And Homelanders wonder why #Americansabroad are renouncing US citizenship

This is what @BarackObama and the @Demsabroad mean as "Change you can believe in" http://t.co/IGUIk0oIeZ – Read it once. Read it twice.

— U.S. Citizen Abroad (@USCitizenAbroad) April 28, 2015

 

The above tweet references a comment at the MapleSandbox.ca blog that is worth turning into a post. And they wonder why people renounce U.S. citizenship!

Real estate tax: One million American citizens in Canada face double tax troubles

For Americans abroad, your home will never be your retirement plan.

American citizens in Canada can’t even escape U.S. taxes in death

How does the Canada U.S. tax treaty assist with preventing double taxation on death?

Many U.S. citizens in Canada are heading for the exits — but it could cost them

This article is good news and bad news.

Good news – It advertises the fact that an “Exit Tax” exists.

Bad news – It doesn’t even begin to describe how punitive and confiscatory the exit tax is.

Boris Johnson: So you want to be mayor of London, Michael Bloomberg? That would be a step up

Michael Bloomberg, Mayor of London? http://t.co/g9MUt6XFou – What an opportunity for the #IRS to expand its tax base abroad!

— U.S. Citizen Abroad (@USCitizenAbroad) April 9, 2015

This would be interesting – Michael Bloomberg – attempting to be a “U.S. tax compliant” American citizen abroad. (Maybe he can avoid moving to London.)