Expatriation

Posted by jimslag 3 years, 11 months ago to Politics
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Another record of US Citizens leaving for good in 2016. 4 years of record highs under the Great Obama. I am sure FATCA has something to do with it also. Like all the others we are free to leave if we choose. I cannot unless I come up with another source of income besides my military retirement. I can still leave for residence but cannot repatriate, so I still have to pay good old Uncle Sam no matter where I decide to settle.
SOURCE URL: http://finance.yahoo.com/news/americans-renouncing-citizenship-record-high-202041456.html


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  • Posted by jdg 3 years, 11 months ago
    FATCA is more of a reaction to the exodus than a cause. Among other provisions, if the government decides that avoiding US taxes was among your reasons for giving up US residence or citizenship, they will hit you with a huge exit tax. So best to keep quiet about why until you're safe.

    I guess enough people are now "shrugging" to hurt the bastards, even if it doesn't show.
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  • Posted by chad 3 years, 11 months ago
    I have thought of leaving several times and had plans on where to go and what I would do, however because my children and grand children live here I remain to be close to them. Love visiting with them often and watching little ones grow up. Read some where that tyrannies use the devotion to family to keep more of their subjects under control. Might have to live like THX 1138.
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  • Posted by mia767ca 3 years, 11 months ago
    my girlfriend and i just dropped off the grid...we bought an RV...now we workcamp...travel and work...pays the bills...and meet great people...record numbers are off the grid...raising familes, getting out from under housing debt or been priced out of the market...our next job is this summer in Yellowstone...then Amazon distribution ctr in dallas...we have work in 2018 already lined up...go to: workamper.com...8-10 job opennings every day...
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  • Posted by $ Abaco 3 years, 11 months ago
    I saw that article and thought that it's really misleading. It doesn't go back to some tax code. It comes down to the fact that more and more upper-middle class Americans are concerned that staying here will not be as good as leaving. Plain and simple.
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  • Posted by $ AJAshinoff 3 years, 11 months ago
    In 1987-88 I was in the Navy and drydocked in Norway for two months. After spending time with a few women and cooking for one it was time to return to the States. The woman I cooked for, as fortune would have it, was part owner in a restaurant, and, because I was with 3 months of discharge, invited me to live and work with her. Facing the idea if leaving America hit me like a wall. An assured job in a beautiful location with a seductive and alluring woman was a sure thing and thououghky enticing. In the end it came down to the country, I've seen a fair share of the US and knew my rights and Norway, in spite of everything, had alien rules and rights (I experienced some of them first hand while there). Obviously I returned home and here I am. For me it wasn't about money, it was home.
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    • Posted by term2 3 years, 11 months ago
      But it IS different here in the USA from when I was in college in the 70's. All bets are off as to what powers the government has now. There seems to be no limit.
      There is a TV series Lilyhammer on netflix, and assuming they accurately portray life in Norway, I couldnt handle the social control there along with the regulations and restrictions imposed on citizens. I suspect there are other countries that would offer better advantages than the USA at this point.
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    • Posted by CircuitGuy 3 years, 11 months ago
      "I was with 3 months of discharge"
      When I first saw this I thought this was slang for having 3 months of light or no duty to offset the always-on nature of work at sea, but now I get it. My dad was on the Kennedy, but I don't know much about the Navy beyond the few stories he tells. He got to see some sights of the world at a young age, but it seems like the job was a stressful kind of boredom. His friends got sent to Vietnam, and he went to the Mediterranean for the Jordanian Crisis. His job involved prepping (the 7 Ps), drilling, and then waiting for a fight that never came while his friends by sheer luck did have to fight.

      A few years ago, I read They Marched into Sunlight about those years about a battle in Vietnam that happened at the same time as a protest in Madison. It is so weird to read because my parents and extended family remember those days. Aspects of the 60s university officials, some whom my family knows, are oddly reminiscent of people I know today. It's odd to read about Paul Saglin using his winter coat to protect himself from being beaten. Eight years later he became mayor, and is mayor right now. My grandmother said the Sterling Hall Bombing shook their house, and she immediately. It seems like it was a different world because I was born in '75, but it some ways oddly familiar.
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      • Posted by 3 years, 11 months ago
        My aunt and uncle lived about 4 blocks from the campus in Madison at that time as my uncle was a lawyer, I believe with the state. Anyway, I was in elementary school but was a military brat and lived on bases when dad was in the states. I was born in 1959, so I got to see the sixties but was to young to really understand. However I knew something wasn't right whenever there was a protest at whichever base we were on at the time. I knew plenty of airmen and soldiers who went to Nam but came back injured or didn't come back at all. My "best friend" Clarence was killed and came back in a coffin. So I knew the era but was to young to be drafted.
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      • Posted by lrshultis 3 years, 11 months ago
        I left grad school three years before the bombing but had visited a professor from Liverpool, father of my girlfriend, who worked there. There were a lot of protests going on when I left with a lot of antiwar skits by leftists at the Memorial Union. One of my brothers and his wife gave some counter demonstrations about how the protesters could be resulting in Americans being killed due to the protests.When my brother returned from Vietnam, the plane was met by protesters screaming "baby killers" and pelting the soldiers with eggs. I was once stopped by three guys to be accused of being responsible for the killing in Vietnam. Actually, I was too busy learning mathematics to worry much about politics at the time.
        For those too young to remember the bombing, here is an obituary and history of what happened.

        http://www.nytimes.com/2010/06/27/us/...
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        • Posted by CircuitGuy 3 years, 11 months ago
          "I was too busy learning mathematics to worry much about politics at the time."
          My aunt said almost the exact same thing. It's uncanny.

