Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
Taxes
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Babagounj" data-source="post: 1134040" data-attributes="member: 12952"><p>[h=1]U.S. citizens ditch passports in record numbers[/h][h=2]If the recent quarter's pace continues, 2013 will become a landmark year for saying goodbye to America, tax-wise.[/h]</p><p>FORTUNE -- Americans are ditching their U.S. passports in record numbers, a sign of growing frustration with a system that taxes U.S. citizens on their global wealth whether they live in Montana or Mongolia.</p><p> The latest bold-faced names to relinquish their U.S. citizenship include Mahmood Karzai, a brother of Hamid Karzai, the president of Afghanistan, according to federal data released Wednesday. Also on the list, published quarterly by the Internal Revenue Service, is Isabel Getty, the daughter of jet-setting socialite Pia Getty and Getty oil heir Christopher Getty.</p><p> In total, more than 670 U.S. passport holders gave up their citizenship -- and with it, their U.S. tax bills -- in the first three months of this year. That is the most in any quarter since the I.R.S. began publishing figures in 1998. And it is nearly three-quarters of the total number for all of 2012, a year in which the wealthy songwriter-socialite Denise Rich (christened "Lady Gatsby" by <em>Yachting</em> magazine) and Facebook co-founder <a href="http://money.cnn.com/video/technology/2012/05/16/t-ts-facebook-saverin.cnnmoney" target="_blank">Eduardo Saverin</a> joined more than 932 other Americans in tossing their passports.</p><p>Expatriations first picked up pace in 2010, when more than 1,530 Americans dumped their passports.</p><p></p><p>So if the 1% leave , who will support the 99% ?</p></blockquote><p></p>
[QUOTE="Babagounj, post: 1134040, member: 12952"] [h=1]U.S. citizens ditch passports in record numbers[/h][h=2]If the recent quarter's pace continues, 2013 will become a landmark year for saying goodbye to America, tax-wise.[/h] FORTUNE -- Americans are ditching their U.S. passports in record numbers, a sign of growing frustration with a system that taxes U.S. citizens on their global wealth whether they live in Montana or Mongolia. The latest bold-faced names to relinquish their U.S. citizenship include Mahmood Karzai, a brother of Hamid Karzai, the president of Afghanistan, according to federal data released Wednesday. Also on the list, published quarterly by the Internal Revenue Service, is Isabel Getty, the daughter of jet-setting socialite Pia Getty and Getty oil heir Christopher Getty. In total, more than 670 U.S. passport holders gave up their citizenship -- and with it, their U.S. tax bills -- in the first three months of this year. That is the most in any quarter since the I.R.S. began publishing figures in 1998. And it is nearly three-quarters of the total number for all of 2012, a year in which the wealthy songwriter-socialite Denise Rich (christened "Lady Gatsby" by [I]Yachting[/I] magazine) and Facebook co-founder [URL="http://money.cnn.com/video/technology/2012/05/16/t-ts-facebook-saverin.cnnmoney"]Eduardo Saverin[/URL] joined more than 932 other Americans in tossing their passports. Expatriations first picked up pace in 2010, when more than 1,530 Americans dumped their passports. So if the 1% leave , who will support the 99% ? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
Taxes
Top