By Matt Agorist
“If you don’t like America, you can’t get out!” Okay.
As Donald Trump and his ilk boast building a giant wall to keep immigrants out of the United States, more Americans than ever before are fleeing.
According to a new analysis, the number of American citizens turning their backs on the United States has skyrocketed in the last decade, breaking records each year.
Since 2008, the number of Americans renouncing their citizenship has increased 18 fold, making 2015 the third record-breaking year in a row.
As the US government continues to spread war across the globe and pass legislation granting tax breaks to mega-corporations while squeezing small businesses for every last dime, people are saying ‘enough is enough.’
According to CNNMoney, unlike most other countries, the U.S. taxes its citizens on all income, no matter where it’s earned or where they live. For Americans living abroad, that results in a mountain of paperwork so complex that they are often forced to seek professional help, forking out high fees for accountants and lawyers.
This excessive burden of handing over 30-40% of one’s income is unsustainable, and we are now seeing its effect.
However, those who are renouncing their citizenship do so because they can afford to flee to another country. As they leave, the tax burden will continue to be passed on to the middle class as the state attempts to squeeze more blood from a turnip.
The irony here is that those who are fleeing are not the super rich elite as they could care less about the tax laws — that they wrote. Just last week, the Free Thought Project reported on the newly established tax haven for the super-rich — located inside the US.
The words of Andrew Penney, managing director of Rothschild & Co., are extremely clear to the elite, who need not flee; the U.S. is now the world’s biggest tax haven. In a draft for a presentation in San Francisco, Penny wrote that the U.S. “is effectively the biggest tax haven in the world.”
In the meantime, that same skewed tax code is forcing small business owners out of the country just so they can make ends meat.
Small business owners and the upper middle class aren’t the only ones fleeing at record rates either. According to a report by the Pew Research Center, more Mexican immigrants are leaving the United States than are coming into the country.
This negative shift in border flow is happening for the first time in over four decades. It seems the Land of the Free, is quickly becoming the land to escape from.
If history is any indicator, the American empire will continue to expand and as a result so will domestic tyranny and taxation. This mass exodus of people out of the US is the canary in the coal mine for what’s to come.
As politicians and their supporters push to close the borders, remember one thing. A wall big enough to keep them out, is also big enough to keep you in.
How to Disappear Off the Grid Completely (Ad)
Matt Agorist is an honorably discharged veteran of the USMC and former intelligence operator directly tasked by the NSA. This prior experience gives him unique insight into the world of government corruption and the American police state. Agorist has been an independent journalist for over a decade and has been featured on mainstream networks around the world.
When in Rome..
No surprise.
There’s a simple reason for this – the US is just about the only nation that foolishly insists that citizens pay tax at home AND abroad when working in other countries. This shortsighted policy ensures an ongoing brain drain and perpetual dumbing down.
Besides that, we need to change from income tax to property tax. If you want to know why, every other major country in the world is using property tax system. If you dont want to research, think of the property tax we have to pay. We only pay if we own property. WELL, if you tax income, you are taxing people for working.
If you knew that you had to pay the government so that you can work, would you even bother to start working?
And of course in the US Income Tax is an illegal tax, as the legislation wasn’t ratified by enough states to become law – and the rich and big corporations don’t pay it; it’s only a tax on working wage slaves. But we’ll not let legalities keep hogs from the trough, as hardly anyone seems to know their rights or care about them!
The Federal Income Tax was never ratified; you don’t need to pay. The Neo-niggers of the three branches of the US government along with their Reptilian Overlords need to be run off planet for all time,
You have to pay if the tax is going to be apportioned. Since the tax money goes back to paying the interest on the national debt, meaning it does not get spent on the states based on population, the income tax is illegal.
Unfortunately the article doesn’t mention the outrageous fee (over $2000) the government charges to those who want to dump their citizenship.
“Since 2008, the number of Americans renouncing their citizenship has increased 18 fold, making 2015 the third record-breaking year in a row.” NOt exactly.
The numbers released include citizens AND long term residents. The actual number of citizens is estimated to approach 4,500 in 2015. Most are leaving to avoid taxes,thus taking wealth they accumulated using the system and leaving to avoid paying for it. These are not poor people who cannot afford their taxes (taxes on the rich are among the lowest of all advanced nations), but people who have wealth they want to shelter from taxes. In other words, they are a strain of freeloaders or takers.
Nor is it true that income earned abroad is always taxed (“According to CNNMoney, unlike most other countries, the U.S. taxes its citizens on all income, no matter where it’s earned or where they live”) No: . “The latest threshold for tax-free earnings for US citizens is $95,100 of foreign earned income for the 2011/2012 tax year.” So if you are renouncing citizenship to avoid taxes, you are making more than that amount.
We are talking about affluent people whose agenda is to avoid taxes. Anyone telling you you don’t have to pay income taxes can join you in jail.