Rufus Loc: Deep South

I too no longer support the radical liberal socialist Hollywood America h**ers. They would change their tune if they actually had to live in a muslim or socialist country and had to work just to survive and were treated like s**t. They are on drugs and live in la la land.
But I would like to spend quality time with Halle Barry if she were a born again Christian and dev**ed to making me happy.

Viet Nam Vet 67-68

Rufus, agree 100% and you can take the Ngr's out of Africa but you can't take the Africa out of the Ngr's.

Again out of context but also very important news to be passed around to all Americans: Read: Implementation of the infamous Foreign Account Tax Compliance Act (FATCA) got underway in earnest on July 1, 2014. A cacophony of protests and warnings could be heard as that date approached, and it has only grown louder as more and more people realize how startlingly draconian and wrongheaded this legislation is.

Even if one believes that the real objective behind FATCA is, as professed, to snag wealthy overseas tax c***ts, it isn’t hard to see that the collateral damage far exceeds any conceivable benefit. Any additional tax revenue will be dwarfed by compliance costs, lost foreign investment, overseas financial institutions refusing to do business with Americans, and the alarming specter of more and more Americans renouncing their citizenship.

Road Trip

Jim Bopp, a serially successful Supreme Court litigator, and Mike Lee, Republican Senator from Utah, have taken their battle against FATCA on the road. Mike Lee is a member of the Senate Judiciary Committee who stepped onto the national stage with his rebuttal to President Obama’s State of the Union address in January this year. Senator Lee will explain how FATCA can be attacked legislatively.

As I write, they are in Paris addressing attendees of an event sponsored by the Association of Americans Resident Overseas (AARO) and Republicans Overseas. Additional stops are planned for London, Frankfort, Geneva, and Luxembourg. The tour may even extend to Asia.



Senator Mike Lee

Jim Bopp is preparing to challenge the constitutionality of FATCA in the Supreme Court and will be lining up plaintiffs for that court case during this tour. The AARO told its members that the pair will discuss the court challenge and explain why FATCA is “an invasion of privacy, an overstepping of authority on the part of the Treasury Department, and a tool for ‘cruel and unusual punishment.’” Their tour will build support for FATCA reform among 7.6 million Americans who live and work overseas but mostly do not v**e in US e******ns. Organizers hope to register and get b****ts to this huge block of v**ers—equivalent to the 13th-largest state.

Unwilling Participants

It’s easy to understand why foreign banks are closing Americans’ accounts and refusing to open new ones: FATCA basically turns them into snitches for the IRS. Overseas Americans are treated like tax evaders—guilty until proven innocent. Foreign financial institutions (FFIs) are required to perform “due diligence” on “suspicious” customers, including f**gging those who open accounts using foreign passports but are US citizens or permanent residents of the US. Banks that are not sufficiently attentive or fail to report suspicious customers risk being deemed “negligent” by the IRS and may be sanctioned.

The US Treasury Department seems quite proud of the fact that foreign banks are complying with FATCA. That compliance is not willing, however. The banks really have no choice. US correspondent banks in New York have been told not to provide correspondent services to foreign banks that don’t comply with FATCA. To tighten the noose, US banks have also been told not to do business with any foreign banks that assist banks that are not compliant. Thus, a compliant FFI that assists a noncompliant FFI is shunned by US correspondent banks on which it relies to process its own payments.

Closing the Gates

The poor, if they want to slip away from the clutches of the US before becoming wealthy, have a relatively easy time of it. It is not as easy for the wealthy to escape. The IRS imposes a tax on unrealized capital gains of both citizens renouncing their citizenship and of noncitizen green card holders who have been allowed to live and work in the US. Under Internal Revenue Code § 877A, the property of “covered expatriates” is taxed at 15% on a mark-to-market basis on the day before expatriation.

Senators Chuck Schumer (D-NY) and Bob Casey Jr. (D-PA) have more than once tried to enact the Ex-PATRIOT Act (Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy). Their bill would have doubled the tax on Americans leaving the US for tax reasons to 30%. These efforts to keep money from leaving our shores are reminiscent of exit taxes imposed on Jews leaving N**i Germany in the 1930s and by Rhodesia in the 1970s. Grover Norquist, president of Americans for Tax Reform, suggested that Schumer “probably just plagiarized it and t***slated it from the original German.”

Since 1996 American citizens who renounced their citizenship to avoid taxes could be denied a visa to return to the US. The Ex-PATRIOT Act would have replaced that 1996 Reed Amendment with its own provision denying admission to “specified expatriates” and shifting jurisdiction from the Attorney General to Treasury and Homeland Security.

