Liberty and justice for all United States persons abroad

The Isaac Brock Society

39 thoughts on “Nevada for Obama calls FATCA an Obama “Accomplishment” Take that DA”

  1. I’ll repost my comment here, since it will probably be deleted:

    In my view, FATCA is a federal crime since it is causing discrimination
    based on national origin.  Most local banks where I live are denying me
    financial services simply because I am a “US person”.  This is
    unacceptable.  FATCA needs to be redesigned to not harm the innocent.

  2. Hope bragging about being responsible for FATCA backfires on the Obama campaign. They obviously don’t care about those of us ‘abroad’. 

    And a shout-out to Joe Green, and the Democrats Abroad in Canada: knowing what you know about the anguish and oppression we’re experiencing because of FATCA and FBARs, and US citizenship-based taxation: will you really be able to get expatriate support for the candidate whose campaign brags that:

    100 in 100: Accomplishment No. 6

    By OFA_NV on July 17, 2012

    Accomplishment No. 6: Foreign Account Tax Compliance Act (FATCA) & Swiss bank accounts

    The Obama administration worked to get FATCA passed by Congress in
    2010 as a part of the U.S. crackdown on offshore tax cheating.”

    and lets add, those efforts by the Obama administration continues to work hard, preventing honest hard-working US persons living abroad from being able to live a normal life, and have an everyday bank account and mortgage where they actually live, and many were born – outside the US.
    What an accomplishment to be proud of.

  3. P.S Obama campaign, and Democrats Abroad. Did you trumpet that accomplishment – about Swiss bank accounts at the Obama fundraisers in Switzerland and other parts of the EU? “Democrats Abroad Switzerland, the U.S. party’s Swiss branch, said in a
    statement the event was expected to be the “single most important
    fundraising event” outside the United States for Obama’s campaign. Some
    participants said it would be the Democrats’ biggest fundraising event
    abroad to date    .” see http://www.vancouversun.com/entertainment/Clooney+star+guest+Obama+fundraiser+Switzerland/7155337/story.html and http://www.washingtontimes.com/news/2012/aug/27/inside-politics-clooney-headlines-obama-fundraiser/?page=all Didn’t any of those contributing at the party in Geneva have local Swiss accounts?

    What about dual Swiss-US citizens? Or US citizens legally resident for decades in Switzerland? Are they not allowed to have savings or mortgages? All Swiss accounts are bad? Even for those who actually live in Switzerland? Oh, I forgot. The only US citizens that count are the ones who stayed at home. Not the children born in other countries but still claimed as taxable by the US. They are taxable abroad in Switzerland by the US, but not allowed to have a local bank account where they happen to actually live – in Switzerland?

  5. Just loved the comment someone left about Americans living in “exotic places”  who were sure rich because they could afford European housing prices and therefore should be paying their “fair share.”

    Could not resist pointing out that for a French, just say you’re from “Vegas” and he/she will take you for a really REALLY rich American. 🙂 

  6. Romney: “47% of Americans pay no income tax….” Yet they are able to receive all benefits and services from the government because they live inside the homeland and have representation in congress.

    Expats are unable to receive any benefits or services whatsoever yet they are expected to pay for those who do. Moreover, expats have no representation in congress. Representatives from states where expats once lived do not and can not possibly represent the interests of expats who no longer live there. 

    Citizenship based taxation is an abuse. No honest person can argue the contrary.  

  7. *America has always needed an “enemy”.  Before it was the Indians, then the Brits, then the Africans, then the Jews, then the Nazis, then the Communists, then the Muslims and now it’s becoming the Americans abroad!

    Just in case it gets deleted, here’s my response to “fair share”:

    Americans who fled unemployment in the US and found work abroad are not “abandoning” anyone. Rather, they may have taken extreme measures to survive. Living abroad does not necessarily mean that one lives above the poverty line. Many people in Europe and Asia have a mortgage due to the simple, logical and understandable fact that they are “middle class”. With $16+ trillion debt, the US government needs to focus on protecting itself instead of wasting money on unnecessary and extreme concepts, given that Americans abroad pay taxes in the nations where they live to finance “protection” which is unrelated to US spending addictions.

    Thus, this “fair share” argument is based on racist generalizations and complete ignorance which couldn’t be further from reality.

  8. I only get 10 comments. Is that all or is my browser broken. Too funny about the “fair share” commenter. Really clueless he is!

  9. Hmmm.  Why would the Obama, Jarret and the Democratic party take such glee in the suffering they have imposed on expats?  Why would they single out this group for punishment?

    Well first of all expats aren’t the first group of successful middle class Americans who have been punished by the left, just look at the root causes of white flight. And since so many of you IBS’rs cannot figure it out, I’ll spell it out.