          "When my brother returned from Vietnam, the plane was met by protesters screaming "baby killers" and pelting the soldiers with eggs."
          My father says you could get a discounted or free ticket if you flew in uniform, but it was unpleasant to fly into Madison in uniform because of this type of taunting. I've heard it has been exaggerated and perhaps memories have been corrupted by movies like First Blood. My father insists the taunting was real. He said even people who were not against the war but not involved with the military had a negative stereotype of veterans.
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    • Posted by 3 years, 11 months ago
      I was in the Navy also (1980-2001) but what I experienced was on the other side of the world and I ran into similar experiences. I was stationed in the Philippines and met a very nice Filipina who was a schoolteacher. Similar offer to stay when I got out, again close to discharge but reenlisted and returned to the US.
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      • Posted by term2 3 years, 11 months ago
        i think we are substantially tribal people- we feel comfortable in the culture we grew up in (unless it was really a bad one). I feel the desire to live among fellow deplorables, and away from hillary leftists. Our constitution wasnt such a bad thing, so long as its upheld.
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      • Posted by $ AJAshinoff 3 years, 11 months ago
        I had no intention of reenlisting. Still, Norway was amazingly beautiful, the people were friendly and knew how to party and the women loved dark haired men :). I just couldn't bring myself to leaving the US with so much I haven't seen and done. Since then I've explored the US a bit more but then I got married and now I'm pretty much stationary. I do wonder what life may have been like had I stayed - the deep black waters of the fjordes, the black-market no-label Russian vodka, fresh seafood, and warm and welcoming blond haired women. Sigh...hindsight

        But I do have a woman who loves me and two adult children. I shouldn't complain.
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  • Posted by Davidbergeron 3 years, 11 months ago
    We are slaves. You have to pay tax to uncle same no matter where you live, unless you give up citizenship. But you can't give up your citizenship until you have a new passport somewhere else (not fast or cheap) and if you do get a new passport and give-up US citizenship, you have to pay a large exit tax if you have appreciated assets. We are financially trapped here.
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    • Posted by term2 3 years, 11 months ago
      There is a solution to this. First of all, spend the money you have only on things which really benefit your life (and not the bottom lines of big companies like Walmart). That means you dont have to work as much, and therefore pay less tax. US Citizenship is not that great a thing. Once you get it, you are indeed a slave to our government even if you try to leave. I think there are a lot of "virtual expats" that just move to places like Costa Rica and have a great life. I do think it takes a lot of planning and wealth building to do that, however.
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  • Posted by 3 years, 11 months ago
    I will leaving for Belize in a couple of months, as soon as I get my affairs in order. I have a lot of junk accumulated over 30 years or so. I have lots of stuff I carried around the world while in the military, papers and such that I am going through. Why in the world I would need Leave and Earning statements (LES's) from the 1980's I will never know but they are going in the burn barrel along with old utility bills and newsletters that are decades old that I retained for some unknown reason.
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    • Posted by $ TomB666 3 years, 11 months ago
      Please post more about Belize when you get there. We have only been there once for a very short (cruise ship) visit and only saw poverty or very wealthy. I've heard about it being such a wonderful place to retire to from people selling property there, but that makes me cautious - no one tells you that you should buy something in a slum, they always make it sound like paradise.
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    • Posted by 3 years, 11 months ago
      Just to let everyone know, I am not leaving the US because of Trump. I am going to Belize because my mom and stepdad moved there 3 years ago and I am going to be with them. I really don't care who is in office, well, except Hillary, whoever becomes the Commander-in-Chief. President Trump seems to love the military and they seem to love him. I cannot say the same about the former President, just look at how many Generals and Admirals he fired because they would not toe to his mantra on foreign relations. Not all military is seek and destroy, that is what we were good at but there is also the down time and getting to know people, local people in many places and different cultures. I still have many friends in many places around the world and will continue that in the future, including many on this forum. You can soon add that you know someone in Belize.
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  • Posted by term2 3 years, 11 months ago
    Bill Clinton was the one who made it hard to renounce citizenship without paying off the US government in advance for any "gains" not yet realized, and agreeing to pay taxes here for I think 10 years after. They always protect their income stream.
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  • Posted by freedomforall 3 years, 11 months ago
    Even those who have other income and assets are often refused residence in first world countries. You are in good company, shared economic enslavement by the state.
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