News The IRS Is Comina Gitcha!

[RummyBoy]

http://www.forbes.com/sites/robertwo...rtner=yahootix

US Citizen = US Slave

[mozadek]

Shit! Obama is going to find out about the $1,100 I have in a bank account in Bahrain. I hope he doesn't have me arrested and thrown in a FEMA internment camp.

[Rochard]

Can't hide money any more.

[RummyBoy]

Originally Posted by Rochard

Can't hide money any more.

It's EASY to hide money!!! VERY EASY!!! (assuming you can find a bank shitty enough to think it's smart to open accounts for US citizens)

However, if you're American you now know it's gonna get found

The IRS is Comina Gitcha!

[seeandsee]

you can't hide now haha

[Marcus Aurelius]

Keeping all the illegals and blacks on welfare is expensive. You need to pay more taxes.

[RandyRandy]

Originally Posted by RummyBoy

US Citizen = US Slave

That's why people are renouncing US citizenship in record numbers.

I use one bank in Singapore, to cash checks and move money around. I keep the balance around US$5,000. The rest is cash - and you gotta love those SG$10,000 bills = to US$8,000. Makes it so easy to move and store cash. Prepaid debit cards for any US transactions I need - which are getting smaller and smaller.

Of course, living in Malaysia makes this easy.

But anyone who needs to hide serious cash from the IRS should have the wherewithal to not use banks for large amounts. I mean, why? Security? Ever since Cyprus, I know how secure bank accounts are. Interest? Do banks even give interest anymore? Hell, the European Central Bank now offers NEGATIVE INTEREST RATES!!! Yep, they CHARGE you for deposits.

Fuck the banks and fuck the IRS.

[klinton]

Malaysia, you say ?

Originally Posted by RandyRandy

That's why people are renouncing US citizenship in record numbers.

I use one bank in Singapore, to cash checks and move money around. I keep the balance around US$5,000. The rest is cash - and you gotta love those SG$10,000 bills = to US$8,000. Makes it so easy to move and store cash. Prepaid debit cards for any US transactions I need - which are getting smaller and smaller.

Of course, living in Malaysia makes this easy.

But anyone who needs to hide serious cash from the IRS should have the wherewithal to not use banks for large amounts. I mean, why? Security? Ever since Cyprus, I know how secure bank accounts are. Interest? Do banks even give interest anymore? Hell, the European Central Bank now offers NEGATIVE INTEREST RATES!!! Yep, they CHARGE you for deposits.

Fuck the banks and fuck the IRS.

[RandyRandy]

Originally Posted by klinton

Malaysia, you say ?

Yes. Yes I did.

[Best-In-BC]

Yeah, I struggle to pay my taxes, lol

[klinton]

Originally Posted by RandyRandy

Yes. Yes I did.

[Barry-xlovecam]

Go bury your money in a tin can in Afghanistan ...

This law is really aimed at US businesses that find safe harbour offshore by not repatriating their earnings.

The IRS is not after you small timers unless you have millions hidden from the taxman then you are in deep doodoo ...

If you are a USA business that has equitable interest in foreign businesses you owe US taxes on the profits you take -- pretty simple. There is an exemption:

If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is adjusted annually for inflation ($91,500 for 2010, $92,900 for 2011, $95,100 for 2012, and $97,600 for 2013). In addition, you can exclude or deduct certain foreign housing amounts.
IRS Webpage (look it up)

So, for most people it's not an issue -- nice talking point though ...

[Robbie]

Originally Posted by RandyRandy

That's why people are renouncing US citizenship in record numbers.

As I understand it...the Federal Govt. in the U.S. has found an answer for that too.

It's called the "Exit Tax".

The U.S. govt. is totally and completely out of control. No longer serving the people. But RULING over them.

[RummyBoy]

Originally Posted by Robbie

As I understand it...the Federal Govt. in the U.S. has found an answer for that too.

It's called the "Exit Tax".

The U.S. govt. is totally and completely out of control. No longer serving the people. But RULING over them.

The exit tax is deceiving because you're not paying a tax to leave American citizenship, you are paying a % of your entire assets. Anyone know how much you have to pay?

A great idea because it stops Americans jumping off the ship. Now all Americans are bound to America and can become slaves of the federal reserve system....... Americans are SLAVES.

The IRS is Comina Gitcha! The IRS is Comina Gitcha!

[iSpyCams]

It's still pretty simple to work around it.

1) Go to a foreign country
2) Marry a local girl
3) Keep your rainy day money in her name
4) Don't let her find out about it or you'll be murdered, divorced or cleaned out.

[RummyBoy]

Originally Posted by pompousjohn

It's still pretty simple to work around it.

1) Go to a foreign country
2) Marry a local girl
3) Keep your rainy day money in her name
4) Don't let her find out about it or you'll be murdered, divorced or cleaned out.

They've thought of this already, which is why they came up with FATMALBA

Foreign Acccount Tax Marrying A Local Bitch Abroad legislation

which prevents American marrying to escape tax liabilities. They allow you to marry the bitch but you have give them everything you own plus the senator from your state gets to hump your local bitch wife

The IRS is Comina Gitcha! The IRS is Comina Gitcha!

