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| 10:45 PM | ||
| Users Online Now: 2,231 (Who's On?) | Visitors Today: 1,463,855 | |
| Pageviews Today: 2,438,758 | Threads Today: 977 | Posts Today: 17,405 |
| 10:45 PM | ||
U.S. Currency Control Comes Into Effect Jan. 1, 2013! Will It Affect You? | |
| Anonymous Coward User ID: 27438174  Philippines11/11/2012 06:11 PM Report Abusive Post Report Copyright Violation | |
Cassandra's Echo  User ID: 26563571  United States11/11/2012 06:20 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 20257839 United States11/11/2012 06:43 PM Report Abusive Post Report Copyright Violation | The law requires that any financial institution (US or foreign) remitting any foreign payment to a bank in such a country Quoting: Anonymous Coward 19461620 in "such a country" means a country considered a TAX HAVEN, and MOST countries aren't in that category now, ARE THEY??? . Actually, there are a lot. I mean, go Google it yourself 'ignorance'-tard. |
| MarkinAZ User ID: 20006444 United States11/11/2012 06:45 PM Report Abusive Post Report Copyright Violation | This is going to be the creation of a cottage industry. I would imagine that people will be willing to pay at least 5 to 10 percent to get their money out of the US and into other countries accounts without paying this outrageous tax! And there will no doubt be ways around it for the very rich. There always have been and always will be. Why do you think Mitt Romney paid less than 10% of his gross income in Federal and State taxes? (I grant you it was still 3 million dollars that he shelled out that year - but that means his income was close to forty-million dollars that one year!) Most of us pay between 28 and 35 percent of our earnings in taxes plus the state tax burden that is usually but not always, about 10% of the federal tax owed. |
| Anonymous Coward User ID: 20257839 United States11/11/2012 06:46 PM Report Abusive Post Report Copyright Violation | The law requires that any financial institution (US or foreign) remitting any foreign payment to a bank in such a country Quoting: Anonymous Coward 19461620 in "such a country" means a country considered a TAX HAVEN, and MOST countries aren't in that category now, ARE THEY??? . Actually, there are a lot. I mean, go Google it yourself 'ignorance'-tard. Source: [link to www.zyra.org.uk] |
| Douchebag expat User ID: 27491818  Japan11/11/2012 06:51 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 27549343 United States11/11/2012 06:57 PM Report Abusive Post Report Copyright Violation | |
| drhoecker User ID: 19191405 United States11/11/2012 06:59 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 27489035  Brazil11/11/2012 07:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 27392237 United States11/11/2012 07:22 PM Report Abusive Post Report Copyright Violation | |
| Cassandra's Echo User ID: 26633771 United States11/11/2012 07:32 PM Report Abusive Post Report Copyright Violation | For whom? It is a good law for greatly discouraging people from moving their wealth to a safer place... This will help keep the money inside the country until the fed gov can figure out how to steal it too! The problem with this country for years was the money leaving it. No more sending money home to Mexico. For whom? It is a good law for greatly discouraging people from moving their wealth to a safer place... This will help keep the money inside the country until the fed gov can figure out how to steal it too! The problem with this country for years was the money leaving it. No more sending money home to Mexico. You're absolutely wrong. The only thing that has prevented the US dollar from going into a hyper-inflationary spiral, is the fact that at any given moment 60% of it is NOT in the country. Very soon, within the next couple years, the US dollar will be abandoned as the world reserve currency, which is already on the way as many countries have ALREADY abandoned it. When that happens, trillions of dollars that live overseas, are going to come flooding home and there will be no way to stop the massive inflation. When bread costs you $50 a loaf, and $80 a gallon for gasoline, remember how you wanted this to happen. Interesting point, AC. Are you saying that by steering more money into the US the government is encouraging hyperinflation...? |
| Anonymous Coward User ID: 5637281 United States11/11/2012 07:41 PM Report Abusive Post Report Copyright Violation | For whom? It is a good law for greatly discouraging people from moving their wealth to a safer place... This will help keep the money inside the country until the fed gov can figure out how to steal it too! The problem with this country for years was the money leaving it. No more sending money home to Mexico. You're absolutely wrong. The only thing that has prevented the US dollar from going into a hyper-inflationary spiral, is the fact that at any given moment 60% of it is NOT in the country. Very soon, within the next couple years, the US dollar will be abandoned as the world reserve currency, which is already on the way as many countries have ALREADY abandoned it. When that happens, trillions of dollars that live overseas, are going to come flooding home and there will be no way to stop the massive inflation. When bread costs you $50 a loaf, and $80 a gallon for gasoline, remember how you wanted this to happen. THIS^^^^^^^^^^^^^^^^^^^^^^ congrats to you.. Your`e a smart one......  |
