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The US government has seemingly been adversarial to their citizens for a long time. Not just in this, but in extremely onerous and expensive demands, like requi
by apercu 1y ago
The US government has seemingly been adversarial to their citizens for a long time. Not just in this, but in extremely onerous and expensive demands, like requiring expatriates to file US taxes - that alone cost me nearly $15,000 over 18 years in tax preparation fees (I'm self-employed).
Further, the FBAR reporting requirements. I have retirement money in Canada that makes no financial sense to divest yet, and I spent 5-6 hours filing an FBAR this year because the online form doesn't support OSX at all, and I simply could not get an Adobe Acrobat Reader to install on Apple silicon, so I had to rebuild a crappy Dell laptop in order to meet my legal requirements.
Now, I get requiring some sort of reporting requirements to stop tax evasion and the like, but the tax filing requirement is not based on anything like net worth, but rather if you are a US citizen you must file (US is one of I think 2 countries in the world with this requirement). And the FBAR requirement is anything up to or over $10k in a foreign bank.
For real?
If I sound like I am complaining, why don't you walk a mile in my moccasins.
#Edit - fixing an autocorrect typo.