Post #397,247
12/17/14 10:29:18 PM
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The rules say US citizens pay US income tax on their income.
This isn't complicated. If you are a U.S. citizen or resident alien, you must report income from all sources within and outside of the U.S. This is true whether or not you receive a Form W-2 Wage and Tax Statement, a Form 1099 (Information Return) or the foreign equivalents. See Publication 525, Taxable and Nontaxable Income for more information.
Additionally, if you are a U.S. citizen or resident alien, the rules for filing income, estate and gift tax returns and for paying estimated tax are generally the same whether you are living in the U.S. or abroad. - http://www.irs.gov/Businesses/Income-from-Abroad-is-TaxableWhy do you want to let him be a moocher and avoid his responsibilities? Cheers, Scott.
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Post #397,250
12/17/14 10:35:44 PM
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what is he mooching exactly? health care or foodstamps? Maybe schooling or
perhaps using our airports? No the airport tax is paid when you buy a ticket. So what exactly is he mooching? Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 59 years. meep
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Post #397,251
12/17/14 11:02:34 PM
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He's a US citizen. He should pay US taxes like other US citizens.
That's what the law says.
Lots of people with US citizenship live abroad. They get benefits from having a US passport even if they don't think they're actively using it.
This isn't hard. ;-)
Cheers,
Scott.
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Post #397,301
12/18/14 5:14:26 PM
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hate to agree with boxley, but
...apparently the US government has lately been putting the squeeze on individuals who were born here of foreign nationals, or who were born abroad of US citizens but never lived here, and presumably never reaped the questionable benefits of life in this savage police state. In their position, I'd drop by the US embassy and renounce that identity in an Old York minute.
cordially,
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Post #397,310
12/18/14 8:24:15 PM
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I have two other passports besides my american one
glad those two countries are not trying to gauge me for tax money, I can barely afford to pay taxes here. Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 59 years. meep
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Post #397,321
12/19/14 6:57:27 AM
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Fly in the ointment...
Renouncing citizenship costs a lump sum of 40% of their assessment of your resources. You can't just flip them the bird and walk away. "Religion, n. A daughter of Hope and Fear, explaining to Ignorance the nature of the Unknowable."
~ AMBROSE BIERCE
(1842-1914)
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Post #397,326
12/19/14 8:52:53 AM
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Huh? *Any* resources?
If you're talking about resources *in the US*, then that's a perfectly normal equity tax[*]. (Perhaps a little arbitrarily assessed, for all I can tell, but still.)
Are you saying Rand's example of someone who happens to have US citizenship but has practically never set foot there, will have his resources *elsewhere* impounded upon renouncing his US citizenship?
Any sources on that?
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Post #397,331
12/19/14 10:05:21 AM
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I seem to be out of date.
It appears to have been relaxed in 2008. Unsurprising, given the subservience to the rich. There is still an exit tax but there are a lot more loopholes in it now. I haven't the time or interest to read a bunch of IRS forms to be more specific. Sorry about that. "Religion, n. A daughter of Hope and Fear, explaining to Ignorance the nature of the Unknowable."
~ AMBROSE BIERCE
(1842-1914)
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Post #397,256
12/18/14 1:28:31 AM
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Quote: "It's very hard to give up." So apparently he gets something out of it.
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