« Scenes From The Imperial Capital | Main | Tuesday Night - Reagan »

Tuesday, August 26, 2014


Feed You can follow this conversation by subscribing to the comment feed for this post.

John Chittick

US citizens and "US persons" living abroad have always been obligated to file with the IRS but FATCA is the latest in leviathan shakedown. The cost of administration to the IRS and other federal agencies is likely higher than any additional revenue obtained. With tax treaties and foreign tax credits in place, very few expatriates actually pay any US taxes. Regulation for its own sake.

Richard Anderson

The reason purpose is not gathering money but gathering something more valuable: Information. It's not regulation for its own sake, it's regulation so to better control people's lives.

John Chittick

It's also the reason I surrendered my Green Card the day I left the US.

The comments to this entry are closed.

My Photo

June 2016

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30