1% Jumping Ship in Record Numbers - GoFuckYourself.com

Captain Kawaii · 08-20-2013, 12:18 PM

Next time a politician tries to wrap your kids in a flag and body bag to fight for the rich, remember these folks. I'm not necessarily blaming them.
discuss

WASHINGTON -- The number of individuals who renounced their U.S. citizenship jumped to 1,131 in the second quarter of this year, a whopping sixfold increase over the same three-month period in 2012, when just 189 Americans gave up their U.S. passports, as Bloomberg reported Friday.

Although the departing don't always go public with their reasons, taxes seem to be a frequent complaint. Experts attribute the latest surge to tough new measures to be implemented next year by the Internal Revenue Service to locate and tax Americans' assets held overseas.

http://www.huffingtonpost.com/2013/0...n_3744166.html

TheSquealer · 08-20-2013, 12:20 PM

Blame Obama and taxes.

Demonize those who make the money and create the jobs and try to confiscate more and more of their wealth and they tend to go where they are appreciated.

TheSquealer · 08-20-2013, 12:22 PM

Waiting for the poor and unemployable on this board to chime in about "fair"

Tom_PM · 08-20-2013, 12:23 PM

They're hiding their money offshore so it can't be taxed in the first place. That's what's called a loophole, which is a term used for a way to get around something you should be doing. Tough shit. Game over. Pay it.

Captain Kawaii · 08-20-2013, 01:10 PM

Woz from Apple is going for citizenship in Australia. Guess he likes kangaroos.

RubyGoodnight · 08-20-2013, 01:14 PM

I'm pretty sure there's a tax loophole where you "need" to pay income taxes for X number of years even after you've renounced your citizenship? Exit taxes as well. Pretty shit, no matter how you look at it.

Rochard · 08-20-2013, 01:34 PM

The fucking loopholes for taxes are comical. About time they got closed.

_Richard_ · 08-20-2013, 01:37 PM

Quote:

Originally Posted by RubyGoodnight

I'm pretty sure there's a tax loophole where you "need" to pay income taxes for X number of years even after you've renounced your citizenship? Exit taxes as well. Pretty shit, no matter how you look at it.

unless you're a corporation..

L-Pink · 08-20-2013, 01:45 PM

In 2010 the tax code was 71,684 pages. 99% of which were tax exemptions/credits/loopholes. We should have a basic simple 3-5 page tax code.

When your average citizen can't read and understand the tax code something is fucked.

crockett · 08-20-2013, 01:48 PM

Quote:

Originally Posted by TheSquealer

Blame Obama and taxes.

Demonize those who make the money and create the jobs and try to confiscate more and more of their wealth and they tend to go where they are appreciated.

I think its been proven time and time again that top earners don't create the most jobs.

L-Pink · 08-20-2013, 01:52 PM

Quote:

Originally Posted by crockett

I think its been proven time and time again that top earners don't create the most jobs.

Small business owners create 70% of NEW jobs and account for 50% of total jobs. This is the sector hit hardest by taxes and various regulations.

Fat Panda · 08-20-2013, 01:55 PM

rofl.

99% of the people leaving are NOT in the top 1%

dumbfucks

DWB · 08-20-2013, 01:56 PM

Make sure you have a chair when the music stops.

Barefootsies · 08-20-2013, 02:20 PM

Quote:

Originally Posted by TheSquealer

Demonize those who make the money and create the jobs and try to confiscate more and more of their wealth and they tend to go where they are appreciated.

Barefootsies · 08-20-2013, 02:21 PM

Quote:

Originally Posted by TheSquealer

Waiting for the poor and unemployable on this board to chime in about "fair"

08-20-2013, 12:18 PM	#1
Captain Kawaii So Fucking Banned Industry Role: Join Date: Oct 2007 Posts: 6,748	1% Jumping Ship in Record Numbers Next time a politician tries to wrap your kids in a flag and body bag to fight for the rich, remember these folks. I'm not necessarily blaming them. discuss WASHINGTON -- The number of individuals who renounced their U.S. citizenship jumped to 1,131 in the second quarter of this year, a whopping sixfold increase over the same three-month period in 2012, when just 189 Americans gave up their U.S. passports, as Bloomberg reported Friday. Although the departing don't always go public with their reasons, taxes seem to be a frequent complaint. Experts attribute the latest surge to tough new measures to be implemented next year by the Internal Revenue Service to locate and tax Americans' assets held overseas. http://www.huffingtonpost.com/2013/0...n_3744166.html

08-20-2013, 12:22 PM	#3
TheSquealer Mayor of Thneedville Industry Role: Join Date: Oct 2004 Posts: 25,334	Waiting for the poor and unemployable on this board to chime in about "fair" __________________ . Yes, fewer illegal immigrants working equates to more job opportunities for American citizens. Rochard

08-20-2013, 12:23 PM	#4
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	They're hiding their money offshore so it can't be taxed in the first place. That's what's called a loophole, which is a term used for a way to get around something you should be doing. Tough shit. Game over. Pay it. __________________ 43-922-863 Shut up and play your guitar.

08-20-2013, 01:14 PM	#6
RubyGoodnight Confirmed User Industry Role: Join Date: Oct 2011 Location: SE New England Posts: 577	I'm pretty sure there's a tax loophole where you "need" to pay income taxes for X number of years even after you've renounced your citizenship? Exit taxes as well. Pretty shit, no matter how you look at it. __________________ Just your run of the mill former fetish performer who is now writing for adult web sites. If you want authentic detail that gets noticed, get in touch. email: smut [at] rubygoodnight [dot] com \| twitter: @RubyGoodnight \| Skype: RubyGoodnight portfolio : rubygoodnight.com \| non-exclusive adult written content: downloads.rubygoodnight.com Last edited by RubyGoodnight; 08-20-2013 at 01:19 PM..

08-20-2013, 01:34 PM	#7
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 74,218	The fucking loopholes for taxes are comical. About time they got closed. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

08-20-2013, 12:20 PM	#2
TheSquealer Mayor of Thneedville Industry Role: Join Date: Oct 2004 Posts: 25,334	Blame Obama and taxes. Demonize those who make the money and create the jobs and try to confiscate more and more of their wealth and they tend to go where they are appreciated.

08-20-2013, 01:10 PM	#5
Captain Kawaii So Fucking Banned Industry Role: Join Date: Oct 2007 Posts: 6,748	Woz from Apple is going for citizenship in Australia. Guess he likes kangaroos.

08-20-2013, 01:45 PM	#9
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	In 2010 the tax code was 71,684 pages. 99% of which were tax exemptions/credits/loopholes. We should have a basic simple 3-5 page tax code. When your average citizen can't read and understand the tax code something is fucked.

08-20-2013, 01:55 PM	#12
Fat Panda Porn is Dead. Move along. Industry Role: Join Date: Aug 2006 Posts: 13,295	rofl. 99% of the people leaving are NOT in the top 1% dumbfucks

08-20-2013, 01:56 PM	#13
DWB Registered User Industry Role: Join Date: Jul 2003 Location: Encrypted. Access denied. Posts: 31,779	Make sure you have a chair when the music stops.