date:20020709


On Monday, July 8, 2002, at 08:39  PM, Tim May wrote:
 No, I was arguing that while the future may be multi-worlded, 
 everything we know about science (evidence, archaeology, 
 measurements, ...) points to a _single_ past.



Sorry about this misdirection to the CP list. It was meant to go to 
another list.


--Tim May

SponsorClick Special Offer: Summer 2002

2002-07-09 Thread SponsorClick News

Title: SponsorClick Offer - July 2002






		
			
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Re: Which universe are we in?

2002-07-09 Thread Eric Cordian


Time postulates:

 No, I was arguing that while the future may be multi-worlded, everything 
 we know about science (evidence, archaeology, measurements, ...) points 
 to a _single_ past.

The laws of physics, including the laws of quantum mechanics, are
symmetric with respect to the arrow of time, with occasional and rare
exceptions that are only apparent at high magnification.

if quantum mechanical ambiguity exists about the future, then it also
exists about the past.

 For example, a single past world line for me, for you, for Hal, for 
 Chaucer, for Einstein.

 Now we may not know what this world line is very accurately, but as we 
 look at more closely, e.g., by examining the photographs someone may 
 have taken, or their diaries, or whatever, the more we home in on what 
 that world line was. We never look closely and see two or three or N 
 different histories, we just see a higher fidelity view of what we must 
 assume is the One True Past.

As you measure the past by examining the record of it, you of course
collapse wavefunctions, and produce eigenstates of what you are measuring.  
It is not necessary to assume the One True Past existed prior to those
measurments being made, simply because no measurements contradict.

 I don't doubt that Hal gets the sense that many potential Hals could 
 have resulted in the current Hal...an interesting notion. But everything 
 does in fact point to a One True Past which various measurements get 
 closer and closer to, and which no measurements contradict.

This, of course, is the hidden variable theory, in which we have a One
True Past, (and One True Future) as well, which evolves deterministically,
based in part on degrees of freedom which are by definition unobservable
by any experiment.

If this is true, we have no free will, and Stephen Wolfram's suspicion
that the universe contains only pseudorandomness produced by complex
deterministic mechanisms at a small scale holds true.

Still, Nature abhors overcomplexification, and plain old quantum mechanics
works just fine for predicting the results of experiments.

 This is what I meant by convergence. Homing in, getting closer, 
 sharpening the image, filling in the details.

 As for tacitly assuming some kind of communication between observers, 
 I am _explicitly_ saying that observers get together and compare 
 notes...and they find no contradictions, if they are honest observers.

Nowhere does this imply that what was observed always existed in its
observed state prior to the measurement being made.

-- 
Eric Michael Cordian 0+
O:.T:.O:. Mathematical Munitions Division
Do What Thou Wilt Shall Be The Whole Of The Law

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2002-07-09 Thread abrown






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[no subject]

2002-07-09 Thread stockselector

Title: Untitled Document





   
 
  The 
 Capital Gainer Stock Report
  Imagis Technologies 
Announces US $1.75 million Private Placement
  
  
   
 
  

  
   

  Special Situation and ALERT: IMAGIS 
TECHNOLOGIES INC.,  
OTCBB:IGSTF,  
TSX:NAB,   
Germany: IGY

  
   
 
  
 
   
Company 
  Information
IMAGIS 
  TECHNOLOGIES INC. 
Imagis Technologies 
  is a leading developer of biometric systems using advanced facial 
  and image recognition technology. This includes biometric security 
  solutions and facial identification solutions for such industry 
  sectors as law enforcement, airports, customs  immigration, 
  driver's licenses  passports, and other government and corporate 
  initiatives. Imagis also offers a Software Development Kit (SDK) 
  to third-party integrators and other software providers who want 
  to develop their own biometric solutions based on Imagis' technology.

   
Due 
  to Imagis Technologies Inc., (OTCBB:IGSTF) recent news 
  today, (See below) The company 
  has been identified as aMUST BUY candidate for investors 
  with small and micro cap portfolios.
  

The market for biometrics 
  and biometric systems is growing rapidly. In the weeks leading up 
  to the September 11 terrorist attacks, several research groups released 
  reports touting the potential of the market. Analysts from Frost 
   Sullivan identified the non-fingerprint biometrics market 
  growing from US$66 million in 2000 to US$900 million in 2005. While 
  the International Biometric Group (IBG) projected the market for 
  all biometric technologies would exceed US$1.9 billion by 2005, 
  up from just US$250 million in 1999.
The Company, who's Chairman 
  is Oliver Buck Revell, the former Associate Deputy Director 
  of the FBI, has over one hundred installations of its software in 
  the United States, the United Kingdom, Canada, and Mexico, including 
  Britain's National Crime Squad (NCS), more than 50 RCMP detachments 
  and police departments across Canada, over 40 police departments 
  across the US, and Toronto's International Airport.
  
Imagis' face recognition 
  software and law enforcement software has been endorsed by leading 
  security agencies and police organizations around the world as an 
  effective measure in identifying criminals, reducing fraud, assisting 
  investigations, and preventing terrorism.
Here are just a few 
  highlights from the past quarter of Imagis Technologies Inc.:

  Expanded to over 50 
installations of CABS throughout Canadian Police and RCMP detachments.
  Signed license agreement 
with Zixsys Inc., a subsidiary of SANYO Semiconductor, to produce 
and market a multi-layered biometric access control unit.
  Deployed facial recognition 
and law enforcement software in the Sheriffs department of Harris 
County, TX (third largest in the US).
  Added four highly 
experienced individuals to its management team.




   

  
 
   
STOCK INFORMATION
  

 
   
 
  
 
  SYMBOL:
  OTCBB :IGSTF

 
  I/O SHARES :
  18,820,703

 
  PUBLIC FLOAT:
  10,000,000

  

  

  



The 
  Bill I sign today  requires every foreign visitor desiring entrance 
  into the United States to carry a travel document containing biometric 
  identification  that would be fingerprints or facial recognition 
   that will enable us to use technology to better deny fraudulent 
  entry into America. 
  
 President 
  George W.

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2002-07-09 Thread °í°É¸ðµ¨







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Re: to outlaw general purpose computers

2002-07-09 Thread Sunder


The decompression function could be integrated into the videocard
relieving that CPU burden.   Playback is not problematic.

