BajaNomad

Expat taxation

cessna821 - 2-1-2013 at 02:40 PM

'Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy Act'

This Act was introduced in May 2012 by Senator Charles Schumer (D-NY), read twice, and referred to the Senate Committee on Finance. It is now expected to be passed in 2013.

Until 1941, the third Reich used the Reichsfluchtsteuer (Reich Flight Tax) to charge emigrating Jews a one-time 25 percent exit tax. Senator Charles Schumer wants 30% of your money forever.

Even the N-zis were not so extreme!

http://www.wealthwire.com/news/liberty/4485

WHAT is happening in the land of the free and the home of the brave?