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Kilroy posted:I certainly don't consider them poor, but for someone retiring that is not an unreasonable amount of total assets. It makes them upper-middle class, but not fat cats. So someone made a lifetime of earnings in the USA with all the benefits that entails, then wants to retire and leave because they don't want to help anyone else? Sounds like a group of real gems that we as tax paying americans that aren't leaving should clearly feel bad about.  quote:Are you also under the impression that only the US and Eritrea evacuate their citizens when necessary? You're right about working in the US, but that's a function of the US' hosed-up immigration policies, and not a reason to implement idiotic taxation schemes. If you don't want to pay income taxes to the USA and believe it gives you absolutely zero benefits now or in the future, then renounce your citizenship. I don't want to do this because I believe the benefits I listed are worth something (also because I love my country you America hater). Also I want to bring this "idiotic taxation scheme" back up again: Kilroy posted:If you have a 401k account in the US but have not yet retired and drawn from it, then the value of that 401k is treated as income the year you renounce and you own income taxes on it. The account itself is untouched and remains as-is, and when you actually go to draw on it you will be subject to whatever taxes you were going to owe from drawing on it anyway. Go back and read my earlier post, the reason it isn't stupid is that you aren't subject to the second tax you listed. You are misinterpreting the tax law, it isn't dumb, you are.
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Oct 25, 2016 23:16
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Kilroy posted:okay "Americans living overseas" = "rich people" got it My wife and I are about to go move to Thailand and Vietnam. She's hooking expatriates there with overseas health insurance and is perhaps the only person alive who understands how the affordable Care act interacts with that and all of the tax stuff mentioned. The folks we're targeting are these mini enclaves of expatriates. They're just regular working joes, writing, coding, translating, doing engineering and QC work, sometimes answering phones... It's an increasing tend among millennials to realize that their prospects and earning power are much higher overseas, and that their skills will be valued, respected, and make a bigger difference in that environment. Why poo poo on expatriates? How else will we spread our business culture overseas? I understand the anger and how lovely these tax laws are. Martin Random fucked around with this message at 23:20 on Oct 25, 2016 |
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Oct 25, 2016 23:18
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Ornamented Death posted:The two sides are talking past each other. People arguing with Kilroy are talking solely about the taxes assessed on someone that renounced their citizenship. Kilroy seems to be bouncing back and forth between that and the taxes expats (that are still citizens) have to pay. Some actual expats are doing drive-bys and supporting Kilroy without realizing he keeps switching arguments. Ur Getting Fatter posted:I'm so sorry to keep the expat derail going but there's a bunch of expats actually reading this and I wanted to clarify for them that the Foreign Earned Income exclusion DOES NOT apply to income earned through your own business (ie: money you make yourself not through an employer). That is subject to the Self-Employment Tax (15% of your net gains) and if you're a US citizen you need to be filing every year and paying that tax, even if you make less than $90.000 anually. computer parts posted:Those poor small business owners.
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Oct 25, 2016 23:20
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https://twitter.com/ScottAdamsSays/status/791022440377782272 This man is a literal sociopath.
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Oct 25, 2016 23:21
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Martin Random posted:My wife and I are about to go move to Thailand and Vietnam. She's hooking expatriates there with overseas health insurance and is perhaps the only person alive who understands how the affordable Care act interacts with that and all of the tax stuff mentioned. The folks we're targeting are these mini enclaves of expatriates. They're just regular working joes, writing, coding, translating, doing engineering and QC work, sometimes answering phones... How are they lovely though? You're an American citizen, you have to pay American taxes. We as a country have decided that a USA citizenship is worth something (and people who are trying to immigrate to the USA would probably agree). It isn't a netflix account that you can cancel and re-subscribe to if you change your mind.
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Oct 25, 2016 23:22
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TheBigAristotle posted:https://twitter.com/ScottAdamsSays/status/791022440377782272 Jesus loving Christ.
