2012 tax topics
24-Jan-12: US and Canadian tax compliance update
14-Feb-12 US immigration and citizenship planning for high net worth clients
INCLUDES “SURPRISE! Your Client May Be an American Citizen and Not Know It” AND “Terminating American Citizenship”
AND Difficult cases – children, young adults or diminished mental capacity
This post is also on the RenounceUScitizenship site.
Yesterday I wrote a post describing why FBAR and FATCA will make U.S. born children unadoptable. After all, they carry with them U.S. tax filing and reporting obligations. The general toxicity of U.S. citizenship is such that non-U.S. citizens will NOT wish to risk financial involvement with U.S. citizens. Here is another example.
YET ANOTHER TWIST: It is requested by this BC adoption agency that word be spread to any Canadians who have adopted a child from the US: http://www.sunriseadoption.com/node/938
All children born in the USA and adopted by Canadians over the past number of years (of which there are several hundred) are US citizens. This, of course, brings a number of rights and responsibilities. For example, they would be subject to a military draft.
The USA is the only country in the world that requires its citizens to report on their world-wide income, file a tax return, and pay US taxes, no matter where they live and irrespective of what other citizenship they hold. Continue reading
The US is all about having total world control. The FACTA is merely the largest extension of this scheme to date. US citizens who live abroad are still required to file US tax returns even though they receive no real benefit from any US Government services. The US Government’s true desire is to have leverage over the maximum number of people, companies, and whole countries that they possibly can. I think this fact alone explains the $450 renunciation fee. They simply don’t want to lose control over people. It’s not really Continue reading
Do you remember a time when Barack Obama was considered a unifier? He is the most divisive figure in U.S. politics. He has also managed to:
- turn five million U.S. citizens living in other countries against the U.S.
In another superb post, Daniel Mitchell of the CATA institute explains why:
I made the following comment at the American Thinker, which has lately published a spate of articles saying that Ron Paul is a nut case. I ask, what could be more insane than $1.5 trillion deficits with no end in sight? Of course, I won’t be voting in the next election.
I was born and raised in Minnesota, one of four children of Canadian parents. Since all my cousins and aunts and uncles lived in Canada, we traveled across the border frequently as I was growing up. I spent my summers at a YWCA camp on an island in the Canadian waters of Lake of the Woods, with my sisters and my Canadian cousins. After finishing an undergraduate degree in biology, I immigrated to Canada in 1969, during the Vietnam war. I did a PhD in developmental neurobiology and Continue reading
There are many Canadians supporting the Florida economy, as well as that of Arizona and other USA winter retreats !!!
Tax Freedom day in Canada is June 6; in the United States it is April 12. In the United States, 50% of wage earners pay only 3% of the total income taxes. Do you see a problem?