http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/show/110_HR_3056.html#22333 Resident aliens who return to their county of origin do not "expatriate" but "REPATRIATE" and should not be subjected to any limitation in exercising this right.... 22333@http://www.washingtonwatch.com Sun, 21 Oct 2007 12:31:03 EDT http://www.washingtonwatch.com/bills/show/110_HR_3056.html#22331 What makes the US legislators state that all non US citizens who have resided in the US and return to their country of origin, do so to avoid paying US taxes???... 22331@http://www.washingtonwatch.com Sun, 21 Oct 2007 08:29:44 EDT http://www.washingtonwatch.com/bills/show/110_HR_3056.html#22330 According to this law, non US citizens who return to their own country would have to pay to the US government an unrealized capital gain tax on their worldwide assets. This is simply a non-sense and an abuse that will make smart people think twice before moving to the US. Putting an "exit-ticket" is a clear indication of where this country is going!... 22330@http://www.washingtonwatch.com Sun, 21 Oct 2007 08:25:48 EDT http://www.washingtonwatch.com/bills/show/110_HR_3056.html#21120 The exit tax is a bad idea. Assets such as closely held businesses may not be liquid and taxes cannot be paid on them. The deferral mechanism described in the bill fails to allow for a business going bankrupt after it has been marked-to-market at a high value by the IRS. In this case the owner would have no way to ever pay off the tax obligation created at the time of expatriation.... 21120@http://www.washingtonwatch.com Wed, 05 Sep 2007 13:53:32 EDT