    Merely by choosing to live outside of the US you have committed an act of racism. That is white flight.  Andrew Young, the first black mayor of Atlanta had this to say about the whites who had fled crime in his inner city:  “No matter where they go, we will follow. No matter how far away they move, we will follow. They can’t escape us.” .

    Now I know that many IBS members are of mixed race or black and therefore feel that they are somehow inoculated against racism.  But this Democrat jihad over FATCA is a perfect case where that kind of liberal “trueism” is directly contradicted by real life.  Guess what, prosperous blacks, and asians and all the various mixes of races are all equally guilty of white flight when they flee the problems that government dependence brings.  As a US person it is not only your duty to pay any and all taxes deemed necessary by TPTB, but it is also your duty to integrate with any new neighbors no matter how violent or government dependent they are.   And if you decide to flee lets just be clear about what you are.

  10. @ConfederateH, I didn’t flee.  I decided to study abroad.  Then I married a Canadian.  A recent study showed that only a very few people move overseas to flee taxation.  The one million alleged US persons in Canada for example, would be absolute numbskulls to have fled the US to Canada to avoid taxation.

    So therefore, I and most of the posters here who are Canadian, are absolutely not guilty of “White flight”.

  11. The comments on that page are all negative save one from a very close-minded person.  I imagine that they will be culled momentarily or that they will persuade some of the party faithful to flood the comments with positive comments about finding “tax cheats”.

  12. *The following article is interesting:

    Leveling the Playing Field: Curbing Tax Havens and Removing Tax Incentives For Shifting Jobs Overseas
    http://www.whitehouse.gov/the_press_office/LEVELING-THE-PLAYING-FIELD-CURBING-TAX-HAVENS-AND-REMOVING-TAX-INCENTIVES-FOR-SHIFTING-JOBS-OVERSEAS

    I’m reading the article trying to figure out what “well-off” means, what it means to “Getting Tough on Overseas Tax Havens”, why this is causing banks to reject US persons and what this means for Americans abroad in the future.  Can non-hidden taxed income become classified as being “illegally hiding income overseas”?

  14. ConfederateH;

    I don’t think this situation, nor the reality of the readers/authors here conform to the narrow constraints of the worldview you offer up, or the theme of your central narrative, without substantial contortions/distortions. As the world is complex, any narrative has to be as well.

  16. *Petros, while it is true that the vast majority of Americans abroad did not “White flight”, I think that ConfederateH is pointing out that we are or might be accused of such simply for living abroad. It could be the act of living abroad which could make one “White flight”, not the reasons for living abroad. The following states that Americans abroad are guilty for living abroad and must prove their innocence:

    the burden of proof will be shifted to the institutions and their account-holders to prove they are not sheltering income from U.S. taxation
    http://www.whitehouse.gov/the_press_office/LEVELING-THE-PLAYING-FIELD-CURBING-TAX-HAVENS-AND-REMOVING-TAX-INCENTIVES-FOR-SHIFTING-JOBS-OVERSEAS

  20. Wonderful – perhaps it could be emailed to Petros and or Tim to add to the post itself.

    The whole page is disgusting. Trumpeting FATCA as an achievement is very bad. But, trying to link FATCA as an achievement to Romney’s foreign bank accounts is way over the top. The Obama campaign is running the most: disgusting, disingenuous, deplorable, despicable campaign I could ever imagine. Of course, if you have nothing to offer yourself, that’s what you must do. As I said in a previous post:

    First, you take the high road – Obama 2008
    Then, you take the low road – Obama 2010 – class warfare
    Then, you take the ditch – Obama 2012 – Romney’s tax returns

    The man is an embarrassment.

    http://isaacbrocksociety.ca/2012/07/20/the-evolution-of-barck-obama-first-you-take-the-high-road-then-you-take-the-low-road-then-you-take-the-ditch/

  21. FATCA sure is a great accomplishment. It’s woken me up and focused my attention towards relinquishing my US citizenship ASAP!

  22. *You have to probably get the comments up to about 80 plus for it to get noticed( in taken down). The top five threads are between 80 and 500. I will try to post a few myself later today and the the top five threads are those of the entire Obama for America website 20 down and 60 to go.

  23. This is how BONKERS the IRS is about Americans with offshore bank accounts: The IRS will give its foreign residing citizens a break and penalize them only 5% of their bank account’s highest balance if they didn’t know they were US citizens at the time they held the account. How does a US citizen not know they are one? By being born of one in a foreign country.

  25. It’s like Romney is trying to lose, tax returns, the whole thing about dressage, the comments about the ambassador to Libya, now this. Is he trying to throw the election to the Dems? Haha.

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