pa2a.org


Share Thread:  
Rich already heading out...
#1
Anyone with half a brain saw this coming, I'm just surprised that it has started this early.

Quote:US citizens leaving the country to avoid stiff tax bills

By PAUL THARP
Last Updated: 12:07 AM, June 25, 2012
Posted: 10:53 PM, June 23, 2012

America’s rich are renouncing their citizenship at record levels — just to get richer.

Startling new data from Uncle Sam show that defections by Americans are expected to double this year, largely to avoid any stiff tax bills resulting from the proposed 55 percent hike on the rich — as well as the likely expiration on Dec. 31 of the Bush era tax cuts.

As many as 8,000 US citizens are projected by immigration officials to renounce in 2012, or about 154 a week, versus 3,805 in 2011, or about 73 per week.

“High-net-worth individuals are making decisions that having a US passport just isn’t worth the cost anymore,” said Jim Duggan, a lawyer at Duggan Bertsch, which specializes in protecting assets of the wealthy.

The rest is available on the New York Post site.
[Image: member955.png]
USAF (1976 -1986) NRA, GOA Anim_sniper2
"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
Reply
#2
I'm sure we'll start hearing about an Asset Forfeiture law to be proposed for anyone that renounces their citizenship.
Reply
#3
streaker69;51425 Wrote:I'm sure we'll start hearing about an Asset Forfeiture law to be proposed for anyone that renounces their citizenship.

Will make it much easier for the prez to confiscate the retirement accounts of the nations population like he expressed interest in doing weeks ago.
Vampire pig man since September 2012
Reply
#4
Camper;51433 Wrote:
streaker69;51425 Wrote:I'm sure we'll start hearing about an Asset Forfeiture law to be proposed for anyone that renounces their citizenship.

Will make it much easier for the prez to confiscate the retirement accounts of the nations population like he expressed interest in doing weeks ago.

Yup, anyone with $250,000.00+ in a 401k is bound to have their assets seized because they didn't work for it, they're too rich and they aren't paying their fair share.AngryAngryAngryAngryAngry
[Image: member955.png]
USAF (1976 -1986) NRA, GOA Anim_sniper2
"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
Reply
#5
Where's this "startling new data?"

I am throwing the BS flag.

I'd like to see one name that "renounced" their citizenship.

Where else are they going to go? Is there evidence that they're flocking in hoards to these tax havens listed in the editorial?

Justin
[Image: pafoasig.png]
Reply
#6
JustinHEMI;51438 Wrote:I am throwing the BS flag.

I'd like to see one name that "renounced" their citizenship.

HaHa. Me too! Anyways, I'm staying even at a 39% rate
Dave, proudly annoying members of pa2a.org since Sep 2012.
Reply
#7
JustinHEMI;51438 Wrote:Where's this "startling new data?"

I am throwing the BS flag.

I'd like to see one name that "renounced" their citizenship.

Where else are they going to go? Is there evidence that they're flocking in hoards to these tax havens listed in the editorial?

Justin

Ask the feds, it's their report that is being discussed. We know that they wouldn't stretch the truth to, I don't know, maybe raise the rates even higher than they're currently asking for since there are "fewer rich" to pay the freight.Dodgy
[Image: member955.png]
USAF (1976 -1986) NRA, GOA Anim_sniper2
"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
Reply
#8
Wow, forfeiting the assets of anyone who leaves? May as well just put up a big iron curtain or great wall....
Error 396: Signature cannot be found.
Reply
#9
RugerGirl;51454 Wrote:Wow, forfeiting the assets of anyone who leaves? May as well just put up a big iron curtain or great wall....

Did you even read the editorial?

billamj;51448 Wrote:
JustinHEMI;51438 Wrote:Where's this "startling new data?"

I am throwing the BS flag.

I'd like to see one name that "renounced" their citizenship.

Where else are they going to go? Is there evidence that they're flocking in hoards to these tax havens listed in the editorial?

Justin

Ask the feds, it's their report that is being discussed. We know that they wouldn't stretch the truth to, I don't know, maybe raise the rates even higher than they're currently asking for since there are "fewer rich" to pay the freight.Dodgy


Looks like the author is making shit up, to me.

Justin
[Image: pafoasig.png]
Reply
#10
Justin, I was replying to Streaker's post, where its a possible future thing, in which case we may as well put up the iron curtain....
Error 396: Signature cannot be found.
Reply






Possibly Related Threads...
Thread Author Replies Views Last Post
  Obama: Rich still aren't paying their fair share... Pocketprotector 0 489 01-03-2013, 12:30 PM
Last Post: Pocketprotector
  Dean: 'Truth Is Everybody Needs To Pay More Taxes, Not Just Rich'... Pocketprotector 17 2,053 12-09-2012, 09:50 PM
Last Post: Pocketprotector
nuke Obama: Americans voted for tax hikes on rich billamj 25 1,475 11-12-2012, 01:03 PM
Last Post: ArcticSplash
  How does taxing the rich create jobs? longcall911 10 1,323 10-16-2012, 11:32 PM
Last Post: longcall911



Users browsing this thread: 1 Guest(s)

Software by MyBB, © 2002-2015 MyBB Group.
Template by Modogodo Design.