godwin_anarchism Posted January 13, 2013 Posted January 13, 2013 This video was recently posted on Youtube talking about pro-active asset protection. Protect Yourself from the Predatory State Published on Jan 12, 2013 Thanks for the information in this video. I'd really like if you continued in another show on the subject you touched on at 18:30 in the video ... that as government gets more desparate for more revenue, they will try to close options. Maybe after the conference, since it isn't being recorded, share some of the ideas that were discussed. Over the past few years, the U.S. has aggressively been forcing banks in other countries to disclose information on U.S. citizen accounts ... like in 2009 with UBS Swiss bank accounts. Since most banks are now in a symbiotic relationship with governments (and central banks) for mutual survival, they are acting in cooperation and unable to "protect" their clients in ways they did before. The U.S. is now on to those that are seeking to go elsewhere. The Ex-PATRIOT Act was a bill introduced in 2012 to go after people that leave the country to avoid paying our higher tax rates, something that's becoming a trend. As they seek more revenue, they will continue to hike rates in every bracket, and lower the threshhold for the higher tax brackets. I suspect more people will join the growing trend to leave. The Ex - PATRIOT Act is trying to find a way to tax people after they leave, rendering this strategy useless. Please do a show on this topic. If you already have, someone let me know which episode it is.
godwin_anarchism Posted January 13, 2013 Author Posted January 13, 2013 Schumer And Casey's Ex-PATRIOT Act: Details Of How They Plan To Get Saverin's $67M And More http://techcrunch.com/2012/05/17/schumer-and-caseys-ex-patriot-act-details-of-how-they-plan-to-get-saverins-67m-and-more/ "It’s pretty big: any ex-pat with either a net worth of over $2 million, or an average income tax liability of at least $148,000 over the last five years, “will be presumed to have renounced their citizenship for tax avoidance purposes.” The ex-pat will have to demonstrate to the IRS that this is not the case if it is not. If there is a “legitimate reason” for that person living outside the U.S. no penalties will apply. But if the IRS finds that someone gave up their passport for tax purposes, they will impose a tax on that individual’s investment gains “no matter where he or she resides.” The rate of that capital gains tax will be 30 percent — the same that non-resident aliens currently pay on dividends and interest earnings. The tax detailed this act, if approved, will backdate for 10 years after its approval." ... "As long as an individual does not pay his or her taxes under the scheme, he/she will be barred from entering the U.S., forever." Why the Ex-Patriot Act Is a Creepy Law http://www.theatlantic.com/politics/archive/2012/05/why-the-ex-patriot-act-is-a-creepy-law/257368/ "Even if you disagree with some of that analysis, the most disturbing part about this is that two Senators are targeting a specific individual with legislation, and attempting to punish him for legal behavior because they find it personally offensive. It's an affront to the rule of law (as is putting the burden of proof on individuals rather than the state), and telling that of all the Wall Street crooks who've gotten away with actual illegal behavior in the last several years, the guy two U.S. Senators are singling out is a Facebook co-founder who has done nothing but benefit this country."
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