U.S. Taxing ex-pats in Canada
 

http://www.theglobeandmail.com/globe...ticle19301124/


"Uncle Sam is shaking me down..."

Nowhere to hide
 

I know dozens of ex-pats living in Mexico who have blissfully ignored the FATCA (Foreign Account Tax Compliance Act). Now the banks are self-reporting. Play time is over.

Anyone who avoids paying taxes is OK in my book.

These are the guys who run to the American Embassy the first time they run afoul the local law. Remember you don't have do anything wrong to be arrested abroad. Being an American is enough. "Renounce or shut up!" That is the message we should be sending these jerks. I am sick and tired of hearing about the plights of Americans who think the USA isn't a good enough place to live. There are hundreds of kids from Central Americans who willing to trade places with them.

If the person wants to avoid US tax simply renounce their citizenship. I have no sympathy for a person who wants the benefits of citizenship but doesn't want the responsibilities that go with it.

This is stuff gets way too complicated, but this is how I see it.

If you are a US citizen living abroad and are paying all the appropriate income taxes of the country you are living in, you should NOT also have to pay the income taxes of the US.

If you do not have have to pay the income taxes of the country you are living in, then you should have to pay the taxes of the US.

You shouldn't be taxed twice.

If you give up your citizenship, then you should forfeit your entitlement to SS, Medicare etc... but not have to pay any further US taxes under any condition.

If the US keeps trying to double tax people or chase after former citizens that chose to leave and renounce their citizenship, the next option will be for people to operate and do business in cash more often, save in gold and other assets that the government does not know about etc... The idea will be drop your finances off the grid to the best of your ability.

If you are an American citizen living abroad; you can vote in our Federal elections, you can contribute to political campaigns, you enjoy every protection and privilege that a citizen living in the country does. So pay your US taxes and stop whining.

If you are an American citizen living abroad, their police and fire departments protect you, you drive on their roads, you go to their schools; so STHU and pay the taxes of the country in which you reside.

I was wondering, "Can an American living abroad deduct his foreign taxes when filing his US taxes?" Here is what I found at Americansabroad.org.
Can I deduct foreign taxes paid?

As a general rule, tax you owe the US on foreign income can be substantially reduced or even zero if you have already been taxed on said income in your country of residence. You can claim these paid taxes either as credits on your Federal return or claim each amount as an itemized deduction. The optimal choice between deduction or credit depends on your country of residence and whether or not this country has a tax treaty with the US as often there are substantial differences between US and foreign tax laws with respect to what the foreign country taxes and what it does not tax. For example, even though some countries do not tax capital gains, these are subject to US tax as are foreign employer contributions to foreign social security and retirement pension funds, as well as both employer and employee contributions to foreign deferred-income plans. Self-employed individuals run a much higher risk of being double taxed and you should contact an international tax professional immediately in this case. For more details see this article: Foreign Tax Credit - the Preferred Anti Double Taxation Tool for American Expats

I am not a tax expert, but it appears that you can.

http://americansabroad.org/issues/ta...ng-abroad-faq/

It's fine with me if you don't pay your taxes. But when that serial killer comes knocking at your door, don't expect us to send the police. When your house catches on fire, the fire department will remain at the station. And when the zombie Apocalypse begins, don't expect help from us when they eat your brain.
If they can find it. :rolleyes:

What responsibilities?
Our government ignores its responsibilities, so we can too.
We allow foreigners to come here illegally and leech our resources. What about them?

Screw it - every man for himself.
That is Obama's legacy.

I want mine. And 47% of yours.

Why not - you do that for anchors?
All I want to do is live by the standards YOU set.

And my brain would feed an army of Zombies.
Probably CURE them.

A US citizen who pays foreign taxes on income is allowed a tax credit for the amount paid up to the amount that would have been owed to the US. Example: US citizen has $100,000 of income taxed in a foreign country that results in foreign taxes of $15,000. The US citizen files a US tax return on the same income resulting in US tax of $20,000. The US citizen would get a credit against his $20,000 of $15,000 resulting in a net liability to the US of $5,000. If the foreign tax paid was greater than $20,000 the credit would be limited to $20,000.

Good thing you used all the local services paid for primarily with local and state and sales taxes to make the point. I'm hard pressed to come up with similar examples of how everyone benefits from their federal confiscations either.

While you pay your taxes, you are OK with others who do not.

Are you willing to pick up the slack for those who don't pay? I don't think so. The deficit, the debt, the interest on the debt are all affecting the value of your assets and your future taxes. Eventually SS and Medicare will be affected.

Think it through. Everyone needs to pay their fair share.

You think it could do any good for moonbats? Maybe you could donate it in a living will. :p