Americans renounce Citizenship over Excessive & Unfair Taxes

While taxes are often seen as the price to pay for living in a civilized society, many believe the amount people have to stamp up is not distributed fairly.

Americans GIVE UP their citizenship as an UNFAIR taxation & policoes While taxes are often seen as the price to pay for living in a civilized society, many believe the amount people have to stamp up is not distributed fairly. Angry about the latest tax hikes? Each year, thousands of Americans pack their suitcases, rip up their US passports and move permanently overseas to prevent Uncle Sam from taking their money. In the first three quarters of 2012, more than 1,100 Americans renounced their citizenship and made their homes elsewhere, according to the Federal Register. Available data does not yet include those who left in the fourth quarter, but it is on track to surpass the 1,781 Americans who relinquished their passports in 2011. And the number of Americans who ditched the US in 2011 was seven times higher than those who left in 2008. With 6 million US citizens living abroad and continuing to pay US taxes, expatriates increasingly abandon their citizenship for the sake of saving cash. The US is the only industrialized country that requires its overseas citizens to pay income taxes -- even if their income is generated abroad. And for wealthy expatriates, the financial consequences of remaining a US citizen are most severe. Individuals earning more than $400,000 a year and married couples earning more than $450,000 a year will be paying an income tax rate of 39.6 percent -- which is up from last year's rate of 35 percent. Those who earn more than $1 million annually will pay Uncle Sam about $170,341 more this fiscal year, according to the Tax Policy Center. Those who fear losing their savings frequently move to countries that do not tax their incomes. One third of all billionaires that moved from the US to another country chose to go to 'tax havens' such as Switzerland, Bahamas, and Singapore, according to a 2012 study by the Research Institute of Industrial Economics. While those who forego their citizenship will lose protection from the US government and could face difficulty in visiting the US, expatriates increasingly consider it worth it -- including high-profile celebrities like 73-year-old American-born singerTina Turnerand Facebook co-founder Eduardo Saverin. Turner, who is worth an estimated $200 million, in January became a Swiss citizen and ditched her US citizenship. Saverin, whose net worth is an estimated $2.2 billion, holds Brazilian citizenship and lives in Singapore. Bloomberg estimates that the Facebook co-founder saved at least $67 million in federal income taxes by cutting his ties to the US. But while the rich and famous make headlines for escaping the IRS' grip on their finances,allAmerican expatriates are subject to US taxes and are required by law to file estimated taxes and income, estate and gift tax returns. Some lawmakers are even trying to subject Americans to taxes even after giving up their citizenship. Sens. Charles Schumer and Bob Casey last yearsuggestedthat Congress vote for a law that would force former US citizens to pay taxes for years after renouncing their citizenship -- as well as ban them from ever returning to the US. But in the short-term, ditching the US comes with its own financial penalties: Americans renouncing citizenship are required to pay an often-hefty exit fee. Those whose net worth is more than $2 million or whose annual income tax average is more than $145,000 are required to pay a 15 percent tax on capital gains above $641,000 and taxes on other assets including retirement accounts at the income rate of 39.6 percent. As the only country to tax its citizens abroad, the US is pushing thousands of its citizens away.

William Black : Obamas Austerity is a Disaster

Bill Black: Pres. Obama cannot expect growth in the economy when he continues the policies of austerity Bill Black:Manufacturing in Bangladesh costs more not less

The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of how exporting the manufacturing industry to poor countries like bangladesh actually costs more and not less , and how Obama is leading us to more austerity and that austerity is a disaster , Bill Black is the author of "The Best Way To Rob a Bank is to Own One"

U.S. Shuts Down 3D Printable Gun Website! The Designs Are NOW Available On 2300 Servers Worldwide

We will win this battle. They can not silence the internet and stop data from being transferred to one another. Typical government idiots... what would of probably never really gained popularity is just ripping through the net with mirror sites and torrents hosting these files. It will never be stopped!

3D printing guru Cody Wilson of Defense Distributed announced that the US Office of Defense Trade Controls Compliance, Enforcement Division (DTCC/END) has sent him a letter requesting the group remove all data supposedly in violation of the Arms Export Control Act from public access immediately.

The IRS Issues Apology For Targeting Conservative ,Tea Party & PATRIOT Groups

IRS Issues Apology For Targeting Tea Party & PATRIOT Groups! "Definitely 1st Amendment Concerns Here

The IRS is an illegal institution enforcing a non existant law. The people who work for the IRS are faceless clones who take away from their neighbors, family, friends and community. There are countless ex IRS who finally woke up and got out because they realized the laws a fraud...All personal income tax are direct taxes, and are against the law. IRS agents should resign if they have a conscience. The Internal Revenue Code of 1954 was passed by both houses of Congress as House Resolution 8300, and was signed by President Eisenhower on August 16, 1954, at about 9:45 a.m., becoming Public Law 83-591, 68A Stat. 3. The Internal Revenue Code is now known as the “Internal Revenue Code of 1986” as a result of changes made by Public Law 99-514, 100 Stat. 2085 (10/22/1986). Income taxes are not direct, those would be taxes on real estate.

EMP ~ The Ultimate Threat

F. Michael Maloof, a former senior security policy analyst in the Office of the Secretary of Defense, has almost 30 years of federal service in the U.S. Defense Department and as a specialized trainer for border guards and Special Forces in select countries of the Caucasus and Central Asia. While with the Department of Defense, Maloof was Director of Technology Security Operations as head of a 10-person team involved in halting the diversion of militarily-critical technologies to countries of national security and proliferation concern and those involved in sponsoring terrorism.

Maloof has also been a special Washington correspondent for The Detroit News, a reporter for a specialized newsletter at U.S. News & World Report and Washington correspondent for The Union Leader in Manchester, NH. Currently, he is the senior reporter in WND's Washington bureau.
Former policy analyst for the Dept. of Defense, and currently WND's Washington senior reporter, Michael Maloof, discussed how everything from our daily routines to our national defense will be crippled by an EMP attack, and why this is America's greatest threat to national security. An electromagnetic pulse (EMP) attack could come from either a serious solar storm (such as occurred in 1859) or a high-altitude nuclear explosion. This high intensity burst from super-charged particles can knock out or completely fry any unprotected electronics or electrical systems, he noted. The US' national grid system forms the basis for such crucial infrastructure as telecommunications and banking, and if it gets knocked out there would be cascading problems such as grocery stores running out of food, and the inability to access money or credit cards.

"If we had a major intensive [solar] storm that had a direct hit on us, it could cost up to $2 trillion over four years to attempt to recover, and it would take us up to 10 years to recover," with some 160 million people seriously impacted in the United States, he reported. Yet, we could take remedial action now, to strengthen and protect the grid, but the problem is there's no one agency coordinating such efforts, Maloof said, and Congress has ignored its own commission report and shelved funding measures-- estimated to be between $20-50 billion to start fixing the problem.

We need to create the position of an EMP Czar, someone under the National Security Council that can direct all activities from federal, state, and local governments to take decisive action, he continued, adding that the SHIELD Act should be reintroduced to the new Congress. Maloof also outlined EMP terror threats-- his biggest concern is over an attack instigated by a 'lone wolf' type, or a loose cannon state such as North Korea.