In 2012, in response to Facebook cofounder Eduardo Saverin renouncing his citizenship, Senator Casey warned that: “We simply cannot allow the ultra-wealthy to write their own rules.” Today many of those renouncing their citizenship aren’t the ultra-wealthy evading taxes. Many are overseas Americans who find that they can’t do business with FFIs, are not free to make their preferred investments, are hopelessly overburdened by trying to comply with incomprehensible and complex regulations, and are genuinely afraid of the severe consequences if they make a compliance mistake. Yet Bruce Ash, chairman of Republican Overseas Action Inc., concluded that the Obama administration “is building a virtual Berlin Wall to keep overseas Americans from renouncing their citizenship.”

The Obama administration’s response has been to increase the fee imposed by the State Department on those renouncing citizenship by 422% from $450 to $2,350.

The Accidental Kenyan

Finally, the international Internet-based Isaac Brock Society has filed a complaint with the United Nations on behalf of “‘Accidental Americans’ who now face the horrendous cost of getting rid of a citizenship they didn’t know they had and don’t want.”

I’m reminded of Don Whiteley’s excellent article in the Vancouver Sun, in which he asks: What if Kenya’s tax policy copied the US’s?

-I find it sad that Schumer and Casey want to target the Money a few thousand American Citizens that take their money out of America but does nothing about the $100 Billion that goes to foreign Countries that the 40 MILLION I*****L A***NS SEND OVERSEAS TO THEIR FAMILIES. THERE ARE NO LIMITS ON MARXISM STUPIDITY AND I HOPE THE MORON B****S WHO ARE NOW A MAJOR MINORITY IN AMERICA BY THEIR OWN HAND AND THE UNEMPLOYED IGNORANT WHITE DEMORATS/MARXISTS WAKE UP AND GET RID OF THE 200 PLUS C*******TS IN THE DEMORAT/MARXIST PARTY IN CONGRESS LIKE THESE TWO.

Rufus Loc: Deep South

:thumbup: :thumbup: :thumbup:

Viet Nam Vet 67-68

Rufus here is some more Amnesty : These numbers are not insignificant, he points out, because the average i*****l i*******t would fall on the “tax consumer” side of the equation. In fact, he found that half of i*****l i*******t households are headed by people with less than a high school diploma, while one-quarter have only a high school diploma.
By granting i*****l i*******ts amnesty, he explains, they will enter the welfare system and drain the treasury of funds:
The average i*****l i*******t is 34 years old. If he receives amnesty, he will receive government benefits for 50 years. Some amnesty proposals suggest restricting benefit access for the first 13 years after amnesty, but that limit would have little impact on long-term costs.
Over the course of a lifetime, 11.5 million i*****l i*******ts granted amnesty would receive $9.4 trillion in government benefits after paying just $3.1 trillion in taxes.
“Notably,” states a National Center for Policy Analysis review of Inserra’s work, “i*****l i*******ts are already receiving significant amounts of government benefits…”
Further, the NCPA review states:
In 2010, the typical i*****l i*******t household received $24,721 in government benefits but paid just over $10,000 in taxes — an annual benefit of more than $14,000 per household. I*****l i*******ts not only receive the benefits of government services (like fire and police protection), but their children receive public education. Additionally, children of i*****l i*******ts that are born in the United States are eligible for the full spread of government welfare benefits, including Social Security and Medicare.
Now, of course, Americans have learned since President Obama’s (unconstitutional) executive amnesty last month, the newly minted pseudo-citizens will be eligible to receive Medicare and Social Security – you know, because they’ll be paying in and such.
Only, as Inserra notes, they pay-in will be much less than the pay-out, and that’s ugly public policy – not to mention constitutionally questionable – given that both are on pace to become insolvent in the not-too-distant future.
This phenomenon is not new, by the by. Judicial Watch, a legal watchdog organization based in Washington, D.C., reported on a study in 2011 that cited U.S. Census data which showed “that most U.S. families headed by i*****l i*******ts use taxpayer-funded welfare programs on behalf of their American-born anchor babies.”
Further, JW reported, citing the data:
Even before the recession, immigrant households with children used welfare programs at consistently higher rates than natives, according to the extensive census data collected and analyzed by a nonpartisanWashington D.C. group dedicated to researching legal and i*****l i*********n in the U.S.
The results, published this month in a lengthy report, are hardly surprising.
What $100 trillion-plus unfunded federal government liability?

Rufus Loc: Deep South

:thumbup: I am on the phone already. :thumbup:

ghostgotcha Loc: The Florida swamps

Bull S**t!





Then I suggest you march your black ass over to Ferguson and jerk a knot in your cousins tails





How many do you think have r**ted or l**ted over the years? How many buildings owned or used by the local b****s have been l**ted or burned down? Who the hell do you think the perpetrators were? Asians, Indians, Mexicans, who?

Dumb-Ass!