Americans Turn In Passports as New Tax Law Hits

Discussion in 'Politics' started by gwb-trading, Sep 5, 2013.

  1. Tsing Tao

    Tsing Tao

    You wouldn't use a Russian bank. But well off American expats in Russia/former CIS countries use it, and don't give a damned about any box to check on any form the US requires. And the IRS will never be the wiser.

    I'm sure Russia isn't the only place this is happening.
     
    #21     Sep 6, 2013
  2. Tsing Tao

    Tsing Tao

    You do realize, you inept pile of sewage, that no one is communist in Russia anymore, and that our government exhibits far more communist like behavior than the Russians do, don't you? Of course you don't. You're not that well read. But don't worry, the internet will always have a place for the loud mouthed, uneducated drivel that "folks" like you spill.
     
    #22     Sep 6, 2013
  3. Ricter

    Ricter

    How would you measure this? (Analysis, not anecdote, please.)
     
    #23     Sep 6, 2013
  4. In this thread you tell people to put their money in a commie Russian bank and evade American tax laws. You are a criminal. If you actually believe Russia is less communist than the USA, then you have a mental problem. Good luck overcoming your criminal tendencies while being mentally challenged.
     
    #24     Sep 6, 2013
  5. Lucrum

    Lucrum

    April 3, 2013

    Senator Patty Murray

    Senator Maria Cantwell

    Washington, DC, 20510

    Dear Senator:

    I have tried to live by the rules my entire life. My father was a Command
    Sergeant Major, U.S. Army, who died of combat related stresses shortly after
    his retirement. It was he who instilled in me those virtues he felt
    important - honesty, duty, patriotism and obeying the laws of God and of our
    various governments. I have served my country, paid my taxes, worked hard,
    volunteered and donated my fair share of money, time and artifacts.

    Today, as I approach my 79th birthday, I am heart-broken when I look at my
    country and my government. I shall only point out a very few things
    abysmally wrong which you can multiply by a thousand fold. I have calculated
    that all the money I have paid in income taxes my entire life cannot even
    keep the Senate barbershop open for one year! Only Heaven and a few
    tight-lipped actuarial types know what the Senate dining room costs the
    taxpayers. So please, enjoy your haircuts and meals on us.

    Last year, the president spent an estimated $1.4 billion on himself and his
    family. The vice president spends $ millions on hotels. They have had 8
    vacations so far this year! And our House of Representatives and Senate have
    become America's answer to the Saudi royal family. You have become the
    "perfumed princes and princesses" of our country.

    In the middle of the night, you voted in the Affordable Health Care Act,
    a.k.a. "Obama Care," a bill which no more than a handful of senators or
    representatives read more than several paragraphs, crammed it down our
    throats, and then promptly exempted yourselves from it, substituting your
    own taxpayer-subsidized golden health care insurance.

    You live exceedingly well, eat and drink as well as the "one percenters,"
    consistently vote yourselves perks and pay raises while

    making 3.5 times the average U.S. individual income, and give up nothing
    while you (as well as the president and veep) ask us to sacrifice due to
    sequestration (for which, of course, you plan to blame the Republicans,
    anyway).

    You understand very well the only two rules you need to know - (1) How to
    get elected, and (2) How to get re-elected. And you do this with the aid of
    an eagerly willing and partisan press, speeches permeated with a certain
    economy of truth, and by buying the votes of the greedy, the ill-informed
    and under-educated citizens (and non-citizens, too, many of whom do vote)
    who are looking for a handout rather than a job. Your so-called "safety net"
    has become a hammock for the lazy. And, what is it now, about 49 or 50
    million on food stamps - pretty much all Democratic voters - and the program
    is absolutely rife with fraud with absolutely no congressional oversight?

    I would offer that you are not entirely to blame. What changed you is the
    seductive environment of power in which you have immersed yourselves. It is
    the nature of both houses of Congress which requires you to subordinate your
    virtue in order to get anything done until you have achieved a leadership
    role. To paraphrase President Reagan, it appears that the second oldest
    profession (politics), bears a remarkably strong resemblance to the oldest.

