For help with an International tax issue go to [ Ссылка ]
Oh, the infamous Ovaltine scene from "A Christmas Story"! 😄
In the movie, Ralphie eagerly awaits his Little Orphan Annie decoder ring in the mail, hoping it will unlock a secret message that will change his life. When the ring finally arrives, he decodes the message only to find out it's a commercial for Ovaltine, the malted milk drink. The disappointment on his face is priceless!
The scene is a clever commentary on the commercialization of childhood and the way advertisements can manipulate kids' desires. Ralphie, like many children, is led to believe that the decoder ring will lead to adventure and excitement, only to find out it's just a marketing ploy to sell more Ovaltine. It's a humorous yet poignant moment that highlights the disillusionment many kids experience when they realize the world isn't always as magical as they'd hoped.
Likewise for many Americans. hoping for relief from the. abusive tax regime that. Democrats largely created, Democrats. abroad has a similar message for those suffering under the weight of citizenship taxation.: "Be sure to vote for us this November!"
Do you think the people who intentionally traumatize you and make your life so miserable you may be forced to renounce your citizenship to live a normal life, just need just a little more time to figure out how they can stop tormenting you?
If you answered yes, the Democrats Abroad. have a deal for you.
Because the Democrats Abroad have a difficult problem. The Foreign Account Tax Compliance Act (FATCA) is 100% a Democrat idea. And the results are disastrous for Americans overseas., many of whom. are Democrats. True Republicans are terrible as well, but amazingly not as terrible as Democrats in passing abusive tax rules on Americans livings overseas.
Now the good news for Democrats Abroad, is. that thanks to the tribalism of Americans politics, many US expats will agree to whatever the Democratic leadership demands of them
But not everyone is so inclined. So to drum up support, Democrats Abraod held a webinar with the goal of finding solutions to the complicated tax regime, most of which was all passed into law by Democrats.
Rebecca. Abroad stsrts off the presentation with the most scathing indictment of the US tax regime. She exaplins it truthfully and accurately. She should be lauded.
But then she moves on to solutions.. and .things get a little murky. She mentioned the Taxpayer Bill of Rights as a solutions - but the taxpayer bill of rights is inoperative. And the only one soldi advice she can offer is to vote for Democrats this November, because this time for sure, the Democrats will repeal the ruinous laws they created.
Additionally her technical advisor claimed that renunciation is a bad idea, but stoke the fear and anxiety and blamed much of the problems on "Midid II," an EU law.
Rebecca hit a sour note when she claimed that many in the tax industry are lying to people about renouncing. simply because these promoters make money off of renunciation. (this is a. BS comment - US tax firms lmake more money when people don't renounce)
In this video host Anthony Parent will discuss the Democrats Abroad June 17, 2024 presentation with long-time guesrts John Richardson, Esq. and Keith Redmond.
According to Democrats Abroad:
"The aim of this event is to educate Americans abroad on the top tax and financial access issues faced as well as resources they can use to maintain a normal financial life abroad. We will discuss common concerns and give examples of both short and long-term solutions to help you continue enjoying the benefits of US citizenship.
This session is for Americans abroad/U.S. citizens/dual citizens/expats who:
Can't find a way to save or invest in their country of residence
Can't figure out how to file a US tax return without paying expensive accountants
Scared that they can't maintain their US tax filing obligation
Think they may never return to the US
Feel there is no way out except to renounce
Are concerned about passing on a tax burden to their dual citizen children
Topics discussed in the session will include:
Solutions to some of the most common financial problems that Americans Abroad face
Explain the false conclusions that the tax compliance industry is propagating in the American community abroad
Why many barriers Americans abroad face aren't due to FATCA
Why your US citizenship is important."
So what do you think? Just drink you ovaltine, vote for Joe Biden and all your US tax problems will be solved? Join us for the discussion live.
