More are renouncing U.S. citizenship as IRS cracks down

[picadilly]

108. Can the US bear reciprocity ?

So, what if ... foreign countries did the same and taxed their citizens living and working in the US on any revenue above 4x their respective poverty line ?

Let's take for example, Mexico, poverty line being roughly US$1600/y/individual, vs US$11,000/y/individual in the US.

So, if Mexico applied the same law, any mexican living and working in the US would owe taxes to the mexican state on revenues above $6400/y/individual.

And if Mexico applied more of the same law, US banks would have to provide the state of Mexico with the information on financial holdings and movements of mexican account holders. Eventually, all this information exchange isn't free, and should give your local neighborhood bankster a prime "state regulations" excuse to hike account management fees up.

Incidentally, who thinks, retrospectively, that Nazi Germany should have had the same rights, as the US today, to scrutinize german jewish holders of bank accounts in the US, among the other german residants in the US, and prosecute them for fiscal evsaion, and obtain cooperation of the US govt to seize jewish assets in the US ?

Once put in perspective, this is really what the US govt is asking, AND getting from countries it sets it sights on to make it's citizens with foreign residancy abide to US law.