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Oct 25, 2016 23:22
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TheBigAristotle posted:https://twitter.com/ScottAdamsSays/status/791022440377782272 Does this not also mean that whenever ISIS launches an attack, it is because they favor Trump?
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Oct 25, 2016 23:21
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TheBigAristotle posted:https://twitter.com/ScottAdamsSays/status/791022440377782272 Reminder that Scott Adams is a literal rape apologist.  at your own risk.
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Oct 25, 2016 23:22
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Forgall posted:computer parts wasn't talking "solely about the taxes assessed on someone that renounced their citizenship". Yeah I'm being flippant with people who are going into FYGM mode when they get inconvenienced. Especially funny when they bemoan other people for doing the same thing.
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Oct 25, 2016 23:24
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TheBigAristotle posted:https://twitter.com/ScottAdamsSays/status/791022440377782272 The Secret Service have to already be planning the conversation they're going to have with this idiot.
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Oct 25, 2016 23:23
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computer parts posted:Yeah I'm being flippant with people who are going into FYGM mode when they get inconvenienced.
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Oct 25, 2016 23:24
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I don't even get the logic of that.
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Oct 25, 2016 23:25
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Stereotype posted:How are they lovely though? You're an American citizen, you have to pay American taxes. We as a country have decided that a USA citizenship is worth something (and people who are trying to immigrate to the USA would probably agree). If you're looking to me to argue that the umbrella of protection and services that come with citizenship arent valuable and that expatriates shouldnt pay their fair share for them, you're looking in the wrong place. But the system in place is not producing the kind of incentives that are ideal.
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Oct 25, 2016 23:25
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Stereotype posted:It isn't a netflix account that you can cancel and re-subscribe to if you change your mind. You have to admit, this would own though, Forgall posted:You are making GBS threads on someone making 30k a year. 30k a year in a country where cost of living is way lower.
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Oct 25, 2016 23:25
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Stereotype posted:How are they lovely though? You're an American citizen, you have to pay American taxes. We as a country have decided that a USA citizenship is worth something (and people who are trying to immigrate to the USA would probably agree). An American citizenship is not worth some amount of money that you pay in taxes. People who defraud the IRS don't lose their citizenship over it. If working abroad as an American means you have to pay taxes in that country as well as in your own, it is essentially a tax on working abroad as an American. It discourages working and living abroad for Americans. Pedro De Heredia fucked around with this message at 23:31 on Oct 25, 2016 |
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Oct 25, 2016 23:25
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TheBigAristotle posted:https://twitter.com/ScottAdamsSays/status/791022440377782272 member when al-qaeda attacked us so much after we killed bin laden. Groovelord Neato fucked around with this message at 23:30 on Oct 25, 2016 |
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Oct 25, 2016 23:26
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Forgall posted:You are making GBS threads on someone making 30k a year. They're also really bad at running a small business if they only make $30k/year.
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Oct 25, 2016 23:26
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i am harry posted:Coal ash is more radioactive than nuclear power waste
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Oct 25, 2016 23:26
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Kilroy posted:It seems like a lot of people continue to think the taxation only applies to assets in the US, despite that being absolutely not the case at all and me pointing out that this is not the case at all several times. For the all the bleating about "Kilroy isn't arguing in good faith" going on in this thread it seems that most people aren't actually reading by posts before typing up an angry reply in a huff. Huffing and pouting because your massive holdings were taxed is still ridiculous dude. Stop being such a brat about your wealth. The average expat will not have a massive amount of assets, period, and getting taxed on the entirety of their assets as income because they threw a hissy fit and tried to give up citizenship would not result in a large tax bill. PT6A posted:I suppose that's true, but it's just odd that the US is one of two countries in the entire world where this is the case. I think it's valid to ask why that is if you're personally affected by it. It's only odd because it makes a ton of sense, so it's odd other countries haven't done it. There's tons of UK celebs dodging taxes by staying in other Anglosphere countries, for instance. And the UK's just leaving money on the table by not being aggressive on things. Forgall posted:You are making GBS threads on someone making 30k a year. They're free to give up their citizenship then. Since they're so broke, they won't have much in the way of assets to get taxed. Problem solved.