In fact, I recall seeing MPEG decoder cards back in the early days
of DVD ROM's.

Regardless of this ungreatful Choatism whereby we get off the topic of
just how useless or useful old computers are, while we can certainly use
the old fuckers, the question of upgrading has always been: Does it do
what you want?  If the answer is no, then you upgrade.

Sure, you can revive old hardware with Linux, but you'll find it runs KDE
3.0 or GNOME slower than windows 95 did on the same hardware.  So unless
you're willing to also go to older software (or at least less demanding
software) you've still got a useless machine.

OTOH, if it does work well enough, and you don't care for swapping memos
in Micro$loth Word V283.23 with cow-orkers or don't care about watching
the latest 3d movie on XVD disks, then by all means, if you don't mind the
huge power consumption, use that old iron.

Personally, I do have 8 and 9 year old hardware and find it glacially
slow.  While surfing the web with an old Sun Voyager running a whopping
40MHz SPARC V7 is a bit slow, it's fast enough to get the morning news and
weather report as I drink my coffee.  Sure, that old IBM Thinkpad 365x
with a flying fast Pentium 100 (no that's not P3 or P4, or even P2, plain
ol'e Pentium 1) and 48mb of ram running windblows 95 sucks for most
things, it makes a fine MP3 player for my living room, once nice speakers
are attached, and so on and so forth.

As for the Lisa, I haven't powered up that beastie in years.  But, yes, I
could run LisaWrite and print just fine on dot matrix paper off the lovely
ImageWriter II printer.  Uh huh... I'm sure that such a printout would
make a fine resume.  Care to wager on whether such a printed resume would
even render an interview?

No boys and girls, it's the boiling the frog scenario.  If you try to boil
a live frog in an pot at high heat, the frog will jump out.  If you cover
the pot, well the pot will boil over.  So instead, you don't turn the heat
on high.  Rather you keep the heat low, very low, and as the temperature
rises notch by notch, the frog doesn't notice.  By the time the water is
hot, the frog is already dead.  

Guess who the frog is?


Same here.  Example:

Want to view DVD's, you gotta buy a DVD player or DVDROM for your PC.  
But wait, now you can't watch DVD's you've legally purchased in England
because by contract all DVD players are region specific!  Worse yet, if
you happen to have an old TV that doesn't support RCA in and your DVD
player doesn't have a COAX connection... you can't connect your DVD player
through your VCR, because, guess what, DVD players are bound by contract
to scramble their output with Macrovision and your VCR of course honors
this, so you can't watch DVD's you've purchased in the USA if you have an
old TV!

Never mind that pirates don't even need DeCSS to clone DVD's.  Never mind
that there are plenty of MacroVision remover boxes out there sold as
picture enhancers.  Never mind that none of these things prevent pirates
from copying DVD's.  Never mind that there are illegal region free DVD
players out there without Macrovision protection, etc...  No, the whole
point is a legal one brought to you by our friends at the DMCA.  Where a
movie isn't a movie, but a video device... right...  So long to your
Fair Use right to make a backup copy.  Tough titties if your 3 year old
thought the DVD would be cleaner if washed with sand paper.  You're out
the $30 you've paid for The Matrix III - Trinity Does Dallas

So extrapolate, and you'll know what to expect when Palladium and it's ilk
show up.  

Want to watch the next version of what will be DVD? You get a big brother
inside chip.  So it goes.  Want to run Micro$haft Orifice 3003 1/2?  
Gotta have the TCPMA chip in your Pee Cee.. wait, scratch that, you won't
have admin rights on that PC, so it's really our PC.  And that copy you
bought, nope, not yours either, you were only sold a license to use it.  
Part of that license says they can install whatever they want on
your^H^H^H^H^H our PC?  Including back doors?  Including spyware?  
Including marketing gathering information?  Yup.  You grabs your ankles
and you spreads your cheeks.

Or, you just vote with your wallet.  Do you really need Orifice 3003 1/2?
Does your current Pee Cee work just fine?  Great, keep using it.  Need to
print a 3d resume in color on holographic paper?  Cough up $80 at Harbucks
and pay for a crappachino grande and 30 minutes of MicroSoft time and type
up your new resume.  

Or go the Linux, FreeBSD, OpenBSD, NetBSD route and raise that middle
finger up proudly.  Will you be able to do just as much?  Probably.  But,
oh wait, we forgot, Uncle Sam has padded his wallet from the likes of the
MPAA, RIAA and that new rule about how no Pee Cee without a big brother
chip inside cannot be sold...  Too bad, that.  I guess Jack Vallenti
wanted to

Re: Tax consequences of becoming a US citizen.


On Tue, Jul 09, at 11:52AM, An Metet wrote:
| What are the tax implications of a US resident green card holder, with substantial 
|assets both in his original nation and in the US, of becoming a US citizen?

Well, think positive because you're already screwed. If you have a
greencard, you're tax implications are the same (or have been for me
thus far) as a US citizen. if you have a green card, you can either give
it up (for the loss of legal tax juridsdiction of the IRS over you) or
get a US citizenship since you're already in their jurisdiction anyway.

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Re: Tax consequences of becoming a US citizen.


On Tuesday, July 9, 2002, at 01:19  PM, Gabriel Rocha wrote:

   On Tue, Jul 09, at 11:52AM, An Metet wrote:
 | What are the tax implications of a US resident green card holder, 
 with substantial assets both in his original nation and in the US, of 
 becoming a US citizen?

 Well, think positive because you're already screwed. If you have a
 greencard, you're tax implications are the same (or have been for me
 thus far) as a US citizen. if you have a green card, you can either give
 it up (for the loss of legal tax juridsdiction of the IRS over you)

Why do you think a person without a green card is exempt from IRS 
jurisdiction?

Unless one's stay is a short one (see below), income or other money 
earned while in the U.S. (and maybe earned outside the U.S. if the IRS 
can make a nexus case) is taxable. Illegal aliens are supposed to file 
tax returns...and they certainly don't have green cards!

Here's what Uncle Sam says:

You will be considered a U.S. resident for tax purposes if you meet the 
substantial presence test for the calendar year. To meet this test, you 
must be physically present in the United States on at least:

1.  31 days during the current year, and
2.  183 days during the 3-year period that includes the current year 
and the 2 years immediately before that, counting:
*   All the days you were present in the current year, and
*   1/3 of the days you were present in the first year before the 
current year, and
*   1/6 of the days you were present in the second year before the 
current year.

