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We are all familiar with the ‘Iron Curtain’
of the Eastern Block during the Cold War. It was enforced ruthlessly
to try and prevent a brain drain and the usual capital flight that
occurs with any oppressive regime. Anyone with brains or money knew
that they had to get the hell out of the morass of tyranny that
was the communist countries of the eastern block, in order to be
productive citizens and lead any semblance of a ‘normal’
life.
Interestingly enough, the iron curtain over the
eastern block countries is now lifted and they are experiencing
freedom of unprecedented proportions in recent history. So where
is the Iron Curtain now? It has been disassembled piece by piece
in Eastern Europe and re-assembled right here in the good old U.S
of A.!
Last year the U.S. Treasury Dept. made a miserable
attempt to pass an American expatriot tax law
to stem the hemorrhaging and increasing
capital flight from its oppressive tax regime. The attempted legislation
fell flat on its face, and deservedly so. Not to be deterred, the
Treasury Dept. resorted to secrecy and stealth, as most criminal
organizations do, to sneak its provisions into the recently passed
Health Coverage Availability and Affordability Act. While the press
was talking about tax-deductible contributions to Medical-Savings
Accounts, ‘revenue enhancements’ were built into the measure
which were not discussed!
These ‘revenue enhancements’ were aimed
at making sure that uncle Sam got his fair share, and then some,
when U.S. citizens and permanent residents expatriate. They would
like us to believe that we earn our money ‘from’ the U.S.
and not just ‘in’ it.
The verbiage of the provisions gives us an insight
into the mentality involved here;
"It has come to the attention of Congress
that some very wealthy individuals have been relinquishing their
citizenship to avoid U.S. income, estate and gift tax. The Bill
does not want to discourage citizens from exercising their right
to expatriate, but does not
want to provide a tax incentive for such an action."
So, rather than recognize that an oppressive tax
regime is the underlying motivation of such expatriation and in
turn relax the rules to remove the motivation, they decide to make
matters worse by creating more bureaucracy, regulations and restrictions,
not to mention...taxes.
In view of its new regulations and restrictions
they are in the process of re-negotiating existing tax treaties
to make sure that other countries do not benefit from America’s
brain drain. In so doing they are bullying other nations into accepting
and co-conspiring with them to accept and cooperate with such tax
provisions, information gathering and extraditions when necessary.
"This Bill would subject former citizens
to the expatriation provisions with no inquiry into their
motive and requires individuals who exchange property
that would otherwise be exempt from U.S. taxation as foreign source
income must immediately recognize U.S. source income on any gain
from such a transaction. The Secretary is authorized
to issue regulations to treat removal
of tangible property from the U.S. and other conversions to foreign
source income. For example, any income from stock transferred to
a foreign source, such as dividends, would be converted to U.S.
source and immediately taxed..."
In order to be sure that these subject slaves (citizens)
do not escape with any assets that would not be" immediately
taxed", the Treasury Dept. has coerced a new reporting
requirement;
"A new information reporting requirement
has been added requiring former citizens and long term residents
to complete information reporting at the time of expatriation..."
What they’re saying is that they want to know
exactly what you have and where you have it so that your assets
can be located, monitored and seized if necessary. Of course, failure
to comply with the reporting requirement (protecting your privacy)
may subject you to civil and/or criminal sanctions. The new treaty
negotiations will more than likely include provisions to extradite
those "privacy minded criminals" back to the U.S.
for a whipping and the subsequent unconstitutional stripping of
assets (revenue enhancement). This treaty provision is known as
the ‘Hotel California’ clause...you may check out, but
you may never leave (with your assets).
Not only do the Feds want to penalize productive
‘ex’ citizens for putting assets out of harm’s way
on the way out, but they also want to penalize the recipients of
any distributions.
"If a U.S. person receives more than $10,000
worth of gifts from one foreign person during any tax year, he must
file a report with the Service. If he fails to file a report, the
Service has the sole discretion to determine
the taxation of the property..."
What do you think the ‘Report’ might lead
to? An investigation on the income ‘Source’ perhaps? If
that doesn’t scare you, they’re even putting the squeeze
on the banks and treating them as ‘co-conspirators’ if
they assist you by cashing a check for one of these distributions.
For example, if you arranged for one of your foreign entities to
help your mother pay her medical bills where this amount exceeded
$10,000 and she cashed a check at her bank without filing a ‘Report’,
both she and the bank would be considered to be ‘conspiring’
to defraud the government and all the ramifications (fines, penalties,
taxes, seizures and jail time) that go with that.
The highest courts in the land have ruled for many
generations that one may legally arrange his affairs so as to pay
the lowest tax possible. This is known as lawful tax avoidance (not
evasion). Now the bureaucrats in the Treasury want to overturn well
established legal doctrine...
"The Service has the power to prescribe
regulations to prevent the avoidance of the Estate, Trust and Beneficiary
part of the code..."