| Celtic Ranger User ID: 26511160 United States11/11/2012 07:41 PM Report Abusive Post Report Copyright Violation | This is going to be the creation of a cottage industry. I would imagine that people will be willing to pay at least 5 to 10 percent to get their money out of the US and into other countries accounts without paying this outrageous tax! Quoting: MarkinAZ And there will no doubt be ways around it for the very rich. There always have been and always will be. Why do you think Mitt Romney paid less than 10% of his gross income in Federal and State taxes? (I grant you it was still 3 million dollars that he shelled out that year - but that means his income was close to forty-million dollars that one year!) Most of us pay between 28 and 35 percent of our earnings in taxes plus the state tax burden that is usually but not always, about 10% of the federal tax owed. I'm not sure what this has to do with Mitt Romney. But since you mentioned him at least be correct when you do. It was 14% he paid in taxes not less than 10% that you claim. [link to money.cnn.com] Also, that income he made was on investments. He was essentially taxed again on money that was made from employment earlier in his career. The reason it was less than the 15% capital gains tax that everyone pays it due to philathropic donations. The whole concept that the government has a right to the fruits of our efforts (through income tax) not withstanding, I think most people would like to have retirement savings. Taxing this investment income a second time via capital gains tax robs the economy of that 15% which would be invested directly in businesses or indirectly through consumption. Which incidentally would generate more of that "revenue" that government salivates over. Be civil to all; sociable to many; familiar with few; friend to one; enemy to none. Benjamin Franklin |
| Anonymous Coward User ID: 7944629  Canada11/11/2012 07:49 PM Report Abusive Post Report Copyright Violation | What about American Expats who are employed by US companies but stationed offshore? What about their payroll accounts? They have to move money to Europe or Japan or wherever they are all the time. Otherwise how would they live? This is insanity for those people. Quoting: MarkinAZ screw overseas employees what are they doing anyway, working outside of the U.S.A.? What, are jobs here not good enough for them? Screw them if they think they're better than the rest of us Asshole so-called executives, serves them right...keep their money in the US where the government can help them redistribute it to help their fellow man there are people trying to just feed their families, no one cares if a few rich people have to pay a little bit extra on thousands of dollars they probably stole anyway / sksm  You should consider having a basic understanding about something before raging at it like this. Then you wouldn't end up looking dumber than a pile of shit like this. |
| Anonymous Coward User ID: 7944629 Canada11/11/2012 07:52 PM Report Abusive Post Report Copyright Violation | What about American Expats who are employed by US companies but stationed offshore? What about their payroll accounts? They have to move money to Europe or Japan or wherever they are all the time. Otherwise how would they live? This is insanity for those people. Quoting: MarkinAZ screw overseas employees what are they doing anyway, working outside of the U.S.A.? What, are jobs here not good enough for them? Screw them if they think they're better than the rest of us Asshole so-called executives, serves them right...keep their money in the US where the government can help them redistribute it to help their fellow man there are people trying to just feed their families, no one cares if a few rich people have to pay a little bit extra on thousands of dollars they probably stole anyway / sksm You should consider having a basic understanding about something before raging at it like this. Then you wouldn't end up looking dumber than a pile of shit like this. Of course, I just now see the "/ sksm" lol... I guess I'm the one dumber than a pile shit! |
| Anonymous Coward User ID: 27000113 United States11/11/2012 07:52 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 18942840 Canada11/11/2012 08:13 PM Report Abusive Post Report Copyright Violation | |
| SilverPatriot User ID: 10518597 United States11/11/2012 08:29 PM Report Abusive Post Report Copyright Violation | For whom? It is a good law for greatly discouraging people from moving their wealth to a safer place... This will help keep the money inside the country until the fed gov can figure out how to steal it too! Not really, we will find more affluent Americans will simply pack up and moving their businesses and homes to safer havens they will lose money in the process these laws will see to that but will no longer fund our tax and wanton spending president. |
| Anonymous Coward User ID: 18598833 United States11/11/2012 08:32 PM Report Abusive Post Report Copyright Violation | What about American Expats who are employed by US companies but stationed offshore? What about their payroll accounts? They have to move money to Europe or Japan or wherever they are all the time. Otherwise how would they live? This is insanity for those people. Quoting: MarkinAZ screw overseas employees what are they doing anyway, working outside of the U.S.A.? What, are jobs here not good enough for them? Screw them if they think they're better than the rest of us Asshole so-called executives, serves them right...keep their money in the US where the government can help them redistribute it to help their fellow man there are people trying to just feed their families, no one cares if a few rich people have to pay a little bit extra on thousands of dollars they probably stole anyway / sksm You should consider having a basic understanding about something before raging at it like this. Then you wouldn't end up looking dumber than a pile of shit like this. hello / sksm = / end SARCASM get a sense of humor, seriously |
| Dr.DoomLittle User ID: 6231580 United States11/11/2012 08:59 PM Report Abusive Post Report Copyright Violation | |
| TT SCOTT TT User ID: 4884715 United States11/11/2012 09:16 PM Report Abusive Post Report Copyright Violation | |
| ehecatl User ID: 27466874  Mexico11/11/2012 11:37 PM Report Abusive Post Report Copyright Violation | Update: U.S. Currency Control Implementation Has Been Delayed Until Jan. 1, 2017! [link to www.munknee.com] Looks like you people got an extension to get your money out of there. Gee, 2017 seems like an eternity from now. I bet the wealthy could have drained about a fourth or more of the money from the nation before Jan 1st if the deal had gone through. How much change could take place between then and now? Last Edited by ehecatl on 11/11/2012 11:39 PM |
