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The Basement
The Facebook guy
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<blockquote data-quote="John Roberts" data-source="post: 51723" data-attributes="member: 126"><p>Re: The Facebook guy</p><p></p><p>Yup, and the IRS has been expanded recently in anticipation of becoming the enforcement arm for revenue raising to fund the "health care legislation". </p><p></p><p>The most egregious abuse of that foreign bank accts law that I've heard about recently was some man who was an American citizen only because his mother came here for medical attention while she was giving birth, so he was automatically made an US citizen. Years later as an adult the IRS went after him for not registering his offshore accts, despite the fact that he has been living in his other country since his birth, not in the US. </p><p></p><p>No doubt responsible for part of the 1,700 heading for the exits. We need to pay taxes for funds the government needs to operate and perform needed duties, but these days it seems unsatisfied and hungry for more. In the earlier years the government could completely fund it's normal business from fees associated with issuing government permits, import duties, and the like. Government borrowing was typically limited to funding wars. Times have changed to put it lightly. </p><p></p><p>America, pay it or leave it... :-( I still love it, but there are visible flaws. </p><p></p><p>JR</p></blockquote><p></p>
[QUOTE="John Roberts, post: 51723, member: 126"] Re: The Facebook guy Yup, and the IRS has been expanded recently in anticipation of becoming the enforcement arm for revenue raising to fund the "health care legislation". The most egregious abuse of that foreign bank accts law that I've heard about recently was some man who was an American citizen only because his mother came here for medical attention while she was giving birth, so he was automatically made an US citizen. Years later as an adult the IRS went after him for not registering his offshore accts, despite the fact that he has been living in his other country since his birth, not in the US. No doubt responsible for part of the 1,700 heading for the exits. We need to pay taxes for funds the government needs to operate and perform needed duties, but these days it seems unsatisfied and hungry for more. In the earlier years the government could completely fund it's normal business from fees associated with issuing government permits, import duties, and the like. Government borrowing was typically limited to funding wars. Times have changed to put it lightly. America, pay it or leave it... :-( I still love it, but there are visible flaws. JR [/QUOTE]
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