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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Elroy Jetson who wrote (22111)1/25/2005 1:28:59 PM
From: Jim McMannis  Read Replies (2) of 116555
 
Amy,Elroy,

RE:"Kenneth Dart, president of Dart containers Corp.;"

Bingo, this guy and his move to Belize was the poster child of the last law change. I recall it came under Clintons' Congress.

usvisanews.com

"A tax law was passed in 1996 that said anyone who gives up their citizenship and is worth $500,000 or more, must be doing it to dodge taxes. This law, granted by Congress, gave the INS the power to label someone as a "tax dodger" and banish them from the US. Also, the IRS became intollerable of people who banish their US citizenship and show no mercy to anyone who does it by taxing them on all earnings for 10 years after they give up citizenship."

I'm surprised you didn't know this.
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