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| When someone is a citizen of the US, then they are breaking US law, if they don't file the FBAR. Why should an expat be able to hide money? It is a big deal when they are millions of taxes (billions probably) that are not paid. | |
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Why is it hiding money when you're no longer a resident?
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| Are you opposed to filing income tax returns as well? In doing so a person lays out earnings, bank interest, Roth contributions, etc. If a person itemizes deductions the detailed information about a person's standing is potentially a great number.
Is the problem really about information, or that a person has to pay taxes as a citizen, regardless of residence? Or is it a problem with disenfranchisement with the system at work and a desire to withdraw from it?
(I don't mean disrespect, I honestly am curious to hear the arguments..these are just questions for clarification.) | |
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Yes, I am opposed to filing income tax returns (as indicated on this thread and in others on the topic). It is a problem with all of the issues you've listed, really.