--end IRS quote--

There are some exemptions, for student visa persons and athletes 
competing in games, but basically the idea is that you owe tax on money 
earned in the U.S., regardless of citizenship, green card, or other 
status.

 or
 get a US citizenship since you're already in their jurisdiction anyway.


I think this is terrible advice. Becoming a U.S. citizen exposes a 
person to not only the _current year_ tax scheme but also the for ten 
years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who 
moves anywhere in the world must, technically, file U.S. tax returns for 
10 years after leaving. And pay various kinds of taxes, though the 
amount may be different from what he would have paid had he remained in 
the U.S.)

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.

A U.S. passport buys almost no protection. The U.S. will not defend its 
citizens, only its imperialist interests.



--Tim May
That government is best which governs not at all. --Henry David Thoreau

Re: Tax consequences of becoming a US citizen.

2002-07-09 Thread Duncan Frissell


On Tue, 9 Jul 2002, Tim May wrote:

 Why do you think a person without a green card is exempt from IRS
 jurisdiction?

I assumed that he meant a US non-resident.  Obvi



 Unless one's stay is a short one (see below), income or other money
 earned while in the U.S. (and maybe earned outside the U.S. if the IRS
 can make a nexus case) is taxable. Illegal aliens are supposed to file
 tax returns...and they certainly don't have green cards!

 Here's what Uncle Sam says:

 You will be considered a U.S. resident for tax purposes if you meet the
 substantial presence test for the calendar year. To meet this test, you
 must be physically present in the United States on at least:

 1.31 days during the current year, and
 2.183 days during the 3-year period that includes the current year
 and the 2 years immediately before that, counting:
 * All the days you were present in the current year, and
 * 1/3 of the days you were present in the first year before the
 current year, and
 * 1/6 of the days you were present in the second year before the
 current year.

 --end IRS quote--

 There are some exemptions, for student visa persons and athletes
 competing in games, but basically the idea is that you owe tax on money
 earned in the U.S., regardless of citizenship, green card, or other
 status.

  or
  get a US citizenship since you're already in their jurisdiction anyway.
 

 I think this is terrible advice. Becoming a U.S. citizen exposes a
 person to not only the _current year_ tax scheme but also the for ten
 years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who
 moves anywhere in the world must, technically, file U.S. tax returns for
 10 years after leaving. And pay various kinds of taxes, though the
 amount may be different from what he would have paid had he remained in
 the U.S.)

 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.

 A U.S. passport buys almost no protection. The U.S. will not defend its
 citizens, only its imperialist interests.



 --Tim May
 That government is best which governs not at all. --Henry David Thoreau

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Slashdot | HavenCo Doing Well

2002-07-09 Thread Jim Choate


http://slashdot.org/articles/02/07/09/2235215.shtml?tid=153
-- 

 --


  When I die, I would like to be born again as me.

Hugh Hefner
 [EMAIL PROTECTED] www.ssz.com
 [EMAIL PROTECTED]  www.open-forge.org

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Re: Tax consequences of becoming a US citizen.


On Tue, Jul 09, at 02:02PM, Tim May wrote:
| Why do you think a person without a green card is exempt from IRS 
| jurisdiction?

I should have been clearer. I was speaking for his specific case, but as
it was pointed out, it applies to people who don't come here to work.

| Unless one's stay is a short one (see below), income or other money 
| earned while in the U.S. (and maybe earned outside the U.S. if the IRS 
| can make a nexus case) is taxable. Illegal aliens are supposed to file 
| tax returns...and they certainly don't have green cards!

Nor do they have Social Security numbers, or worker's rights, but that's
another issue.

| There are some exemptions, for student visa persons and athletes 
| competing in games, but basically the idea is that you owe tax on money 
| earned in the U.S., regardless of citizenship, green card, or other 
| status.

The US is one of the few countries that I know of (or about) that do not
allow people ona  student permit to work.

| I think this is terrible advice. Becoming a U.S. citizen exposes a 
| person to not only the _current year_ tax scheme but also the for ten 
| years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who 
| moves anywhere in the world must, technically, file U.S. tax returns for 
| 10 years after leaving. And pay various kinds of taxes, though the 
| amount may be different from what he would have paid had he remained in 
| the U.S.)

Well, going back to his specific case. His options are slim. He already
holds a green card, that makes him a US citizen as far as tax laws are
concerned. (note that you cannot legally keep a green card and not meet
the tax residency requirements)
 
| 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.

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. Even if you give up your green card, you are still subject to
them for awhile. (A friend in Switzerland had a great deal of fun after
giving up his green card and still being contacted by the IRS)

| A U.S. passport buys almost no protection. The U.S. will not defend its 
| citizens, only its imperialist interests.

More so now than ever, I do have a tendency to agree with you. But, as
someone whose passport is not the pretty blue book that yours is, I
disagree. Protection is a relative term, show up in Russia and you're
kinda screwed one way or another, but show up in Genneva, Switzerland
and get stopped by the police, (or any other first world country) and
start speaking something other than English (or the local language) and
you will have a hard time. Specially in Europe, they have massive
profiling of foreigners and even if US Citizens may get a hard time just
fr being American, by far and alot, that blue passport will most
certainly get you out of a jam or keep you from being thrust into it.
Like it or not, the US passport is well respected throughout the world
(respect also being very relative.) I have had a few occasions where I
would have been very screwed as a Brazillian, but got off well because
people thought I was American. It matters, even if the .gov won't come
to your rescue lance ablaze sitting on a white horse.

Re: CDR: Tax consequences of becoming a US citizen.

2002-07-09 Thread F. Marc de Piolenc


Basically, none. A US resident is taxed just like a citizen. In fact,
even if you are not a green card holder, but have a substantial
presence in the US, you are still taxed like a citizen.

Marc de Piolenc

An Metet wrote:
 
 What are the tax implications of a US resident green card holder, with substantial 
assets both in his original nation and in the US, of becoming a US citizen?

-- 
Remember September 11, 2001 but don't forget July 4, 1776

They that can give up essential liberty to obtain a little temporary
safety deserve neither liberty nor safety. - Benjamin Franklin

Re: Tax consequences of becoming a US citizen.


