According to CNBC, 35% of Americans want out:
A recent online poll of more than 2,000 adults by TransferWise, a peer-to-peer money transfer service based in the United Kingdom, revealed that 35 percent of American-born residents and emigrants would consider leaving the United States to live in another country.
This percentage greatly increases for those age 18 to 34. More than half of millennials, a whopping 55 percent, said that they would consider leaving the U.S. for foreign shores. Among them, 43 percent of men and 38 percent of women noted that a higher salary would be a factor in their relocation decision.
Silly millenials. You don’t need a higher salary when you will qualify for the Foreign Earned Income exclusion.
If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is adjusted annually for inflation ($92,900 for 2011, $95,100 for 2012, $97,600 for 2013, $99,200 for 2014 and $100,800 for 2015). In addition, you can exclude or deduct certain foreign housing amounts.
You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.
That’s right, the first $100,800 you make overseas is not subject to U.S. income tax.
Yet most Americans are far too brainwashed to fully appreciate the advantages to expatriation:
Despite the increasing number of departures in recent years, there are still many reasons for Americans to remain. In fact, 59 percent of citizens cited “it is home” as a major factor for staying in the United States.
For 58 percent, romantic and family ties were cited important reasons for anchoring in the U.S., while 22 percent cited democratic society and only 2 percent said low taxes.
59% of those people are idiots. Home is wherever you are.
58% are also idiots. Romantic ties? In a country where the divorce rate is over 50%? Are you kidding me? And family ties are overrated.
The 22% who cited democratic society are clearly too stupid to be allowed to vote. One political party rammed through tax increases, mandated that you be forced to buy health insurance, and made sure that the costs of that health insurance would bankrupt you.
And low taxes? What are those people smoking? The average American has over 50% of his ‘income’ stolen by all levels of government.
It’s past time to get out. The Supreme Court rulings last week should be all the evidence that you need.