Re: [Liveaboard] http://news.yahoo.com/s/nm/20080929/tv_nm/us_americatown why would you give up US citizenship?
N.Y. RUSSELL Office Coffee Service "Java Powered Service" -----Original Message----- From: Philip & Marilyn Sent: Wed, 01 October 2008 08:35:22 To: [email protected] Subject: Re: [Liveaboard] http://news.yahoo.com/s/nm/20080929/tv_nm/us_americatown All should be aware that Congress passed, as an amendment to another Bill, signed into law that says if an American Citizen gives up his/er citizenship and becomes a citizen of another country they will forfeit 20% of their cash and investments. Sort of a grand departure tax. Not well known, I only found it by luck. Sorry - can't provide the link. ALSO Social Security requires that you notify them if you change your residency to one outside the country. Not to hard to jump from that to cutting off your check if you do. Make plans accordingly. Philip At 01:11 AM 10/1/2008, you wrote: http://news.yahoo.com/s/nm/20080929/tv_nm/us_americatown _______________________________________________ "Be the change you want to see" Philip & Marilyn Lange AE4OV & KD4JRC, ORYOKI Witness 35 Catamaran
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