On Tuesday, July 9, 2002, at 03:40  PM, Gabriel Rocha wrote:
 The US is one of the few countries that I know of (or about) that do not
 allow people ona  student permit to work.

Mexico does not allow _any_ noncitizen to work!

Except for folks of either a) substantial resources, b) connected with a 
U.S. employer. But try visiting a Mexican city and applying for a job at 
a restaurant, bookstore, whatever. This was a plot element in The 
Treasure of the Sierra Madre, more than 50 years ago, and it remains 
true today. It is also difficult for non-citizens to work in many 
European nations.

It's always hilarious for me to watch Mexicans screaming Dat be 
racist!  (whoops, wrong language, but same idea) about how the tens of 
millions of illegal Mexicans who were given permanent residency under 
Simpson-Mozzoli were not enough, that the _new_ flood of Mexicans and 
Salvadorans and Guatemalans and. should be given amnesty.

Meanwhile, like I said, see how long you live as an illegal alien in 
Mexico or Nicaragua, and see if they will issue a work permit.


The U.S. is fucked up, to be sure, but talking about other countries 
making it easier for foreigners to work is mostly nonsense.

--Tim May


--Tim May
The great object is that every man be armed and everyone who is able 
may have a gun. --Patrick Henry
The best we can hope for concerning the people at large is that they be 
properly armed. --Alexander Hamilton

Tax consequences of becoming a US citizen

2002-07-09 Thread Nomen Nescio


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.

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Re: Tax consequences of becoming a US citizen.

2002-07-09 Thread Greg Vassie


 years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who 
 moves anywhere in the world must, technically, file U.S. tax returns for 
 10 years after leaving. And pay various kinds of taxes, though the 
 amount may be different from what he would have paid had he remained in 
 the U.S.)

Where did you find the 10 year limit information?  AFAIK, US
expatriates are subject to US taxes on their worldwide income as long
as they remain US citizens, tax treaties and other exemptions
notwithstanding.

-- 
[EMAIL PROTECTED] // RSA Key: 0x1606F91D // DSS Key: 0x83BB5BE4

When liberty is taken away by force it can be restored by force. When
it is relinquished voluntarily by default it can never be recovered.
-- Dorothy Thompson

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Cellpadding

2002-07-09 Thread tlcollin


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Tax consequences of becoming a US citizen

2002-07-09 Thread Anonymous


On 9 Jul 2002 at 14:02, Tim May wrote:
 Unless one's stay is a short one (see below), income or other
 money earned while in the U.S. (and maybe earned outside the
 U.S. if the IRS can make a nexus case) is taxable.

The question really is:  Suppose one becomes a US citizen, and
then resides outside the US.  Then is money on earned on assets
outside the US taxable by US authorities.

If, on the other hand, after being a resident for a while, and
paying taxes on money earned while in the US, one leaves the US
and resides somewhere else, retaining some US assets, is the money
earned on non US assets taxable?  Is income of a non US resident,
on non US assets, earning non US income taxable?  Would it be
taxable if that person had been so careless as to become a US
citizen during his stay in the US?

 Becoming a U.S. citizen exposes a person to not only the
 _current year_ tax scheme but also the for ten years after you
 leave the U.S. tax scheme. (Yes, any U.S. citizen who moves
 anywhere in the world must, technically, file U.S. tax returns
 for 10 years after leaving. And pay various kinds of taxes,
 though the amount may be different from what he would have paid
 had he remained in the U.S.)

So do I get eligible for imperial taxes anywhere in the world
merely by staying in the US a while, having a green card and
paying US taxes, or do I only get eligible for imperial taxes
anywhere in the world by taking US citizenship?

Please try again

2002-07-09 Thread jinho5601


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Y2VyIHR5cGU9YmxvY2sgd2lkdGg9MT48L3RkPgo8L3RyPgo8L3RhYmxlPgo8IS0tzbeyv7W8
ur06veHK+C0tPgo8dGFibGUgd2lkdGg9NzUyIGJvcmRlcj0wIGNlbGxzcGFjaW5nPTAgY2Vs
bHBhZGRpbmc9MCBhbGlnbj1jZW50ZXI+Cjx0cj4KPHRkIHdpZHRoPTEgYmdjb2xvcj0wMDAw
MDA+PHNwYWNlciB0eXBlPWJsb2NrIHdpZHRoPTE+PC90ZD4KPHRkIHdpZHRoPTYwMCBiZ2Nv
bG9yPUZGRkZGRiB2YWxpZ249dG9wPgoJPHRhYmxlIHdpZHRoPTYwMCBib3JkZXI9MCBjZWxs
c3BhY2luZz0wIGNlbGxwYWRkaW5nPTA+Cgk8dHI+Cgk8dGQgd2lkdGg9NTg0IGhlaWdodD00
IGJnY29sb3I9NDNCRUY5PjxzcGFjZXIgdHlwZT1ibG9jayB3aWR0aD0xPjwvdGQ+Cgk8dGQg
d2lkdGg9MTYgaGVpZ2h0PTY4IGJnY29sb3I9QzZFNkY5IHJvd3NwYW49MiB2YWxpZ249dG9w

Re: Tax consequences of becoming a US citizen


On Wed, Jul 10, at 03:20AM, Nomen Nescio wrote:
| 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.

For a specific time period, this is absolutely true. Hard to believe,
sure, real anyway? Yes. But there is an income cap somewhere, it may
vary, but I suspect it to be like the $80k you get tax exempt.

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NEW! NEW! (NASDAQ:FAUX)-WATCH THIS STOCK TRADE

2002-07-09 Thread Investor Insights

Title: Investor Insights Report

Special Situation Report

Premier Concepts, Inc. (NASDAQ: FAUX)

Six Month Target Price: $3.52

52-Week Range
$0.45 - $1.70

Shares Outst. (fully diluted)
3.69 million

Approx. Float
2.70 million

Ratio Comparison

Valuation Ratios
FAUX
Industry
Sector
S & P 500

Price to Sales (TTM)
0.20
1.30
2.39
3.11

Price to Book (MRQ)
1.46
4.54
4.05
4.76

Price to Tangible Book (MRQ)
1.51
5.58
5.80
7.38

Reasons to OWN FAUX:

FAUX sells fashion and fine jewelry (14K GOLD, Sterling Silver and Costume) with synthetic stones for everyday and special events.

