Yah cant be a Murikan cuz you live in furrinerland. Socialist commie land even, i.e. France.
Sort of short hand for some replies I have had to comments that I have made whilst being an expat for quite a few years now.
Well the NYT has an editorial up today explaining some stuff many real Murikans that have never traveled might not know.
But most, like me, are not tycoons. We’re responding to the burden and cost of onerous financial reporting and tax filing requirements that are neither fair nor just. (Living and working in London, I pay higher taxes, to Britain, than I would in New York.)
Some 7.6 million Americans live abroad — expats would be the 13th most populous state, if we were a state. Many are overseas temporarily, for work or study. But many others marry foreigners, start companies or have long-term overseas assignments. We are just like ordinary Americans — except that we lack representation.
I highlighted the last bloody bit.
No fucking taxation without representation!
Don't tread on me! Take that you teabaggers!
The United States is an outlier: Its extraterritorial tax laws apply to American citizens and companies no matter where they are. We are the only country (except, arguably, Eritrea) that taxes all of its citizens on worldwide income rather than where the income is earned. Expatriate Americans have to pay taxes once, wherever they live, and then file again in the United States.
Most of us end up paying no tax if the truth be told, most of us don't earn the millions when offshoring for tax purposes becomes profitable and at least here in Yurup taxes are higher anyway.
As the article says most of accept the status quo and keep on filing the bloody things.
I will keep on being an American citizen even though I have no intention of returning and in turn 90% of my family have no intention of leaving either [some others have escaped].
However for us long term expats how about we get rid of this glorious pain in the butt?
The challenges facing expat Americans abroad would disappear if the United States taxed and regulated only those who lived in America. Sadly, American politicians don’t care about Americans living abroad.
This is my favorite as well
It does not help that members of Congress occasionally threaten to bar any Americans who renounce from ever visiting the United States again.
Cuz freedum or some such.
Truth be told
I am an American [now with dual French nationality]
I vote every time [unlike the articles writer]
I file every time
I am having a serious snark attack.
Don't tread on me!
;-)
Oh and yes; I have had the but, but you don't live in Murika even here on teh DKos
7:33 AM PT: PS I really didn't want to bore you with FACTA