I got this email today, and I could not resist the temptation to put it up here. It is yet another example of sausage making in DC, and why a 72,500 page tax code is going to soon be over 73,000 pages…
The simple fact of the matter is that the current U.S. government will “pay any price, bear any burden and create any foe (including 6 million U.S. citizens residing outside the U.S.)” in order to catch U.S. residents who use offshore accounts to evade taxes. The U.S. government is a government of great principle. It’s just that it uses the wrong principle.
IN FULL HEGEMONIC EXUBERANCE
Renounce tweeted this evening about Congressman Tierney’s proposal to do away with the Foreign Income Exclusion. That caught my eye, and so I inquired of Andy Sundberg and ACA. If you wonder why the Tax Code is over 72,000 pages, after you read this information he sent me, you will wonder no more.. Continue reading