SeaCat
Shared on Tue, 07/01/2008 - 12:38Thinking about denouncing your US citizenship? Well, if you do, you will now pay financial penalties for it. Just passed by Congress was a new law that stops a good amount of your capital at the border if you decide not to be a US citizen anymore.
First, How? How did this get passed? In the Heroes act of 2008, just passed by Congress on June 17, there is a little blurb inserted for this. The law has mainly to do with increased benefits for veterans and families of military soldiers who are deceased. I for one am getting sick and tired of these Congressional rats sneaking in little provisions here and there that they tack on to a bill that never seem to get noticed or get much attention.
Why? Why pass something like this? Are we getting ready to get slammed so hard with tax burden that people may actually want to denounce their citizenship and go elsewhere? From the article, the Beatles left Britain, Bjorn Borg left Sweden when their governments raised taxes. Are the lawmakers of this country preparing for the same thing with us?
Maybe, maybe not. Seems kind of fishy though. The ultimate insult though is the Death tax. So, now your taxed if you stay, taxed if you try to leave, taxed for passing on assets if you die. At what point do people say that we've had enough of the taxing?
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Comments
Submitted by SixTGunR on Fri, 07/04/2008 - 01:27
Submitted by NormalGuy on Wed, 07/02/2008 - 06:48
Submitted by RyanFromVegas on Tue, 07/01/2008 - 12:48
Submitted by aimzb on Tue, 07/01/2008 - 12:49
Submitted by NormalGuy on Tue, 07/01/2008 - 13:25
Submitted by SeaCat on Tue, 07/01/2008 - 14:24
Submitted by ATC_1982 on Tue, 07/01/2008 - 14:49