- I need to get away from the internet - It is making me go crazy. I keep learning this stuff and keep wanting to share it. I know you all love it.
So June 4, 2008 - Charlie Rangel, Democrat congressman from Harlem. Chairman of the House Ways and Means Committee, slips this little law into a popular military and veterans pension/pay bill, (without hearings or public notice) and on June 4, 2008, President Bush, not wanting to upset the veterans' lobby, signed it into law.
The Rangel exit tax presumes that anyone who ends his or her U.S. citizenship and; (1) who paid more than $124,000 in net taxes for the previous five years, or (2) has a net worth of more than $2 million, is a tax traitor who did so with the intent to avoid paying taxes. No proof of intent is required. With some variations, the tax is about 50% of the value of all the expatriate's assets wherever located.
FYI Congressman Rangel holds his money in an offshore account and did not and does not report it on his taxes.
We HAVE to get INFORMED and get involved. This is OUR country and we need to make sure it says that way.
So June 4, 2008 - Charlie Rangel, Democrat congressman from Harlem. Chairman of the House Ways and Means Committee, slips this little law into a popular military and veterans pension/pay bill, (without hearings or public notice) and on June 4, 2008, President Bush, not wanting to upset the veterans' lobby, signed it into law.
The Rangel exit tax presumes that anyone who ends his or her U.S. citizenship and; (1) who paid more than $124,000 in net taxes for the previous five years, or (2) has a net worth of more than $2 million, is a tax traitor who did so with the intent to avoid paying taxes. No proof of intent is required. With some variations, the tax is about 50% of the value of all the expatriate's assets wherever located.
FYI Congressman Rangel holds his money in an offshore account and did not and does not report it on his taxes.
We HAVE to get INFORMED and get involved. This is OUR country and we need to make sure it says that way.
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