Politics

Out of context: Reply #17307

  • Started
  • Last post
  • 33,773 Responses
  • ********
    0

    Tax Evaders Renounce U.S. Citizenship


    http://www.allgov.com/US_and_the…

    Rather than deal with the complexities of U.S. tax law, Americans living overseas are increasingly renouncing their citizenship in order to avoid paying their income taxes.

    According to National Taxpayer Advocate Nina E. Olson, approximately 4,000 people gave up their citizenship from fiscal year 2005 to FY 2010. Renunciations increased sharply within the past three years, from 146 in FY 2008 to 1,534 in FY 2010. And during the first two quarters of FY 2011 alone, 1,024 Americans ditched their citizenship.

    ********
    0Permalink
    UpvoteDownvote
    Flag
    • oh no, let's do ANYTHING to keep these cheats here. FREEZE THEM OUT!locustsloth
    • my bad, thought it said orporationslocustsloth
    • he he, it's freeloaders that took off, I guess that's always an option. Thought this was funny.
      ********
    • Thought it was illegal to renounce in order to evade taxesukit2
    Show [[ numHiddenNotes ]] more notesAdd Note
    SaveCancel

View thread