Thought I would share the following comment from a post on my blog called “An open letter to Mitt Romney“.
This plea should be retweeted, retweeted and (you guessed it) retweeted – hard to get the word out!
— U.S. Citizen Abroad (@USCitizenAbroad) June 12, 2012
or this one:
— Marvin Van Horn (@FATCA_Fallout) June 12, 2012
Dear Mr Romney, please act and help us.
FATCA, FBAR reporting and the rest of the IRS penalty system aimed at rich tax frauds is wreaking havoc among honest americans abroad.
Hardworking middle class families abroad are terrified and offered no means of coming into compliance… threatened with confiscation of a large chunk of their net worth, for the crime of simply not filling in some papers required by laws back home. Families are being separated, and people are tragically and heartbroken, flooding into the embassies to renounce the US citizenship they once cherished. Being a US citizen abroad means they are subjected to threats, insults, compliance fees and complications far beyond what any US citizen at home must deal with. They are also being refused banking and insurance services. They have two choices, either return to the states, or if they have built their life elsewhere, renounce their US citizenship (if they are in compliance that is).
Others, who just learned of their reporting responsibilities, must either fork over 30% of their net wealth to a country where they don’t even live or work; or else take to hiding as a fugitive.
Their children are learning that the US is a country to fear and hide from, rather than “the land of the free”.
Please Mr Romney have an in-depth look at this situation and please help to fix it.