- The 14th of July was the French National Day.
- The 14th I had my gall bladder out.
- The 14th I learned I DIDN'T have cancer of the gall bladder
- The 14th I became one of the 8 plaintiffs to sue the US government over FATCA
For those that don't know the US has bullied banks all over the world into reporting all American accounts under threat of huge penalties and being shut out of international markets.
The banks found it easier to shut the Americans out of all financial services. The number of closed accounts is growing every day all over the world for expats.
Imagine not being able to bank because of where you born.
I never thought I'd be involved in a law suit. Not my thing, but the punishment of innocents was too great.
Immediately the criticisms started. All American expats are wealthy scum avoiding their responsibilities.
A study conducted by the Democrats Abroad and cited by Republican Overseas said those most affected were middle class, noting that 68% of checking accounts and 40.4% of savings accounts closed due to FATCA had balances of less than $10,000. Hmmm doesn't seem that wealthy to me. Hard to buy an airplane with only ten thousand.
Many have been forced into giving up their American nationality to have ordinary lives.
Some homelanders say, "When you are in trouble, the US won't come and save you." Well, they don't anyway. US citizens in Yemen and Somalia have been saved by other countries and weren't charged as they would have been had the US tried to get them out.
The image is the expats live tax free. Often our local taxes are higher than the US ones.
We are under constant threat of penalties if we don't do this or that. We report our money to a crime agency implying that by living overseas we are criminals.
Now Chuck Schumer (D-NY) Rob Portman (R-OH) have proposed a bipartisan tax reform plan that will reduce taxation of overseas profits on corporations? US corporations are people. If they are not required to pay taxes on overseas income why should two-legged, walking-talking people be required to do so?