"Citizenship Penalty"
Have I your permission to use this phrase in my presentations? I really like the image it conjures up.
Certainly. In fact, it is a term that we should all be using. All that I would ask is that when you use that term, you attribute the source.
I am currently completely reworking the original article, "Infernal Revenue", that contained the section that I quoted. I updated it several times, but so much has changed since I wrote the original article in 1998, that updates were just not enough, so I pulled it and I am reexamining every part of it for accuracy. I will repost it on Action America as soon as I can, though that may be a while, since my business endeavors are currently taking much of my time.
Incidentally, when I first wrote "Infernal Revenue" and the most popular article on Action America, "Tick-Tick-Tick - The Economy Bomb", I was firmly entrenched in the middle class. Even so, I have often talked about the threat represented by attacking the top 1% and top 5% of income earners. That's because, being involved with several international ventures over the years, I have had occasion to encounter more than a few very wealthy US expats and have found that their stories are all the same. They didn't flee the tax burden, they fled the RISK that the IRS represents, for even squeaky clean, law abiding citizens. That same RISK is why many companies have already left and many others are positioning themselves with overseas operations, to be prepared to leave. Fortunately, I have moved up the income ladder significantly since I first wrote those articles, but their truths are just as valid today, as they were then. In fact, though I am still not among the ultra-wealthy, I am in a much better position today, to validate the facts in those articles. The wealthy are leaving and they have good reason.