The United States Government uses, on average, $54 million per year to locate its expat U.S. citizens and their assets in the bizarre government expat-locator program called FATCA.
FATCA, the Foreign Account Tax Compliance Act, was designed to locate 9 million U.S. citizens residing overseas and their assets.
Indeed, there is also a quantity of U.S. citizens who have savings and investments overseas, and also a U.S. immigrant population whose assets might remain in their country of origin. However, the greatest population of persons sought in the FATCA program are the 9 million U.S. expats. With respect to the 9 million, those quantities are nearly negligible, and it is quite accurate to say that the population that FATCA seeks to locate is approximately the 9 million U.S. expats. And the Obama rollout of FATCA pointed out that it was Americans overseas that were the object of FATCA.
$54 million / 9 million = $6 of costs to locate each of the U.S. citizens overseas.
Q: What value does America put on its expats? A: 6 bucks a piece. #FATCA