Tax Evaders Renounce U.S. Citizenship Tuesday, January 24, 2012
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.
The advocate’s report cites two reasons for the renunciations. First, many taxpayers abroad say they are confused “by the complex legal and reporting requirements they face and are overwhelmed by the prospect of having to comply with them.”
Second, others have accused the Internal Revenue Service (IRS) of “bait and switch” tactics, telling Americans they can resolve their unpaid taxes under an “older voluntary disclosure programs with the promise of reduced penalties, only to find themselves subjected to steeper penalties.”......................>>>>....................>>>>...............http://www.allgov.com/US_and_the_World/ViewNews/Tax_Evaders_Renounce_US_Citizenship_120124
WOW!!! Leaving the greatest country on earth, in history... (?).... for another, what use to be, 2nd rate countries!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
WOW!!! Leaving the greatest country on earth, in history... (?).... for another, what use to be, 2nd rate countries!!!
YUP! Those tax deadbeats are extreme.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Don't those people know that the money they earn is the collective property of everybody our government says it belongs to? They need a collectivist re-education. This individualism is dangerous.
Don't those people know that the money they earn is the collective property of everybody our government says it belongs to? They need a collectivist re-education. This individualism is dangerous.
Cicero wants a free ride too! His Own Personal ENTITLEMENT!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
That doesn't even make sense. Unless you are suggesting that keeping the money I earn is an entitlement. Which would make sense coming from you.
Cicero takes, and takes and takes... when it comes time to "G I V E" in the form of paying his taxes... Cicero cries like a John Boehner... "It's My Money! Do you hear?" MINE MINE MINE!" The pittance he may pay in taxes causes Cicero great grief and consternation... Meanwhile he feels no responsibility to pay his taxes to fund the military, the US infrastructure or the government services that keep him safe and healthy.
The Term "Tax DeadBeat" seems to apply!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Box why is it always the elected Dems that have to pay their back taxes before they take office?
I don't know if your assumption is true... but possibly the Republicans have already had their debts and back taxes paid by lobbyists and bribes.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
How embarrassing this must be for President Obama, whose major speech theme so far this campaign season has been that every single American, no matter how rich, should pay their "fair share" of taxes.
Because how unfair -- indeed, un-American -- it is for an office worker like, say, Warren Buffet's secretary to dutifully pay her taxes, while some well-to-do people with better educations and higher incomes end up paying a much smaller tax rate.
Or, worse, skipping their taxes altogether.
A new report just out from the Internal Revenue Service reveals that 36 of President Obama's executive office staff owe the country $833,970 in back taxes. These people working for Mr. Fair Share apparently haven't paid any share, let alone their fair share. Previous reports have shown how well-paid Obama's White House staff is, with 457 aides pulling down more than $37 million last year. That's up seven workers and nearly $4 million from the Bush administration's last year.
Nearly one-third of Obama's aides make more than $100,000 with 21 being paid the top White House salary of $172,200, each.
The IRS' 2010 delinquent tax revelations come as part of a required annual agency report on federal employees' tax compliance. Turns out, an awful lot of folks being paid by taxpayers are not paying their own income taxes.
The report finds that thousands of federal employees owe the country more than $3.4 billion in back taxes. That's up 3% in the past year.
That scale of delinquency could annoy voters, hard-pressed by their own costs, fears and stubbornly high unemployment despite Joe Biden's many promises.
The tax offenders include employees of the U.S. Senate who help write the laws imposed on everyone else. They owe $2.1 million. Workers in the House of Representatives owe $8.5 million, Department of Education employees owe $4.3 million and over at Homeland Security, 4,697 workers owe about $37 million. Active duty military members owe more than $100 million.
The Treasury Department, where Obama nominee Tim Geithner had to pay up $42,000 in his own back taxes before being confirmed as secretary, has 1,181 other employees with delinquent taxes totaling $9.3 million.
As usual, the Postal Service, with more than 600,000 workers, has the most offenders (25,640), who also owe the most -- almost $270 million. Veterans Affairs has 11,659 workers owing the IRS $151 million while the Energy Department that was so quick to dish out more than $500 million to the Solyndra folks has 322 employees owing $5 million.
The country's chief law enforcement agency, the Department of Justice, has 2,069 employees who are nearly $17 million behind in taxes. Like Operation Fast and Furious, Attorney General Eric Holder has apparently missed them too.
As with ordinary people, the IRS attempts to negotiate back-tax payment plans with all delinquents, whose names cannot be released. But according to current federal law, the only federal employees who can be fired for not paying taxes are IRS workers.
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