Pritzker Understated Income by $80 Million on.wsj.com/186tHVK via @wsj – Is some of this from #offshore sources?
— U.S. Citizen Abroad (@USCitizenAbroad) May 25, 2013
“………… after initially underreporting her income by nearly $80 million.
Her attorney, who filed the amendment with the Office of Government Ethics, blamed the omission on a “clerical error.”…………….
Right. And we have to sweat over a dollar in our local account if our total aggregate exceeds the FBAR threshold on any single day in a year? And a tiny local chequing and savings account held within walking distance of my residence in Canada might have been subject to a 50% penalty if it was deemed a willful omission?
But a buddy of Obama and the Democrats can even be considered for a government post like that?
I can’t put down here what I really want to say about this. Where is all the hypocritical BS about ‘offshore accounts’ and ‘foreign trusts’ etc. now?
Canadian duals with disabilities are taxed on meagre RDSPs by the IRS, but US government cronies can forget to report tens of thousands, or millions, and that is okay? The Treasury Secretary Geithner can underpay tax that is owed, and misreport income, but still trumpet that we’re the cause of the ‘tax gap’?
What scale of tax misbehaviour would it take to get some of those US homelanders with money and political connections actually treated the way that the IRS and Treasury treats all of us living legal lives outside the US – who have already paid our home government revenue agencies in full.
Exactly how egregious would US homelander offences have to be for those politically connected in order to actually face some kind of serious repercussions.?
‘Canadian grandmas’ spent legal Canadian funds to file US tax returns and FBARs in order to prove that they owed nothing, but US homelanders and Obama cronies ‘forget’ to report?
A perspective from outside the Homeland looking in