Fashion jewelry sells in both up and down economies.

FAUX was incorporated in 1988, and at that time operated almost 50 stores in various states throughout the U.S.

FAUX currently operates 28 stores nationwide with plans to open 4 to 5 new stores each year over the next 5 years.

FAUX stores are currently ALL cash flow positive on an annualized basis.

FAUX has generated more than $10,000,000 in revenues in the last 12 months.

FAUXs same store sales have increased 10.4% through the end of April, 2002.

FAUX has restructured and eliminated some higher-level positions and reduction in corporate overhead, saving FAUX over $500,000 Dollars annually.

About FAUX

FAUX, incorporated in 1988, specializes in the marketing and retailing of high-end reproduction jewelry (faux jewelry), 14-karat gold jewelry with cubic zirconia and other synthetic stones and sterling silver jewelry with semi-precious and synthetic stones. FAUXs national chain of 28 retail stores, which operate under the names Impostors, Elegant Pretenders, and Joli-Joli, sell jewelry that emulates classic fine jewelry, as well as pieces designed by famous jewelers. The product line also includes replicas of jewelry owned by celebrities. FAUX jewelry is created with layered gold, cubic zirconia and Austrian crystal to simulate the look of fine jewelry. FAUX also sells a collection of genuine sterling silver jewelry, featuring semi-precious and synthetic stones.

The Impostors, Elegant Pretenders and Joli-Joli stores are located in shopping malls and tourist locations. The stores are located in Southern California, Northern California, and in Arizona, Colorado, Florida, Louisiana, Maryland, Nevada, New Jersey, Pennsylvania and in the Washington, D.C. area.

FAUXs products are comprised of approximately 40% fine jewelry reproductions and emulations of merchandise inspired by classic designers, such as Cartier, Tiffany & Co. and Harry Winston. Approximately 40% of FAUX's pieces are solid 14-karat gold, featuring cubic zirconia and other synthetic stones, and the remaining 20% are sterling silver with semi-precious stones and cubic zirconia. The use of cubic zirconia and other laboratory grown stones offers a more affordable product by emulating the look and feel of expensive gemstone jewelry. Approximately 2,500 different jewelry items are offered, with none representing more than 10% of the total annual sales.

Valuation and Conclusion

Valuation
How many times do you sit in front of the television, and flip the channels and come across QVC or HSN? If you do, then chances are pretty good that someone is selling Costume Jewelry. Through good economies and bad, this market continues to thrive. It is estimated that this market is in excess of $10 Billion Dollars and growing. Plenty of room for small companies such as FAUX to grow.

FAUX once operated almost 50 stores, and underwent a major restructuring, and currently operates 28 stores that are now all cash flow positive. It is now FAUXs intention to open 4-5 new stores annually over the next 5 years. FAUX estimates that each store can generate $250,000-$350,000 annually, by doing simple math this equates to 15% annual sales growth. Over a 5 year period of time, sales would double to $20 Million Dollars without any increase in same store

Re: Tax consequences of becoming a US citizen.


On Tuesday, July 9, 2002, at 06:40  PM, Greg Vassie wrote:

 years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who
 moves anywhere in the world must, technically, file U.S. tax returns 
 for
 10 years after leaving. And pay various kinds of taxes, though the
 amount may be different from what he would have paid had he remained in
 the U.S.)

 Where did you find the 10 year limit information?  AFAIK, US
 expatriates are subject to US taxes on their worldwide income as long
 as they remain US citizens, tax treaties and other exemptions
 notwithstanding.

You are incorrect. Renouncing citizenship does not relieve most people 
who need relief from the burden.

http://www.hcfa.gov/medicare/mip/full-kk.htm

Health Insurance Portability Act of 1996

Google is your friend.

--Tim May
Ben Franklin warned us that those who would trade liberty for a little 
bit of temporary security deserve neither. This is the path we are now 
racing down, with American flags fluttering.-- Tim May, on events 
following 9/11/2001

cypherpunks@lne.com

2002-07-09 Thread anonimo arancio


On reflection, I did not make my situation clear.

I made a fair bit of money in my home country, despite a corrupt kleptocratic 
government that that does its best to prevent people from earning an honest living.  I 
came to the US, became a green card holder and made a fair bit more money, and now 
would like to return to my home, where the cost of living is way lower, the food is 
much better, the skies are bluer, the ocean is warmer, the girls are prettier, and 
there is now no way whatever to earn an honest living.  Fortunately I can afford to 
retire young.

I am considering becoming a US citizen immediately before I leave.  My concern is that 
if I become a US citizen, the IRS might want to tax me wherever I go.

Re: Tax consequences of becoming a US citizen.


On Tue, Jul 09, at 05:11PM, Tim May wrote:
| Mexico does not allow _any_ noncitizen to work!

Two point. I did not know that about Mexico (I did say it was made about
the countries I knew about.) Switzerland and Brasil both allow student
visa holders to work, albeit with restrictions. Likewise for other EU
nations.

| Except for folks of either a) substantial resources, b) connected with a 
| U.S. employer. But try visiting a Mexican city and applying for a job at 
| a restaurant, bookstore, whatever. This was a plot element in The 
| Treasure of the Sierra Madre, more than 50 years ago, and it remains 
| true today. It is also difficult for non-citizens to work in many 
| European nations.

I would imagine that people with or without a work permit would be able
to find work at some mexican restaurants. That is the case the world
over, I don't see why Mexico would be different here.

| Meanwhile, like I said, see how long you live as an illegal alien in 
| Mexico or Nicaragua, and see if they will issue a work permit.

I wholeheartedly agree with you, but then again, not too many countries
have an economy that has as large a population of illegal workers as
ours.
 
| The U.S. is fucked up, to be sure, but talking about other countries 
| making it easier for foreigners to work is mostly nonsense.

It may well be nonsense. But my opinions are expressed as based on my
personal experience in other countries and this one.

Re: Tax consequences of becoming a US citizen


On Tuesday, July 9, 2002, at 06:30  PM, Anonymous wrote:

 On 9 Jul 2002 at 14:02, Tim May wrote:
 Unless one's stay is a short one (see below), income or other
 money earned while in the U.S. (and maybe earned outside the
 U.S. if the IRS can make a nexus case) is taxable.

