Blackbeard
Well-known member
Re: Somewhat of a Change of Pace
After posting that I went back to see if I could find those articles but no luck so far (I thought that I may have saved them). I'll look further when I have some time. Very disturbing accounts.
As a further point there are only two countries on the planet who demand income taxes from the worldwide income generated by their "citizens" regardless of where those citizens live full time...Eritrea and the USA. Great company the US government keeps. This was my point about the child, if she never sets foot in the US but is somehow deemed a US "citizen" the US government will be expecting her to pay it income taxes on any earned income regardless of the fact that she would also be paying income taxes to the country in which she resides and earns her income.
Worthy of note is also the fact that in the last 5 or 6 years or so the US government has substantially increased the fee that one has to pay it in order to renounce his or her citizenship as the number of such applications annually was rising alarmingly. An exit tax, as it were. As I recall it was $200-300. Then it was increased by $100-200 approx. Then it went to $1000-1200 and then to around $2500 or so a few years ago from what I last read. Too many sheep were waking up and leaving the pen which is not good for those in charge of the shearing. So, increase the difficulty encountered by those attempting to leave. Thwart their efforts so they can tell their friends and discourage them. The noose tightens.
Anyway, this was the basis for my saying that the parents need to educate themselves quickly so that they can make informed decisions for their daughter. Their ignorance on the topic will be very expensive for the child in more ways than one if she is deemed to be a US citizen but resides and earns her living in another country.
After posting that I went back to see if I could find those articles but no luck so far (I thought that I may have saved them). I'll look further when I have some time. Very disturbing accounts.
As a further point there are only two countries on the planet who demand income taxes from the worldwide income generated by their "citizens" regardless of where those citizens live full time...Eritrea and the USA. Great company the US government keeps. This was my point about the child, if she never sets foot in the US but is somehow deemed a US "citizen" the US government will be expecting her to pay it income taxes on any earned income regardless of the fact that she would also be paying income taxes to the country in which she resides and earns her income.
Worthy of note is also the fact that in the last 5 or 6 years or so the US government has substantially increased the fee that one has to pay it in order to renounce his or her citizenship as the number of such applications annually was rising alarmingly. An exit tax, as it were. As I recall it was $200-300. Then it was increased by $100-200 approx. Then it went to $1000-1200 and then to around $2500 or so a few years ago from what I last read. Too many sheep were waking up and leaving the pen which is not good for those in charge of the shearing. So, increase the difficulty encountered by those attempting to leave. Thwart their efforts so they can tell their friends and discourage them. The noose tightens.
Anyway, this was the basis for my saying that the parents need to educate themselves quickly so that they can make informed decisions for their daughter. Their ignorance on the topic will be very expensive for the child in more ways than one if she is deemed to be a US citizen but resides and earns her living in another country.
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