[Barry-xlovecam]

To have to pay an expatriation asset forfeiture on previously taxed assets should not be legal here.

If someone wants out and is not in debt, private or public -- hit the door -- CYA ... But there is no right of return in the USA -- get in line and ask for a visa ....

[ilnjscb]

They came very close to enacting a law that would forbid anyone with a tax debt over 50K from leaving the borders of the united states for any purpose. Now that is being a peasant.

[Bladewire]

Originally Posted by Robbie

As I understand it...the Federal Govt. in the U.S. has found an answer for that too.

It's called the "Exit Tax".

The U.S. govt. is totally and completely out of control. No longer serving the people. But RULING over them.

Another "gift" of the Bush presidency

[James - Mr. Skin]

I'm glad I keep my foreign accounts at $49,999.99 in all 77k of them!

But yeah, Taxes...

[Bladewire]

Originally Posted by James - Mr. Skin

I'm glad I keep my foreign accounts at $49,999.99 in all 77k of them!

But yeah, Taxes...

The 1st was yesterday, all your accounts were charged the monthly service fee, putting you over the limit in all 77k accounts!

The IRS is Comina Gitcha! The IRS is Comina Gitcha!

[Nikki_Licks]

Originally Posted by Rochard

Can't hide money any more.

Bullshit......LOL

[Robbie]

Originally Posted by Squirtit

Another "gift" of the Bush presidency

Not only that piece of shit Bush's "gift" (because he signed it)... but also the "gift" of Nancy Pelosi and Harry Reid who were in control of the House and Senate and all the Senators and Congressmen who voted FOR it.

I guess that would be called "Bipartisanship" or "Compromis" and what so many people seem to THINK that Congress should be doing now.

Well, that is what happens when the Dems and Republicans work together...they work "together" to fuck the people over in every way they can.

[Mutt]

Well all these big porn companies with offshore corporations have them for a reason - tax evasion and/or minimization.

[Robbie]

Originally Posted by Mutt

Well all these big porn companies with offshore corporations have them for a reason - tax evasion and/or minimization.

ALL companies (not just porn) that are offshore do so for tax reasons.

Just like I am a corporation. I didn't want to be a corporation. I was fine just being me. But the govt. pretty much forces you to become one for tax reasons.

They are forcing a lot of money offshore and a lot of business and people with big ideas away as well.

I'm kinda thinking that once the housing market finally clears up (hopefully in a few years), I'm gonna get the fuck out of the U.S. too. Maybe move down to The Bahamas and live on the ocean.

[brassmonkey]

cant follow cash

[onwebcam]

Originally Posted by Robbie

I'm kinda thinking that once the housing market finally clears up (hopefully in a few years), I'm gonna get the fuck out of the U.S. too. Maybe move down to The Bahamas and live on the ocean.

I hate to burst your bubble but the housing market is already over-bloated again and there will soon be another bust.. Only this time much bigger. The last bubble is being corrected for the most part by banks trimming their earnings IE interest reductions, ect. This bubble being created now is driven by already low interest rates and is growing much faster than the last so when it pops, not if, when, it will be disasterous and there will be no room for them to reduce mortgage interest (payments) so what will have to be reduced across the board is home values/equity.

[RummyBoy]

http://finance.yahoo.com/video/fidel...152702510.html

Loads of foreign firms starting to ban US customers.
Fidelity stopping US customers abroad having mutual funds.

Soon Americans will be to breathe only when a green light shows. When red is showing, youll have to hold your breathe. Also Americans will be locked into their homes during the whole day and will be let out only lunch time between 2pm and 3pm.

But they must return to their cages by 3pm otherwise they will be force fed twinkie cakes. The idea is good because it will re-invigorate the Twinkie company

The IRS is Comina Gitcha!

[Robbie]

Originally Posted by onwebcam

I hate to burst your bubble but the housing market is already over-bloated again and there will soon be another bust.. Only this time much bigger. The last bubble is being corrected for the most part by banks trimming their earnings IE interest reductions, ect. This bubble being created now is driven by already low interest rates and is growing much faster than the last so when it pops, not if, when, it will be disasterous and there will be no room for them to reduce mortgage interest (payments) so what will have to be reduced across the board is home values/equity.

Thanks for ruining my day/life

[Amputate Your Head]

Taxes are the least of your worries.
The whole diseased system is collapsing. Just a matter of time before cash isn't worth burning for heat in your plywood shanty between sessions of waiting in the bread line.

[Tofu]

Originally Posted by Amputate Your Head

Taxes are the least of your worries.
The whole diseased system is collapsing. Just a matter of time before cash isn't worth burning for heat in your plywood shanty between sessions of waiting in the bread line.

AMP!!!

Whats up, playa?

[Amputate Your Head]

Originally Posted by Tofu

AMP!!!

Whats up, playa?

Not much, just up late working tonight. Got bored.

[DerekMister33]

Betta watch out they gonna comes or you!

[scubadiver626]

Just use foreign corps and shareholders deed of assignments giving their shares back to you.

Never do business in your name.

