ALSO just for fun
Did you know
- Americans are taxed on their worldwide income. “The United States is the only major country which taxes based on citizenship rather than residency.”
- Americans need to tell the IRS about any bank account or company they have anycontrol over. It might sound like no big deal, but add a few small investments to your portfolio and all of a sudden you’ve got a big headache on your hands. What makes it even worse is that…
- The US tax code is terribly complex, confusing, and expensive to comply with. This is the case even for highly experienced professionals in the game for decades.
- Many banks and overseas professionals won’t deal with Americans. It’s looking like this is about to get a lot worse. “The foreign banks also must provide an annual report of the account balance, gross receipts and gross withdrawals of the U.S. account holders.”
North Korea
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