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davidpdx

(22,000 posts)

19. Hillary Clinton and President Obama fucked up by passing FACTA (and FBAR)

Mon Apr 11, 2016, 10:05 AM

Apr 2016

Because it snares those of us that are middle class expatriates, not rich. That is why there has been hundreds of people who have given up their American citizenship. The limit for FBAR is $10,000 and FACTA is $50,000. That may sound like a lot, but even with a salary of under $50,000 one can top those limits after five years. Those two laws require hours of paperwork and if by chance you make a mistake, it will be a costly one. The fine is $10,000. So much for keeping tabs on the rich.

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Panama Papers: The Sham of Austerity and the Storms to Come [View all] Ferd Berfel Apr 2016 OP

It's not possible for Bernie Sanders, either Warpy Apr 2016 #1

As I said Ferd Berfel Apr 2016 #2

You won't get a response. He did his job and got the number one response rhett o rick Apr 2016 #38

Think they get paid for this? Ferd Berfel Apr 2016 #40

TRADE DEALS (like the ones the Clintons passed in the 90s) LOCK IN AUSTERITY Baobab Apr 2016 #24

What Many Bernie Supporters See Is This... ChiciB1 Apr 2016 #29

Has the connection to Greece been made yet? Kalidurga Apr 2016 #3

I don't think US citizens and corporations are absent from the Panama files. fasttense Apr 2016 #22

There are at least 200. However, Delaware is already the biggest tax haven Baobab Apr 2016 #25

Media in Canada arikara Apr 2016 #30

The MF'ers have a subsidiary in Vegas. KamaAina Apr 2016 #34

I find it impossible to believe that this is was made possible by US laws Kalidurga Apr 2016 #35

The revelations in the Panama Papers lastone Apr 2016 #4

But as Hillary's BFF Lloyd Blankfein stated... FlatBaroque Apr 2016 #5

We have been robbed blind FlatBaroque Apr 2016 #6

Obama and Hillary did fix this, with FATCA. That's why there are very few US names on the list. pnwmom Apr 2016 #7

From my understanding it's more this. 4bucksagallon Apr 2016 #15

I think it is a cover up. fasttense Apr 2016 #23

Hillary Clinton and President Obama fucked up by passing FACTA (and FBAR) davidpdx Apr 2016 #19

+1000 eom noiretextatique Apr 2016 #21

200 Names? Blue Meany Apr 2016 #31

No body can make me not believe that the Clinton's the Bush's are all over those papers. bkkyosemite Apr 2016 #8

It is much harder to hide money when your returns have been public ever since you made pnwmom Apr 2016 #16

Not if the money never was in their personal accounts. Directly from the rhett o rick Apr 2016 #39

Utter nonsense. The Clintons had no trouble making plenty of money on their own. n/t pnwmom Apr 2016 #41

Their money is all dirty money. Given with the expectation of quid pro quo. rhett o rick Apr 2016 #43

Tax evasion is illegal. kentuck Apr 2016 #9

HRC Is Owned By The Oligarchs, Corporations And Banks - She Would Never Blame Her Masters cantbeserious Apr 2016 #10

Or Prosecute Them scottie55 Apr 2016 #11

Exactly cantbeserious Apr 2016 #14

Oh. Obama first then Clinton to make the pardons. DhhD Apr 2016 #26

Tax dodging for the rich Rosa Luxemburg Apr 2016 #12

Secret speeches, secret bank accounts, secret government.... because? jalan48 Apr 2016 #13

Let's understand: snot Apr 2016 #17

K&R!!! I spoke to a 1% Trust Funder who admitted that he has about 20 shell corps and is Dustlawyer Apr 2016 #18

[Insert candidate name] could do it. mwooldri Apr 2016 #20

Sadly it won't happen though SocialLibFiscalCon Apr 2016 #27

a sad truth Ferd Berfel Apr 2016 #37

I've Been A "Johnny (Janey) ONE NOTE On This Subject For ChiciB1 Apr 2016 #28

Kicked and recommended. Uncle Joe Apr 2016 #32

Bernie Sanders offers the last peaceful way out. felix_numinous Apr 2016 #33

The Greedy Oligarchy should heed the words of Machevalli which essentially said, rhett o rick Apr 2016 #42

We are not broke, we are being robbed. Ned Flanders Apr 2016 #36