Who’s bailing out of America? Is it the piddly-poor people? You’re not that stupid, I hope. No, it’s the RICH people; it’s the people who would have paid their taxes and contributed to the U.S. economy if we just didn’t have a Marxist-in-Chief demagogue who demonized wealth-builders and job creators whose money provides the capital necessary to make America grow.
So liberals are going to dismissively say, “Oh, it’s only 1,800 people. No big deal.” Because they are DUMBASSES. These are 1,800 people we CAN’T afford to lose. And if Obama gets re-elected, you will see a lot of their rich friends giving up on Obama’s God damn America and doing the same thing.
Taxes Prompt More Americans to Renounce Citizenship
Published: Monday, 16 Apr 2012 | 3:21 PM ET
A year ago, in Action Comics, Superman declared plans to renounce his U.S. citizenship.
“‘Truth, justice, and the American way’ — it’s not enough anymore,” the comic book superhero said, after both the Iranian and American governments criticized him for joining a peaceful anti-government protest in Tehran.
Last year, almost 1,800 people followed Superman’s lead, renouncing their U.S. citizenship or handing in their Green Cards. That’s a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It’s also almost eight times more than the number of citizens who renounced in 2008, and more than the total for 2007, 2008 and 2009 combined.
But not everyone’s motivations are as lofty as Superman’s. Many say they parted ways with America for tax reasons.
The United States is one of the only countries to tax its citizens on income earned while they’re living abroad. And just as Americans stateside must file tax returns each April — this year, the deadline is Tuesday — an estimated 6.3 million U.S. citizens living abroad brace for what they describe as an even tougher process of reporting their income and foreign accounts to the IRS. For them, the deadline is June.
The National Taxpayer Advocate’s Office, part of the IRS, released a report in December that details the difficulties of filing taxes from overseas. It cites heavy paperwork, a lack of online filing options and a dearth of local and foreign-language resources.
For those wishing to legally escape the filing requirements, the only way is to formally renounce their U.S. citizenship. Last year, IRS records show that at least 1,788 people did, and that’s likely an underestimate. The IRS publishes in the Federal Register the names of those who give up their citizenship, and some who renounced say they haven’t seen their name on the list yet.
The State Department said records it keeps differ from those published by the IRS. They indicate that renunciations have remained steady, at about 1,100 each year, said an official.
The decision by the IRS to publish the names is referred to by lawyers as “name and shame.” That’s because those who renounce are seen as willing to give up their citizenship primarily for financial reasons.
The People’s Communist Republic of California just discovered – omigod who ever would have guessed – that their revenues are falling FAR short of what the commissars predicted. And why? A big reason is because there is an exodus to get the damn hell OUT of a liberal hellhole. See also here for the type of weasel that California has for its governor.
And the same is true of Obama’s regime. And eight times more Americans bailed out of Obama’s God Damn America than in 2008.
You’ve got a tiny group of people paying an overwhelmingly huge percentage of federal income taxes even as the president of their country DAILY demonizes them and demands they “pay their fair share.” There’s nothing “fair” about that; it is nothing more than a wicked man from a wicked political party constantly demagoguing a group of people hoping to ignite the rage of a bigger group of people.
Which is to say that the “name and shame” ought to be directed at Barack Obama and his evil policies.
Now give YOURSELVES jobs, poor people. Hire and pay yourself. Either that or suck off the dwindling number of taxpayers like a parasite. Because those are your only two choices after Barack Obama has undermined the U.S. economy.