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Oct 25, 2016 23:27
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TheBigAristotle posted:https://twitter.com/ScottAdamsSays/status/791022440377782272 Is he saying if there is a terrorist attack he'll vote for Hillary cause isis wants Trump?
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Oct 25, 2016 23:27
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Martin Random posted:If you're looking to me to argue that the umbrella of protection and services that come with citizenship arent valuable and that expatriates shouldnt pay their fair share for them, you're looking in the wrong place. But the system in place is not producing the kind of incentives that are ideal. What incentives is it supposed to produce? I'm honestly curious as to why the US government would care at all about people who either want to renounce their citizenship, or who don't want to use their talents to improve things in the USA. Pedro De Heredia posted:An American citizenship is not worth some amount of money that you pay in taxes. People who defraud the IRS don't lose their citizenship over it. Yeah they lose their freedom (they go to jail).
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Oct 25, 2016 23:28
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how retarded do you have to be to not realize isis would prefer trump. getting bombed is their best recruitment tool.
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Oct 25, 2016 23:31
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Cingulate posted:I doubt that sentence as written. Coal Ash is More Radioactive Than Nuclear Waste The crux of the article is that while nuclear waste is more radioactive intrinsically, it is kept contained and handled carefully while coal ash is just sprayed all over everything constantly and is also radioactive.
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Oct 25, 2016 23:30
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Groovelord Neato posted:how retarded do you have to be to not realize isis would prefer trump. getting bombed is their best recruitment tool. Around Trump level, I'd say
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Oct 25, 2016 23:32
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Stereotype posted:Yeah they lose their freedom (they go to jail). * citation needed
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Oct 25, 2016 23:31
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Cingulate posted:I doubt that sentence as written. Not on equal weight basis but because a coal power plant produces thousands of times as much waste in terms of volume as a nuclear power plant does
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Oct 25, 2016 23:31
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Everyone read that Mother Jones article on militia groups. You share a ton of landmass with these dudes and they have been utterly hosed by life and are threatening unrelated non-white child lives because concrete and steel got outsourced to brown countries by their white American bosses. What a loving mess, what can be done? Universal Income isn't going to fix it - these people hate the very civil fabric that let's them play war in wal-mart parking lots and are super duper into not showing offense or weakness (while being loving offended and weakened by seemingly everything) to the point that they look and act like the made-up straw men they hate. Jesus help us. Armani fucked around with this message at 23:34 on Oct 25, 2016 |
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Oct 25, 2016 23:31
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Stereotype posted:Coal Ash is More Radioactive Than Nuclear Waste Coal ash is also in a form that's a lot easier to end up inside of people. Nobody's going to gnaw on a spent fuel rod, but they can easily breathe in or eat coal ash, which puts it right in the worst place for them.
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Oct 25, 2016 23:31
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I'm an American expat. Filing taxes and filling out FATCA every year is a huge loving pain. It doesn't help that most of the tax prep software is not designed at all to deal with us (TurboTax didn't even have the ability to enter foreign addresses until last year). I also use a bank that isn't particularly good and has much higher fees than other local banks just because I know that it is big enough and has enough American customers that it will comply with whatever nonsense reporting requirements the U.S. cooks up and it won't just suddenly cancel my accounts and tell me to bank somewhere else. I've also been avoiding mixing my money with my girlfriend's, so that she doesn't get caught up in anything. It would be easier for us to have a joint account, but it would probably get messy with the FATCA reporting requirements. It's not the worst thing in the world, but it certainly shouldn't be as lovely as it is for someone whose only source of income is a middle-class paycheck.
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Oct 25, 2016 23:32
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Love it how the nationalism has come out all of a sudden. If the case for taxing expatriate income is such a slam dunk then why don't D&D social democratic Utopias Sweden, Denmark, or Finland do it? Or is this the same "American exceptionalism" that the right wing brings up when they say it's impossible for America to have universal health care?
