Renouncing Citizenship Over Taxation

[sauerkraut]

Some people say it's Unpatriotic for Americans to not pay taxes, but right now we have almost half the population that pays zero taxes and get  tax refunds. IMO that's not fair  everyone should pay something in taxes even the poor and those on the public dole. It's not fair that people who pay zero taxes still get huge tax refunds with that tax credit and earned income credit. I favor a flat tax that's the most fair where everyone pays the same percentage.

[guido911]

Sorry guido, but what you proclaim and what the article discusses is apples and oranges. Scaling that to a year is less than 1% of the population and a large part are not actual citizens and it's in response to the Swiss no longer being a safe haven for hiding money.

Not proclaiming anything. Read the article. It's about people fed up with tax policy. Here's a passage:

Unlike other developed nations, the U.S. taxes citizens on income they earn anywhere in the world. The rule dates to the Civil War. U.S. tax liabilities can also cover children born to Americans abroad, extending the reach of the Internal Revenue Service across generations as well as oceans.  There are only partial offsets for double taxation for people who owe taxes both to the U.S. and a foreign country, and the reporting rules are onerous, experts say.

Here's another link.

http://www.forbes.com/sites/robertwood/2014/08/07/many-americans-renounce-citizenship-hitting-new-record/


So I think the message is don't put money in banks, put it under a mattress if you live abroad. 

[heironymouspasparagus]

Some people say it's Unpatriotic for Americans to not pay taxes, but right now we have almost half the population that pays zero taxes and get  tax refunds. IMO that's not fair  everyone should pay something in taxes even the poor and those on the public dole. It's not fair that people who pay zero taxes still get huge tax refunds with that tax credit and earned income credit. I favor a flat tax that's the most fair where everyone pays the same percentage.

Who ties your shoes for you??