 The question really is:  Suppose one becomes a US citizen, and
 then resides outside the US.  Then is money on earned on assets
 outside the US taxable by US authorities.

Yes, but under expat tax rates. Cf. the IRS site, tax regs, etc. for 
details.

Something like the first $70K per year of income is not subject to taxes.

Companies routinely protect their overseas employees by tax-protecting 
their offshore earnings. (And the tax protection is protected, so the 
companies protect _that_, etc. Fortunately, simple formulas for infinite 
sequence limits are available.)

As this is not a tax forum, and I'm not going to do research for others, 
consult the Web. Google is your friend.


--Tim May
As my father told me long ago, the objective is not to convince someone
  with your arguments but to provide the arguments with which he later
  convinces himself. -- David Friedman

kuro5hin.org || You are being watched: A call for randomness

2002-07-09 Thread Jim Choate


http://www.Kuro5hin.org/story/2002/7/7/133419/5827
-- 

 --


  When I die, I would like to be born again as me.

Hugh Hefner
 [EMAIL PROTECTED] www.ssz.com
 [EMAIL PROTECTED]  www.open-forge.org

ISTE en ucuz reklam yontemi

2002-07-09 Thread cpunks


-- BU TUR SPAMLARDAN KURTULMAK ÝÇÝN http://antispam.kolayweb.com u ziyaret ediniz --
 
Artýk reklamlarýnýz için hiçbir masraf yapmayýn, reklamlarýnýzý kendiniz yapýn ve 
bedavaya getirin.
Böylece en etkili ve en verimli reklam da kesinlikle sizin reklamýnýz olsun!

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zaman þu avantajlarýnýz olacaktýr: 
* Hem çok geniþ bir kitleye (bütün dünyaya) ulaþacaksýnýz,
* Hem bunu çok kýsa bir sürede yapacaksýnýz,
* Hem bunu yaparken hiç para harcamayacaksýnýz,   
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5 milyon Türk Kullanýcýya reklam sadece  -- 150 $
400 milyon yabancý kullanýcýya reklam  sadece -- 300 $


Ýrtibat Ýçin 
--
Hasan Oztoprak

Web  : http://emailadvertisement.sitemynet.com
Mail : [EMAIL PROTECTED]
Gsm  : 0536 3453305 
ICQ  : 300375




-- BU TUR SPAMLARDAN KURTULMAK ÝÇÝN http://antispam.kolayweb.com u ziyaret ediniz --

Re: Tax consequences of becoming a US citizen


On Wed, Jul 10, at 03:30AM, Anonymous wrote:
| The question really is:  Suppose one becomes a US citizen, and
| then resides outside the US.  Then is money on earned on assets
| outside the US taxable by US authorities.

Yes it is. If you are a US citizen your income can be taxed anywhere in
the world. However, there is a trick here, there is a certain ammount (I
believe it to be around $80k) up to which you're exempt from taxation.

| If, on the other hand, after being a resident for a while, and
| paying taxes on money earned while in the US, one leaves the US
| and resides somewhere else, retaining some US assets, is the money
| earned on non US assets taxable?  Is income of a non US resident,
| on non US assets, earning non US income taxable?  Would it be
| taxable if that person had been so careless as to become a US
| citizen during his stay in the US?

As far as I know, all money made in the US (investments or otherwise)
are taxable as US income. Where the owner of the money resides is
irrelevant.

| So do I get eligible for imperial taxes anywhere in the world
| merely by staying in the US a while, having a green card and
| paying US taxes, or do I only get eligible for imperial taxes
| anywhere in the world by taking US citizenship?

This question has multiple parts. First off, you can't have a green card
and not be a US resident. The requirements for both go hand in hand, if
you stay out of the US long enough to not be taxed, you're also out of
the US long enough to lose your green card. Likewise, if you get US
citizenship, you're subject to being taxed anywhere in the world. (see
the paragraph above)

Re: DRM will not be legislated

2002-07-09 Thread Mike Rosing


On Mon, 8 Jul 2002 [EMAIL PROTECTED] wrote:

 Voluntary DRM can never stop piracy.  With voluntary DRM, people
 can break once on one machine, then run the latest Napster
 replacement on the every machine on the internet in non DRM mode,
 and copy that file that was ripped on one machine, to every
 machine.

Obviously.  But if the content is on a private net hooked into
private boxes, putting the data onto the public web becomes a touch
more difficult.

 Voluntary DRM is only useful to the content industry as a stepping
 stone to compulsory DRM

Only in some executive's wet dream.  And they've got enough problems
dealing with their accounting division right now :-)

 Voluntary DRM is only useful to the industry to reach the point
 where they can say Only copyright pirates, terrorists, drug
 trafficers, child pornographers, tax evaders, and money launderers
 need to run their machines in non DRM mode.

And if they can't deliver enough product to make DRM worth while, they
never get that far do they.  If the economics works, they don't need laws,
and if the economics don't work, they won't get laws. When the big boys
figure out how to deliver their stuff with better quality and more
coolness than P2P, they'll make plenty of money.

Shit, we might even convince them it's worth while running fiber to every
home on the planet.  If they don't, they're toast anyway.  Teenagers can
wait all day and night for a few songs, but the rest of us don't have time
to waste on it.  With enough bandwidth, DRM becomes irrelevant.  The
recorded past isn't where the cash is, the instantaneous *now* is where
the money gets collected.

Someday they'll figure it out, but I suspect it'll be a teenager that hits
'em over the head with the 2x4.

Patience, persistence, truth,
Dr. mike

Re: Which universe are we in?


On Monday, July 8, 2002, at 07:43  PM, Stephen Paul King wrote:

 Dear Tim,

 Are you tacitly assuming some kind of communication between 
 observers
 when you make the claim of a convergence? Adsent said communications,
 could we show that the convergence would still obtain? Have you ever 
 seen
 any discussion of the notion of cyclic or periodic gossiping in Comp 
 Sci?



No, I was arguing that while the future may be multi-worlded, everything 
we know about science (evidence, archaeology, measurements, ...) points 
to a _single_ past.

For example, a single past world line for me, for you, for Hal, for 
Chaucer, for Einstein.

Now we may not know what this world line is very accurately, but as we 
look at more closely, e.g., by examining the photographs someone may 
have taken, or their diaries, or whatever, the more we home in on what 
that world line was. We never look closely and see two or three or N 
different histories, we just see a higher fidelity view of what we must 
assume is the One True Past.

