Today's News from France. - FATCA: making Americans non-Americans

[riverbendviewgal]

According to Victoria Férauge, a Paris-based writer who edits the Association of American Residents Overseas, (AARO’s) newsletter and her own widely read The Franco-American Flophouse blog, FATCA is making life abroad for American citizens so complicated that for many giving up their nationality is no longer seen as a taboo.

The American Diaspora Meets a Polarized America


Please, homelanders, stop and think for a moment and use your common sense:
Since when do billionnaires watch other people’s children, teach English or grade undergraduate papers?

Allow me to point out the arrogance here. Homelanders seem to be saying that our diaspora (Americans abroad) is special and totally unlike any other developed country’s diaspora being composed entirely of A. criminals and B. the idle rich.

Hate to break the bubble, folks, but Americans abroad are just as diverse as Americans in the homeland. We come in all shapes, sizes, colors, creeds and (yes, Virginia) income levels. And however we came to cast ourselves on distance shores, the reality is that most of us have to work for a living. Just like you.



http://www.french-news-online.com/wordpress/?p=33389#axzz2rKZvGoyK

[Number23]

1. All of the news I've read on this is showing that for alot of Americans abroad

FATCA was the gateway to completely shedding US citizenship. Between being overly taxed and having to put together numerous tax forms, alot of people see no reason to do it and are just getting rid of the problem altogether.

And yes, none of these people are millionaires. Just regular working folks that happen to live away from the country of their birth.

[riverbendviewgal]

2. You are correct

I good blog to give you insight on this is

http://isaacbrocksociety.ca/

It is quite amazing the REPUG s have seized this as the ONLY SANE thing on their election platform

I hate them but they are bringing to the public and media FATCA,, the worst American law that no one knows about

[Lydia Leftcoast]

3. I know several American-born Japanese-English translators

who have taken or are in the process of taking Japanese citizenship.

None of them are rich, but they have been living in Japan for years, are married to Japanese nationals, and are raising or have raised children in Japan. The tax issue has just pushed them over the edge.

[riverbendviewgal]

4. Are they aware of FATCA??

Please let them know they can get good information by going to

http://isaacbrocksociety.ca/2011/12/14/about-the-isaac-brock-society/

You see the USA is citizen based taxation and you file your US taxes for your lifetime and your children as well, as they become US citizens, even if they are not born in the USA.

The USA and Eritrea are the only countries in the world that are citizen based taxation . The rest of the world is Resident based taxation.

Many are having OMG moments now.. Many never thought they had to file US taxes because they never lived in the USA.

see this website.

http://www.repealfatca.com/index.asp?idmenu=4&title=News&idsubmenu=146