More Americans abroad giving up citizenship for lower taxes

[justncredible]

Whoa whoa whoa, the headline of the story is polically bias. 509 this year have left the United States, yet some editor and reporter feel the need to make a story about it?????? 300 Million live here, with 10+ million here illegal, yet 509 leaving gets a story. The story is slanted to make it seem people would rather leave America to pay taxes in other countrys, yet no example is cited to support that conculsion. Marc should have relized before posting this tripe that intelligent people would take offense at it.

Where is this story on the cove:
http://www.breitbart.com/news/2006/12/15/061215180641.fuw3ri1r.html

per capita france has many more leaving for taxes, also note france taxes the people at 60%. Why is it not posted?

So a visitor gets held to a diffrent level as to what can be said? The article is a attack on America, although a mild one still a blantant attack.

 

[Cari Spears]

The article is not about Americans leaving America because of taxes. It is about Americans who live abroad (expatriates) who are giving up their citizenship because they don't want to pay taxes to two countries.

 

[justncredible]

" More Americans abroad giving up citizenship for lower taxes "

Read the title of the thread............... How can you twist that to mean something diffrent, it is plain english.

 

[Marc]

Marc should have relized before posting this tripe that intelligent people would take offense at it.

It was interesting to me which is why I posted it. I know a lot of people who have, and a few that are planning to get, dual citizenship in several different countries. I don't know any giving up their US citizenship, however.

The article is general and focused on people who don't want to pay taxes, as well as the US tax law changes going back a number of years. I thought it was interesting that the US is the only major country which taxes income made and already taxed in another country.

As to your use of the 'democrats' word in a provocative sentence, I re-read the article and don't see a political party cited for any reason. The closest it came was "Concern about taxes among expatriates has surged since President George W. Bush signed into law a bill that sharply increases tax rates for Americans abroad with income of more than $82,400 a year." which has nothing to do with democrats. You pulled that out of your hat which is why several people noted that we keep politics out of discussions here. That said, and I hesitated to even quote the article, please - No politics. Between 1999 and late 2002 we had a fire storm here involving politics and I will not allow that to be repeated.

Where is this story on the cove:
http://www.breitbart.com/news/2006/12/15/061215180641.fuw3ri1r.html

per capita france has many more leaving for taxes, also note france taxes the people at 60%. Why is it not posted?

I hope your expectations aren't that for every news article cited here another one expressing another or opposite view will be posted. The short story is you posted a link to another similar situation so - It is now posted.

 

[Jim Wynne]

" More Americans abroad giving up citizenship for lower taxes "

Read the title of the thread............... How can you twist that to mean something diffrent, it is plain english.

What part of "More Americans Abroad..." are you having trouble with? As Cari correctly pointed out, the article pertains to American citizens who already live in other countries, not to Americans who are here and leaving because of taxes.

 

[justncredible]

Okay better understood then Marc. I completley read the article from a diffrent prospective. I will settle down.......

 

[Jim Wynne]

Okay better understood then Marc. I completley read the article from a diffrent prospective. I will settle down.......

Never mind...

 

[Randy]

I'm all for citizenship in the Conch Republic

 

[Al Rosen]

It's interesting to compare tax rates of different countries.

 

[Tim Folkerts]

I cannot comprehend tossing aside my citizenship for any reason

I can't imaging tossing aside my citizenship, either.

But note this line from the article:
"Matthew Ledvina, an international tax lawyer in Geneva, said demand for legal counsel on the citizenship issue was coming largely from American citizens who hold second passports and who have minimal ties to the United States.

He said some expatriates were weighing the value of their American passports and debating whether it was worth keeping them if the cost topped $50,000 a year."


I guessing many of these people perhap were born in the US to foreign parents, or married a US citizen. For such people, giving up a US citizenship is nto quite the same as for someone born, raised, and living in the US. US Citizenship is great, but I'm sure that many Covers are equally proud of their citizenships from around the world.