Nomen Nescio wrote: > On Tue, Jul 09, at 02:02PM, Tim May wrote: > >>>Also, a person having extensive offshore (outside the U.S.) >>>assets may well find his assets are now taxable in the U.S. >>>And for those with capital assets not taxed in their home >>>countries (e.g., Germany, Japan), this may be quite a shock. >> > > On 9 Jul 2002 at 18:40, Gabriel Rocha wrote: > >>This applies wether he is a US citizen or not, green card holder >>or not, Sealand citizen or not. Once the IRS sinkstheir claws >>into you, you're screwed. > > > Are you saying that if someone is legally resident in the US for a > while, the US IRS will attempt to get his assets all over the > world forever? I find this hard to believe. >
Fascinating. Take it to taxpunks. -- http://www.apache-ssl.org/ben.html http://www.thebunker.net/ "There is no limit to what a man can do or how far he can go if he doesn't mind who gets the credit." - Robert Woodruff