I don't doubt that Hal gets the sense that many potential Hals could 
have resulted in the current Hal...an interesting notion. But everything 
does in fact point to a One True Past which various measurements get 
closer and closer to, and which no measurements contradict.

This is what I meant by convergence. Homing in, getting closer, 
sharpening the image, filling in the details.

As for tacitly assuming some kind of communication between observers, 
I am _explicitly_ saying that observers get together and compare 
notes...and they find no contradictions, if they are honest observers.

Hal may have meant something different, perhaps.


--Tim May

--Tim May
(.sig for Everything list background)
Corralitos, CA. Born in 1951. Retired from Intel in 1986.
Current main interest: category and topos theory, math, quantum reality, 
cosmology.
Background: physics, Intel, crypto, Cypherpunks

Tax consequences of becoming a US citizen.

2002-07-09 Thread An Metet


What are the tax implications of a US resident green card holder, with substantial 
assets both in his original nation and in the US, of becoming a US citizen?

Re: Which universe are we in?


On Monday, July 8, 2002, at 08:39  PM, Tim May wrote:
 No, I was arguing that while the future may be multi-worlded, 
 everything we know about science (evidence, archaeology, 
 measurements, ...) points to a _single_ past.



Sorry about this misdirection to the CP list. It was meant to go to 
another list.


--Tim May

Re: CP meet at H2K2?

2002-07-09 Thread Greg Newby


I heard back from several people interested in this.
Someone on the ground in NYC please pick a time
 place (or we can meet at the conference site and
adjourn someplace suitable).

The full H2K2 schedule is available, http://h2k2.net

In addition to JYA and I, CP speaker presence will include
Peter Wayner and Declan.

 ** Someone else please pick a time and gathering
 ** location.

A good gathering location will be the info desk/vendor
area on the 2nd floor.  There will be some sort of
bulletin board, so a paper message mentioning the
CP Meet could go up there.

My suggestion would be Saturday night late, after
Robert Steele's presentation (starts 10:00 pm, will
probably go until midnight).  If that's too late
for CP kids, I'm not sure what to suggest since
sessions run 10a-12a daily.

See you then!

  -- Greg

On Tue, Jul 09, 2002 at 09:32:18AM -0500, netkita wrote:
 
 I would  be  interested  in  a  hookup on  Saturday  or  Friday night.I
 will  arrive  on  Wenseday  if  anyone  wants  to  get  together.
 
 - Original Message -
 From: Bill Stewart [EMAIL PROTECTED]
 To: Greg Newby [EMAIL PROTECTED]
 Cc: [EMAIL PROTECTED]; [EMAIL PROTECTED]
 Sent: Saturday, June 22, 2002 6:29 PM
 Subject: Re: CP meet at H2K2?
 
 
 
  Several people said yes...
  You're hereby designated as the
   Official San Francisco Bay Area Cpunks-Meeting-in-Exile :-)
 
  At 07:07 PM 06/20/2002 -0400, Greg Newby wrote:
  H2K2, 2600's conference, is at Hotel Penn in New York
  July 12-14.  http://www.h2k2.net
  
  CP contributors who are scheduled include
  John Young and yours truly.  Maybe others I
  didn't recognize or see yet.  I heard of a few other
  tentatives.
  
  The full conference schedule should be online within
  the next couple of days.  I'm thinking of a CP
  meet Saturday night July 12.  Anyone else gonna be there?
 -- Greg

Re: Which universe are we in?

2002-07-09 Thread Eric Cordian


Time postulates:

 No, I was arguing that while the future may be multi-worlded, everything 
 we know about science (evidence, archaeology, measurements, ...) points 
 to a _single_ past.

The laws of physics, including the laws of quantum mechanics, are
symmetric with respect to the arrow of time, with occasional and rare
exceptions that are only apparent at high magnification.

if quantum mechanical ambiguity exists about the future, then it also
exists about the past.

 For example, a single past world line for me, for you, for Hal, for 
 Chaucer, for Einstein.

 Now we may not know what this world line is very accurately, but as we 
 look at more closely, e.g., by examining the photographs someone may 
 have taken, or their diaries, or whatever, the more we home in on what 
 that world line was. We never look closely and see two or three or N 
 different histories, we just see a higher fidelity view of what we must 
 assume is the One True Past.

As you measure the past by examining the record of it, you of course
collapse wavefunctions, and produce eigenstates of what you are measuring.  
It is not necessary to assume the One True Past existed prior to those
measurments being made, simply because no measurements contradict.

 I don't doubt that Hal gets the sense that many potential Hals could 
 have resulted in the current Hal...an interesting notion. But everything 
 does in fact point to a One True Past which various measurements get 
 closer and closer to, and which no measurements contradict.

This, of course, is the hidden variable theory, in which we have a One
True Past, (and One True Future) as well, which evolves deterministically,
based in part on degrees of freedom which are by definition unobservable
by any experiment.

If this is true, we have no free will, and Stephen Wolfram's suspicion
that the universe contains only pseudorandomness produced by complex
deterministic mechanisms at a small scale holds true.

Still, Nature abhors overcomplexification, and plain old quantum mechanics
works just fine for predicting the results of experiments.

 This is what I meant by convergence. Homing in, getting closer, 
 sharpening the image, filling in the details.

 As for tacitly assuming some kind of communication between observers, 
 I am _explicitly_ saying that observers get together and compare 
 notes...and they find no contradictions, if they are honest observers.

Nowhere does this imply that what was observed always existed in its
observed state prior to the measurement being made.

-- 
Eric Michael Cordian 0+
O:.T:.O:. Mathematical Munitions Division
Do What Thou Wilt Shall Be The Whole Of The Law

Re: Tax consequences of becoming a US citizen.


On Tuesday, July 9, 2002, at 01:19  PM, Gabriel Rocha wrote:

   On Tue, Jul 09, at 11:52AM, An Metet wrote:
 | What are the tax implications of a US resident green card holder, 
 with substantial assets both in his original nation and in the US, of 
 becoming a US citizen?

 Well, think positive because you're already screwed. If you have a
 greencard, you're tax implications are the same (or have been for me
 thus far) as a US citizen. if you have a green card, you can either give
 it up (for the loss of legal tax juridsdiction of the IRS over you)

Why do you think a person without a green card is exempt from IRS 
jurisdiction?

