At the US Embassy in London, there is a waiting list that none of the officials likes to discuss. On the list are Americans hoping to give up their citizenship, as they seek shelter from the Internal Revenue Service.
Asked by Anonymous at 11:20 PM on Aug. 3, 2010 in Politics & Current Events
Answer by LoriKeet at 9:01 AM on Aug. 4, 2010
Answer by emptynstr at 11:59 PM on Aug. 3, 2010
Answer by shay1130 at 11:26 PM on Aug. 3, 2010
Answer by hot-mama86 at 12:21 AM on Aug. 4, 2010
Answer by canadianmom1974 at 12:27 AM on Aug. 4, 2010
Answer by jesse123456 at 9:41 AM on Aug. 4, 2010
Forgot the link...
The GBP is currently equivalent to $1.60 in USD
|Starting rate for savings: 10%*||£0-£2,320||£0-£2,440||£0-£2,440|
|Basic rate: 20%||£0-£34,800||£0-£37,400||£0-£37,400|
|Higher rate: 40%||Over £34,800||Over £37,400||£37,401-£150,000|
|Additional rate: 50%||Not applicable||Not appl
Answer by LoriKeet at 9:08 AM on Aug. 4, 2010
OOPS!!! Not sure what happened there! LOL
Answer by LoriKeet at 9:09 AM on Aug. 4, 2010
The reason is silly, bit it will open up spots for people desperately trying to get citizenship, who are willing to pay taxes.
Agreed, and aren't the taxes in London higher?
Answer by sweet-a-kins at 10:42 AM on Aug. 4, 2010
LOL...Jesse....I must remember to use my powers for good, not evil!! :o)
Answer by LoriKeet at 10:53 AM on Aug. 4, 2010