http://news.yahoo.com/blogs/ticket/michigan-democrat-sen-carl-levin-retire-223007537–politics.html
I read the letter that is included with the article and in it he talks about his work to reign in tax avoidance and evasion. I notice though that in his critique of Americans who use such tools to avoid paying taxes that he uses the word “scheme” to describe the process by which they do so.
Now of course the question to be asked is that just how does one’s choice to live abroad or one’s birth abroad become a tax avoidance/evasion “scheme”? I believe that his own words clearly demonstrate that FATCA and FBAR are both totally unjustified laws as applied to the lives of innocent U.S. persons abroad.
On the other hand, for those who are struggling financially, tax obligations can feel like a burden they can’t shoulder. A 1000 dollar loan may seem like a lifeline in such situations, but it’s important to remember that accumulating additional debt can create more complications down the road.
