taxes into savings and investments.


31 posted on 06/29/2014 6:48:50 AM PDT by 3catsanadog (I love my country; I don't like its government)
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To: TigerClaws
so expats receiving US benefits are going to have their finacial lives given the old rectal exam, if you will....

on a larger note, EVERYTHING and ANYTHING we own is basically controlled by the govt...

even if you wanted to take your money out of your 401 or Ira, the govt tracks you, taxes you, and IIRC, even can control how much you take out...

and if you wanted to get your money to a foreign country, how could you?...

after decades of intrusiveness, this is where we are...

32 posted on 06/29/2014 8:13:25 AM PDT by cherry
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To: Bryanw92
its exactly like the old timey work farms, where all the money you earned went to the company store, and you actually had to keep working to pay that bill off....

they own all of your money and all or your future money and don't even think anything is for yourself..

33 posted on 06/29/2014 8:17:25 AM PDT by cherry
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To: cherry

>>its exactly like the old timey work farms, where all the money you earned went to the company store, and you actually had to keep working to pay that bill off....
they own all of your money and all or your future money and don’t even think anything is for yourself..

Good analogy. I hadn’t even thought it that way. I was thinking that this is something new in America, but it isn’t, is it?


34 posted on 06/29/2014 8:49:55 AM PDT by Bryanw92 (Sic semper tyranni)
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To: GeronL
Yep.

Been warning people of this collapse for well over 30 years, only to have my (and many fellow patriots) words fall upon deaf ears.

35 posted on 07/07/2014 3:37:37 PM PDT by Mikey (He that refuses to know and exert his rights, doesn't deserve them.)
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