Posted On: Saturday - July 18th 2020 5:56PM MST
In Topics:   Globalists  US Feral Government
This is at the top of the 2019 tax-year 1040 form.
I noticed a number of things while filling out the income tax forms on or about the 15th of July. (You can't prove I didn't finish on the 15th, not in a court of law you can't!) I think there are 2 more posts coming on this, but today I just want to point out one small change.
I saw the last line in the graphic above, a place for one's foreign country and such. Something clicked, so I checked. That was not on the form last year.* Very interesting! What's the deal here? Have enough tax-paying Americans gotten the hell out to where this line needed to be added? Was it an oversight before. Was this line added for the Globalist elites?
Although commenter Adam Smith is someone I think may have a great handle on this too (be glad to hear about it), from a website that reads fairly straight-forward and knowledge-full on this issue, Premier Offshore**, I got information that fits in with what I'd heard before about our lovely IRS: From their page on taxing of foreign income by different countries:
The only major nation that taxes its citizens (and green card holders) regardless of where they live is the United States. So long as you hold a U.S. passport or green card, the Internal Revenue Service wants its cut of your profits and capital gains.With the exception of the Philippines, I see we're in with a great crowd there!Some lists of countries that tax citizens and legal residents on their worldwide income include Libya, North Korea, Eritrea and the Philippines. The tax systems of these countries are not well developed and data is limited.The United States taxes all U.S. persons on their worldwide income. A U.S. person is a citizen, green card holder (who is a legal resident but not necessarily present in the United States), and residents. A resident is anyone who spends more than 183 days a year in the United States.
There's more to it, One can stay out of the US for 11 out of 12 months of a year (not on a monthly basis, but one must be away 330 days) and have ~ $102,000 excluded, which may suffice for lots of ex-pats.*** Failing that, one can obtain residency to avoid this same amount of money.
I'm no tax man or ex-pat advisor. My point here is that the IRS, as instructed by the US Congress, acts with an unmitigated gall that's not the norm throughout the world. They will not leave you alone unless you:
a) Renounce citizenship. It's not as simple as, say, getting a divorce in Islam-land, such as "I renounce thee, I renounce thee, I renounce thee!" One must pay an over $1,000 fee, and fill out paperwork.
b) If you don't plan on ever coming back, it's a lot easier. Just leave no phone number or forwarding address and blow them off. Above all, don't let them sucker you into filling out that last line on the top of the 1040!
* I pull out the previous ones to see if I'm missing anything that will save me money, and more importantly, keep some money from flowing to the Feral Government.
** I just found this one with my duckduckgo search on this question. I am not fixing to move to S. America at this point in time or anything like that.
*** Don't confuse the >183 days (1/2 a year) in America - with the 330 days (as in < ~ one month in America). The former is for definition of a "resident", while the latter is about the exemption on that $102,000.