Whaaaat? Apparently they want the power to force
you to pay the highest tax allowable by law, and then some!? And
not only while you are alive, but they will follow you to the grave
as well. The burden of proving your case will now fall on your executors
and heirs (if you are stupid enough to have any, i.e. a will). Good
luck!
It is also a well held legal principle in taxation
that you do not pay taxes on unrealized gains unless or until that
gain is realized through sale or exchange. Look at this...
"...the Committee believes it fair and equitable
to tax expatriates on the appreciation in their assets..."
So if the Treasury Bureau-Rats decide in
thier infinite wisdom that your assets are worth more than what
you paid for them, they will demand their pound of flesh regardless
of whether you have received this gain or not. You’d
better not be asset rich and cash poor. They’ll see to it that
your just plain poor! The inscription on the Statue of Liberty
reads, "Give us your tired and your poor". With legislation
like this, any emigrant to the U.S. will certainly become tired
of complying with crap like this, and poor if he does!
I’ve only just begun addressing this national
disgrace. We’ll continue in the next issue. But so far, how
does this make you feel about how your government treats your right
to be a citizen? For some, they say "love it or leave it!"
They’re making it hard to do either one, don’t you think?
All these regulations may make the uninitiated quite
leery about doing anything ‘offshore’. As complicated
as all of this sounds, the solutions are really quite easy.
Consider the following:
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If you were considering becoming an ex-pat -
what if you were already a ‘pauper on paper’ before
you did the official act? If you owned nothing when you became
an expat then there would be no tax motivations would there?
Privacy Club International can help you with this.
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What if, in becoming an ex-pat, you understood
the proper use of domestic- form filing trusts and foreign trusts
and how they interact? See PCI again.
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What if you had the ‘IRS Freedom’
Home Study Course offered by WWS and were able to use the IRS’
own paperwork and tell them "according to your files, rules
and regulations this doesn’t apply to me! Bug Off!"
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What if you had the complete and unshakable
faith that none of this gobbledygook mattered one iota to you
because you were ‘outside of the loop’ and totally
‘within the law’? You can be. Call to find out how!
CONSUMER ALERT
WARNING! PLEASE READ IMMEDIATELY!
THIS IS SERIOUS!
It has been discovered that a well
organized criminal syndicate is
defrauding consumers all across the
nation. If you get an envelope
from a company putting themselves
out as the INTERNAL REVENUE SERVICE,
Do not open it! This group runs the
same scam around this time every
year. Their letter claims that you
owe them money which they will take
and use to pay for the operation
of essential functions of the U.S. Government.
This is untrue! The money the IRS
collects is used to fund foreign entities for
various unAmerican, inefficient and
pointless social engineering programs. When
your check is cashed you will notice
that the U.S. Government does not endorse it.
This group has ties to another shady
organization called the Social Security
Administration, who claim to take
money from your regular paychecks and save it
for your retirement. In truth, the
SSA uses the money to pay for the same
misguided make-work projects the
IRS helps mastermind in an elaborate ponzi scheme.
The scam artists have bilked honest,
hard working Americans out of billions of dollars.
Don’t be among them!
Taxpayers' Bill of Rights
As your editor, I was thinking that it would be
appropriate to publish a list of your rights as a taxpayer, especially
in view of the time of year that we are in. However, the more I
got to thinking about it, the more I felt that this would be counter-productive.
After all, as my thinking goes, the more pain that the IRS inflicts
on the American people, the more people are going to be motivated
to take the time to understand the fraud that is being perpetrated
on them.This awakening to the truth will infuriate them. So, the
more likely these infuriated Americans are, the more likely they
will be to learn how to legally and lawfully ‘un-volunteer’
from collusion with criminals and get back to a life as an honest
citizen. The more people we can get to do this, the closer we are
to the complete exposure of the criminal fraud and the ultimate
death of the unGodly, unAmerican parasitic vultures and thieves
that call themselves the IRS.
So, if you want to continue to participate in this
ongoing criminal enterprise and to associate with and support these
criminals, I’m not going to help you to do that and I’ve
decided not to publish your ‘Taxpayer Rights". You can
use, and pay for, your CPA to filet you on a spit for the vultures,
if that’s what you insist on doing. Make your mistakes, stumble,
fall, get stepped on, stolen from, violated, abused, neglected and
whatever else happens when criminals eat their own. If you haven’t
already learned enough about these issues to be immune, all I can
say is... "Let the Pain Begin!"
Suffering is a great motivator for people to find
the cure for this social cancer. And the cure is not only readily
available, but it is far less expensive than treating the symptoms
of this dreadful disease! Ask the AMA. They know all about the financial
benefits of extended illnesses and the supression of easy cures!
If you understand the nature of this pain and fear it sufficiently
to do something about it...I highly recommend our "IRS FREEDOM
COURSE". Here’s to preventative medicine and your good
health! Cheers!
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