[ilnjscb]

Originally Posted by scubadiver626

Just use foreign corps and shareholders deed of assignments giving their shares back to you.

Never do business in your name.

correctamundo

[2MuchMark]

Originally Posted by Robbie

ALL companies (not just porn) that are offshore do so for tax reasons.

Just like I am a corporation. I didn't want to be a corporation. I was fine just being me. But the govt. pretty much forces you to become one for tax reasons.

They are forcing a lot of money offshore and a lot of business and people with big ideas away as well.

I'm kinda thinking that once the housing market finally clears up (hopefully in a few years), I'm gonna get the fuck out of the U.S. too. Maybe move down to The Bahamas and live on the ocean.

But... what's wrong with paying your fair share of taxes?

[RummyBoy]

http://finance.yahoo.com/news/irs-cr...094500096.html

As above, downside of FATCA is that foreign companies are now stopping employing Americans......
Friend of mine had this problem recently & it sucks.

If Americans can only get a job in America, I guess it's yet another CHAIN binding you to the USA. However, some who believe they are in the land of free, might prefer to call it a "TETHER" (one made out of silk or cotton).

[noshit]

Do you know where your 'Income Tax' goes?
After the Foreign Bank owned Federal Reserve gets it, 40% goes to the UK world bank and the other 60% goes to the Vatican.

Then people have the balls to chastise an individual for Not Paying income tax... While they should follow in their footsteps.

Sycophants need their head examined.

[Robbie]

Originally Posted by **********

But... what's wrong with paying your fair share of taxes?

One day when you make some real money...you'll figure out the answer to that question.

[RummyBoy]

Originally Posted by Robbie

One day when you make some real money...you'll figure out the answer to that question.

Well said......... looks like Robert De Niro already knows:

Robert De Niro hit with $6.4M tax bill: A cautionary tale - Yahoo Finance

[sperbonzo]

Originally Posted by Barry-xlovecam

Go bury your money in a tin can in Afghanistan ...

This law is really aimed at US businesses that find safe harbour offshore by not repatriating their earnings.

The IRS is not after you small timers unless you have millions hidden from the taxman then you are in deep doodoo ...

If you are a USA business that has equitable interest in foreign businesses you owe US taxes on the profits you take -- pretty simple. There is an exemption:



So, for most people it's not an issue -- nice talking point though ...

Except that, because of FATCA, it is becoming almost impossible for many US citizens, living outside the US, to find a bank that will let them open an account. This isn't a "talking point", and the US is the only country in the world, except for Vietnam, that forces people who are not living here to file taxes and steals assets from people who don't want to be citizens anymore. I'm not sure why you would think that it's somehow OK that the government feels entitled to do that. To me, that is a bizarre world view.




.

[RummyBoy]

Originally Posted by sperbonzo

This isn't a "talking point", and the US is the only country in the world, except for Vietnam, that forces people who are not living here to file taxes and steals assets from people who don't want to be citizens anymore.

According to the tax-news site, United States and Eritrea are the only two countries that tax based on both residence and citizenship. Other countries tax worldwide income of residents, but not citizens living elsewhere. I don't think Vietnam does but I could be wrong.

[Paul&John]

Originally Posted by RummyBoy

They've thought of this already, which is why they came up with FATMALBA

Foreign Acccount Tax Marrying A Local Bitch Abroad legislation

[pornguy]

Originally Posted by Robbie

As I understand it...the Federal Govt. in the U.S. has found an answer for that too.

It's called the "Exit Tax".

The U.S. govt. is totally and completely out of control. No longer serving the people. But RULING over them.

actually I read in the IRS tax codes that even giving up citizenship can not stop them from collecting for the following 25 years.

[RummyBoy]

Originally Posted by Paul&John

You may laugh but they covered it the other way around. If you marry an American, you now have to report to the IRS:

https://gfy.com/fucking-around-and-pr...eport-irs.html

[Harmon]

[just a punk]

I feel fine with 6% tax here in Russia. So fuck IRS

[just a punk]

Originally Posted by Amputate Your Head

Taxes are the least of your worries.
The whole diseased system is collapsing. Just a matter of time before cash isn't worth burning for heat in your plywood shanty between sessions of waiting in the bread line.

Oh, Amp. It's really cool to see you here! How are you, man?

[Captain Kawaii]

Originally Posted by RandyRandy

That's why people are renouncing US citizenship in record numbers.

I use one bank in Singapore, to cash checks and move money around. I keep the balance around US$5,000. The rest is cash - and you gotta love those SG$10,000 bills = to US$8,000. Makes it so easy to move and store cash. Prepaid debit cards for any US transactions I need - which are getting smaller and smaller.

Of course, living in Malaysia makes this easy.

But anyone who needs to hide serious cash from the IRS should have the wherewithal to not use banks for large amounts. I mean, why? Security? Ever since Cyprus, I know how secure bank accounts are. Interest? Do banks even give interest anymore? Hell, the European Central Bank now offers NEGATIVE INTEREST RATES!!! Yep, they CHARGE you for deposits.

Fuck the banks and fuck the IRS.

iRS can suck it.

[PornDiscounts-V]

50 IRS agents at your door.