Record Number of US Citizenship Renouncements

Discussion in 'Blazers OT Forum' started by BLAZER PROPHET, Feb 18, 2014.

Moderators: 6

Moderators

  1. BrianFromWA
  2. Chris Craig
  3. Darkwebs
  4. Ed O
  5. PtldPlatypus
  6. SlyPokerDog
Page 2 of 3
  1. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,338
    Likes Received:
    25,362
    Trophy Points:
    113
    Location:
    Blazer OT board
    Why should we care if some people living abroad are renouncing their citizenship? I'm not clear on the point of this thread.

    barfo
     
    barfo, Feb 23, 2014
    #21
  2. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    If you work for a company that wants to put you to work in the london or paris office, you're fucked by the tax situation. You might not be working for the company forever, or they might want to station you back in the states down the road.
     
    Denny Crane, Feb 23, 2014
    #22
  3. BlazerCaravan

    BlazerCaravan Hug a Bigot... to Death

    Joined:
    Sep 20, 2008
    Messages:
    28,071
    Likes Received:
    10,384
    Trophy Points:
    113
    Technically, it's an "and" not an "or", though I wouldn't put it past libertarians to think that not being taxed is tantamount to gaining eternal life.
     
    BlazerCaravan, Feb 23, 2014
    #23
  4. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    Technically, you're not right :)

    It's "or."
     
    Denny Crane, Feb 23, 2014
    #24
  5. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    68,298
    Likes Received:
    67,316
    Trophy Points:
    113
    I spent 18 years overseas working and it was tax free up to 72k in income annually. 20%tax from the local government for the first 6 months, then dropped to 6%. It was in Asia but I didn't experience these outrageous taxes there. I came back to Oregon and invested all the money I made overseas in Oregon. The opposite of outsourcing..where's my medal?
     
    riverman, Feb 23, 2014
    #25
  6. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,338
    Likes Received:
    25,362
    Trophy Points:
    113
    Location:
    Blazer OT board
    A reasonable point. Of course you could simply negotiate a better package that would cover your extra tax expenses, or turn down the transfer/ find a different job. It isn't so different from being transferred to someplace where the cost of living is higher, or the people are unfriendly, or the weather is bad.

    barfo
     
    barfo, Feb 23, 2014
    #26
  7. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    68,298
    Likes Received:
    67,316
    Trophy Points:
    113
    And on another note, rent just skyrocketed in the Cayman Islands along with the price of single malt scotch
     
    riverman, Feb 23, 2014
    #27
  8. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    London and Paris aren't cheap as it is. The government is encouraging this behavior through the tax code, and it's SNAFU as usual.
     
    Denny Crane, Feb 23, 2014
    #28
  9. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,338
    Likes Received:
    25,362
    Trophy Points:
    113
    Location:
    Blazer OT board
    At worst, it's making it a little harder for companies to transfer US employees overseas. Doesn't seem like a huge deal to me. If people overseas want to renounce their citizenship in order to save a little money on taxes, I say go for it.

    Tax code probably is stupid in this regard, but hell, the tax code is stupid in a lot of much bigger more important ways.

    barfo
     
    barfo, Feb 23, 2014
    #29
  10. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    I gave you one example. Mook is being hurt by paying double taxes.

    Tough to sell those government motors cars overseas if they have trouble finding sales guys to send overseas.
     
    Denny Crane, Feb 23, 2014
    #30
  11. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,338
    Likes Received:
    25,362
    Trophy Points:
    113
    Location:
    Blazer OT board
    Seriously doubt American car salesmen would be at all useful overseas. Plus, of course, the car salesmen here don't work for GM. But hey, nice example.

    barfo
     
    barfo, Feb 23, 2014
    #31
  12. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    68,298
    Likes Received:
    67,316
    Trophy Points:
    113
    They also want to hire in house much the same as we do here. Part of this is to make hiring a citizen attractive to foreign investors. I've never been to or worked in Europe and I'm sure it's an expensive place to live but we don't really hire Japanese salesmen to work selling Hondas here after all
     
    riverman, Feb 23, 2014
    #32
  13. BlazerCaravan

    BlazerCaravan Hug a Bigot... to Death

    Joined:
    Sep 20, 2008
    Messages:
    28,071
    Likes Received:
    10,384
    Trophy Points:
    113
    Regardless of what you pay in taxes, you'll also die. Just sayin'.
     
    BlazerCaravan, Feb 23, 2014
    #33
  14. jlprk

    jlprk The ESPN mod is insane.

    Joined:
    Sep 25, 2009
    Messages:
    30,672
    Likes Received:
    8,852
    Trophy Points:
    113
    Occupation:
    retired, while you work!
    According to conservatives, citizenship renouncers are traitors during Republican administrations, and merely harassed taxpayers during Democratic administrations.

    Actually, the only time in American history when emigration exceeded immigration was in the Depression, to the new Soviet Union and other countries protected from the worldwide Depression. I've read that many times for decades.
     
    jlprk, Feb 23, 2014
    #34
  15. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    You're stuck paying the taxes, whichever comes first. You can renounce citizenship without dying.
     
    Denny Crane, Feb 24, 2014
    #35
  16. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    FWIW, there are 7.6 million american citizens living abroad.
     
    Denny Crane, Feb 24, 2014
    #36
  17. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    I'm not talking about the guy who sells cars at the car lots. I'm talking about the guy who sells tens of thousands of cars to all the dealers there.
     
    Denny Crane, Feb 24, 2014
    #37
  18. riverman

    riverman Writing Team

    Joined:
    Nov 15, 2013
    Messages:
    68,298
    Likes Received:
    67,316
    Trophy Points:
    113
    Just a note on this subject, My friend's son works for a huge computer corporation in the Bay area and travels to sell tens of thousands of units in asia but has no need to reside there. Does the job once every couple of months and most of his work is handled via Skype, etc...wouldn't it be in your friend's best interest to just travel when it was necessary instead of paying expat taxes?
     
    riverman, Feb 24, 2014
    #38
  19. mook

    mook The 2018-19 season was the best I've seen

    Joined:
    Sep 16, 2008
    Messages:
    8,309
    Likes Received:
    3,944
    Trophy Points:
    113
    Occupation:
    Buy a recipe binder at CookbookPeople.com
    Location:
    Jolly Olde England
    I had no idea there were that many of us. Still, only 3,000 gave up citizenship, so I guess it can't be that bad.....I hope. Waiting to see what my tax bills will be like.
     
    mook, Feb 24, 2014
    #39
  20. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    3,000 a year over 10 years is 30,000. Is that a bigger number? More meaningful? :)
     
    Denny Crane, Feb 24, 2014
    #40
Page 2 of 3

Share This Page