Unless one's stay is a short one (see below), income or other money 
earned while in the U.S. (and maybe earned outside the U.S. if the IRS 
can make a nexus case) is taxable. Illegal aliens are supposed to file 
tax returns...and they certainly don't have green cards!

Here's what Uncle Sam says:

You will be considered a U.S. resident for tax purposes if you meet the 
substantial presence test for the calendar year. To meet this test, you 
must be physically present in the United States on at least:

1.  31 days during the current year, and
2.  183 days during the 3-year period that includes the current year 
and the 2 years immediately before that, counting:
*   All the days you were present in the current year, and
*   1/3 of the days you were present in the first year before the 
current year, and
*   1/6 of the days you were present in the second year before the 
current year.

--end IRS quote--

There are some exemptions, for student visa persons and athletes 
competing in games, but basically the idea is that you owe tax on money 
earned in the U.S., regardless of citizenship, green card, or other 
status.

 or
 get a US citizenship since you're already in their jurisdiction anyway.


I think this is terrible advice. Becoming a U.S. citizen exposes a 
person to not only the _current year_ tax scheme but also the for ten 
years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who 
moves anywhere in the world must, technically, file U.S. tax returns for 
10 years after leaving. And pay various kinds of taxes, though the 
amount may be different from what he would have paid had he remained in 
the U.S.)

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.

A U.S. passport buys almost no protection. The U.S. will not defend its 
citizens, only its imperialist interests.



--Tim May
That government is best which governs not at all. --Henry David Thoreau

Re: Tax consequences of becoming a US citizen.

2002-07-09 Thread Duncan Frissell


On Tue, 9 Jul 2002, Tim May wrote:

 Why do you think a person without a green card is exempt from IRS
 jurisdiction?

I assumed that he meant a US non-resident.  Obvi



 Unless one's stay is a short one (see below), income or other money
 earned while in the U.S. (and maybe earned outside the U.S. if the IRS
 can make a nexus case) is taxable. Illegal aliens are supposed to file
 tax returns...and they certainly don't have green cards!

 Here's what Uncle Sam says:

 You will be considered a U.S. resident for tax purposes if you meet the
 substantial presence test for the calendar year. To meet this test, you
 must be physically present in the United States on at least:

 1.31 days during the current year, and
 2.183 days during the 3-year period that includes the current year
 and the 2 years immediately before that, counting:
 * All the days you were present in the current year, and
 * 1/3 of the days you were present in the first year before the
 current year, and
 * 1/6 of the days you were present in the second year before the
 current year.

 --end IRS quote--

 There are some exemptions, for student visa persons and athletes
 competing in games, but basically the idea is that you owe tax on money
 earned in the U.S., regardless of citizenship, green card, or other
 status.

  or
  get a US citizenship since you're already in their jurisdiction anyway.
 

 I think this is terrible advice. Becoming a U.S. citizen exposes a
 person to not only the _current year_ tax scheme but also the for ten
 years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who
 moves anywhere in the world must, technically, file U.S. tax returns for
 10 years after leaving. And pay various kinds of taxes, though the
 amount may be different from what he would have paid had he remained in
 the U.S.)

 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.

 A U.S. passport buys almost no protection. The U.S. will not defend its
 citizens, only its imperialist interests.



 --Tim May
 That government is best which governs not at all. --Henry David Thoreau

Tax consequences of becoming a US citizen

2002-07-09 Thread Nomen Nescio


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.

Re: CDR: Tax consequences of becoming a US citizen.

2002-07-09 Thread F. Marc de Piolenc


Basically, none. A US resident is taxed just like a citizen. In fact,
even if you are not a green card holder, but have a substantial
presence in the US, you are still taxed like a citizen.

Marc de Piolenc

An Metet wrote:
 
 What are the tax implications of a US resident green card holder, with substantial 
assets both in his original nation and in the US, of becoming a US citizen?

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Re: Tax consequences of becoming a US citizen.

2002-07-09 Thread Greg Vassie


 years after you leave the U.S. tax scheme. (Yes, any U.S. citizen who 
 moves anywhere in the world must, technically, file U.S. tax returns for 
 10 years after leaving. And pay various kinds of taxes, though the 
 amount may be different from what he would have paid had he remained in 
 the U.S.)

Where did you find the 10 year limit information?  AFAIK, US
expatriates are subject to US taxes on their worldwide income as long
as they remain US citizens, tax treaties and other exemptions
notwithstanding.

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2002-07-09 Thread anonimo arancio


On reflection, I did not make my situation clear.

I made a fair bit of money in my home country, despite a corrupt kleptocratic 
government that that does its best to prevent people from earning an honest living.  I 
came to the US, became a green card holder and made a fair bit more money, and now 
would like to return to my home, where the cost of living is way lower, the food is 
much better, the skies are bluer, the ocean is warmer, the girls are prettier, and 
there is now no way whatever to earn an honest living.  Fortunately I can afford to 
retire young.

I am considering becoming a US citizen immediately before I leave.  My concern is that 
if I become a US citizen, the IRS might want to tax me wherever I go.

Re: Tax consequences of becoming a US citizen


On Tuesday, July 9, 2002, at 06:30  PM, Anonymous wrote:

 On 9 Jul 2002 at 14:02, Tim May wrote:
 Unless one's stay is a short one (see below), income or other
 money earned while in the U.S. (and maybe earned outside the
 U.S. if the IRS can make a nexus case) is taxable.

 The question really is:  Suppose one becomes a US citizen, and
 then resides outside the US.  Then is money on earned on assets
 outside the US taxable by US authorities.

Yes, but under expat tax rates. Cf. the IRS site, tax regs, etc. for 
details.

Something like the first $70K per year of income is not subject to taxes.

Companies routinely protect their overseas employees by tax-protecting 
their offshore earnings. (And the tax protection is protected, so the 
companies protect _that_, etc. Fortunately, simple formulas for infinite 
sequence limits are available.)

As this is not a tax forum, and I'm not going to do research for others, 
consult the Web. Google is your friend.


--Tim May
As my father told me long ago, the objective is not to convince someone
  with your arguments but to provide the arguments with which he later
  convinces himself. -- David Friedman

Re: Tax consequences of becoming a US citizen.