    As the hirsute first Baron John Emerich Edward Dalberg Acton (1834 - 1902),
    English historian and moralist, so aptly and accurately stated, "Power tends
    to corrupt, and absolute power corrupts absolutely. Great men are almost
    always bad men." I'm only guessing that this applies to the female sex as
    well. Tell me, is there a more corrupt entity in this country than Congress?

    While we middle class people continue to struggle, our government becomes
    less and less transparent, more and more bureaucratic, and ever so much more
    dictatorial, using Czars and Secretaries to tell us (just to mention a very
    few) what kind of light bulbs we must purchase, how much soda or hamburgers
    we can eat, what cars we can drive, gasoline to use and what health care we
    must buy. Countless thousands of pages of regulations strangle our
    businesses costing the consumer more and more every day.

    As I face my final year, or so, with cancer, my president and my government
    tell me "You'll just have to take a pill," while you, Senator, your
    colleagues, the president, and other exulted government officials and their
    families will get the best possible health care on our tax dollars until you
    are called home by your Creator, while also enjoying a retirement beyond my
    wildest dreams, which of course, you voted for yourselves and we pay for.

    The chances of you reading this letter are practically zero as your staff
    will not pass it on, but with a little luck, a form letter response might be
    generated by them with an auto signature applied, hoping we will believe
    that you, our senator or representative, has heard us and actually cares.
    This letter will, however, go online where many others will have the chance
    to read one person's opinion, rightly or wrongly, about this government, its
    administration and its senators and representatives.

    I only hope that occasionally you might quietly thank the taxpayer for all
    the generous entitlements which you have voted yourselves, for which, by
    law, we must pay, unless, of course, it just goes on the $17 trillion
    national debt for which your children and ours, and your grandchildren and
    ours, ad infinitum, must eventually try to pick up the tab.

    My final thoughts are that it must take a person who has either lost his or
    her soul, or conscience, or both, to seek re-election and continue to
    destroy this country I deeply love and put it so far in debt that we will
    never pay it off, while your lot improves by the minute, because of your
    power. For you, Senator, will never stand up to the rascals in your House
    who constantly deceive the American people. And that, my dear Senator, is
    how power has corrupted you and the entire Congress. The only answer to
    clean up this cesspool is term limits. This, of course, will kill the goose
    that lays your golden eggs. And woe be to him (or her) who would dare to
    bring it up.

    I personally, and I would hope that all others may follow, will never again
    vote for any incumbent. Mayor, Council, Senate, Congress, or President
    included. Even if it means voting outside of party lines. If you can't vote
    for term limits, We the People, certainly can. If all sitting politicians
    are voted out, maybe the new incomers will get the hint. In just two short
    election periods, you could all be replaced. Maybe then, we could focus on
    real issues and not self-proclaimed entitlements.

    Sincerely,
    Bill Schoonover

    3096 Angela Lane

    Oak Harbor, WA 98277
     
    #25     Sep 6, 2013
  6. Tsing Tao

    Tsing Tao

    I'd start with the socialize the losses but privatize the profits behavior our government has exhibited in the last 5 years.
     
    #26     Sep 6, 2013
  7. Tsing Tao

    Tsing Tao

    [​IMG]
     
    #27     Sep 6, 2013
  8. gwb-trading

    gwb-trading

    That's strange - I spent the last two years as a IT consultant helping banks comply with FATCA. Sberbank is our customer and is ready to comply with FATCA. Sberbank has also put out multiple press releases about their compliance and has further urged the Russian government to to speed-up accession to FATCA by January 2014

    http://www.1prime.biz/news/_Russias.../0/{132C4AF9-4F54-4E3E-9AE9-26FAD3BEE844}.uif

    Bottom line: Every major bank world-wide is currently positioned to comply with FATCA. As a customer it will be difficult to avoid it unless you only use non-traditional banking.
     
    #28     Sep 6, 2013
  9. Ricter

    Ricter

    I put that in the crony capitalism category, not socialism.

    Anyway, where's the data? Government spending as a percentage of GDP? Per capita social welfare spending? Gini coefficient for context? Etc.
     
    #29     Sep 6, 2013
  10. Ricter

    Ricter

    That makes it hard enough to avoid compliance for the sake of one's cash alone, not even considering other assets.
     
    #30     Sep 6, 2013