Bernie Sanders: Here is What Could Be Fixed by the Taxes on Apple's Offshored Profits

[riverbendviewgal]

35. It costs $2,350 US to renounce US citizenship

It cost Ted Cruz $100 Cdn to renounce Canadian citizenship.

The USA owns its citizens for life. Even those born while foreign parents in the USA were working or going to school. They go back to their parents countries to live when babies or children yet the US government says they must file US taxes for life. Plus they must report all the money they have in their "foreign" banks that are down the street from t hem. It now costs at least $1k to file US taxes each year if you live abroad, even if you owe nothing. Banks around the USA are closing bank accounts of anyone who has American indica unless they can prove they renounced with a Citizen Loss of Nationality paper from the US government.

The USA is Citizen based taxation while the rest of the world, except for Eritrea, is Resident based taxation..

It is so hyprocritical that Corporations are allowed to use resident based taxation but people who are mostly teachers, librarians working average jobs are made to file every year at great expense. US citizens who live abroad have become a pariah in the banking institutions abroad.


Most US citizens never heard of citizen based taxation or resident based taxation. They should.. but then most Americans are not interested in going abroad.

http://mic.com/articles/28780/why-64-of-americans-have-never-left-the-u-s

However, I will accuse Americans of a lack of ambition. According to a 2012 LivingSocial study, three of Americans’ top ten dream destinations are right here in the United States, including Las Vegas and Disney World. Really? Of all the amazing places to go in the world, with seven continents and over 200 countries, we pick Disney World as a dream destination? Let’s dream a little bigger than that.

Mark Twain once said that, “Travel is fatal to prejudice, bigotry, and narrow-mindedness.” The planet has never been more interconnected and it scares me a little that 64% of the citizens of the world’s most influential country have never seen any other part of the world. On a less lofty note, international travel is so much fun and it’s tragic that so few in such a rich country have experienced it.