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Oct 25, 2016 23:32
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Armani posted:Everyone read that Mother Jones article on militia groups. You share a ton of landmass with these dudes and they have been utterly hosed by life and are threatening unrelated non-white child lives because concrete and steel got outsourced to brown countries by their white American bosses. the us has always had these dudes. except instead of throwing emmett till in a river now they're sullenly stalking around the desert looking for immigrants to hunt
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Oct 25, 2016 23:34
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Furnaceface posted:* citation needed Only around 2000 people a year are convicted of tax fraud. It does happen though http://taxattorneydaily.com/fraud-and-tax-crimes/#if-you-are-caught-cheating Even famous people! http://www.nydailynews.com/news/national/9-celebs-prison-tax-evasion-article-1.2469293 Most people can just claim that they are dumb and didn't understand the taxes then pay the penalty though
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Oct 25, 2016 23:34
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I'm not even worried about expat income taxes, just continually twatting kilroy on the insistence that working class people have anything to worry about if they choose to abandon their citizenship and move their money out of the country.
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Oct 25, 2016 23:35
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Gail Wynand posted:Love it how the nationalism has come out all of a sudden. If the case for taxing expatriate income is such a slam dunk then why don't D&D social democratic Utopias Sweden, Denmark, or Finland do it? Probably because they didn't have too many expats (especially outside of the EU) until fairly recently.
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Oct 25, 2016 23:36
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boner confessor posted:the us has always had these dudes. except instead of throwing emmett till in a river now they're sullenly stalking around the desert looking for immigrants to hunt fair point and I think my heightened sense of oh gently caress is more or less social media, which is kind of a huge deal in getting ideas and recruitment across for, we'll, anything at this point. The entire article and militia gathering for it was made possible thanks to Facebook. E: on top of that, it's super personal. I have family that could be indistinguishable from the code-named military dudes in there. I have a relative who fought in bush's wars, worked for subway, and had a sick child and no career prospects in the land he fought for. He could be that dude in the article, as far as I loving know. Armani fucked around with this message at 23:40 on Oct 25, 2016 |
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Oct 25, 2016 23:36
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TheBigAristotle posted:https://twitter.com/ScottAdamsSays/status/791022440377782272 I would recommend checking his twitter right this second, he is in full meltdown "I'm not owned!" mode and it's amazing. We should have a list of people to watch in the OP or something.
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Oct 25, 2016 23:37
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fishmech posted:Huffing and pouting because your massive holdings were taxed is still ridiculous dude. Stop being such a brat about your wealth. I don't have a horse in this race. My first post was just trying to warn people that might think they don't have to file/pay US taxes just because they don't earn that much that actually you do. Yes, I make 30K a year. It's higher than the average income where I live but by no means a luxury living and giving away 15% for no tangible benefit stings. In my case I pay it because I plan on living in the US at some point and I'd rather not get hosed in the rear end by the IRS down the line. Otherwise, it's definitely not worth it and I would consider dropping my US citizenship.
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Oct 25, 2016 23:37
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TheBigAristotle posted:https://twitter.com/ScottAdamsSays/status/791022440377782272 Groovelord Neato posted:how retarded do you have to be to not realize isis would prefer trump. getting bombed is their best recruitment tool. Crow Jane posted:Around Trump level, I'd say
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Oct 25, 2016 23:38
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Armani posted:fair point and I think my heightened sense of oh gently caress is more or less social media, which is kind of a huge deal in getting ideas and recruitment across for, we'll, anything at this point. The entire article and militia gathering for it was made possible thanks to Facebook. as much as social media can be used to organize and advertise these kinds of groups, it also serves to attract attention to more dangerous groups and invites mockery
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Oct 25, 2016 23:38
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Who is this Schumer guy? And why is he such an unremitting arse hole?
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Oct 25, 2016 23:39
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