US expat tax law proves unfair intrusion

[riverbendviewgal]

By harming expatriates' ability to establish small businesses or to put down roots in a foreign nation, FATCA harms both individual Americans and the larger interests of the US. In fact, FATCA is likely to cost the US more than it will ever gain, in both implementation costs and the permanent loss of the good will and assistance of the US expatriate community.

Citizenship-based taxation is an unjust and counterproductive policy. One merely has to ask what the US government's reaction would be if the UK or China demanded such unlimited access to US banking institutions in order to try to tax their citizens living in the US to understand just how obnoxious this policy is. Expatriates should only be liable for any income they have generated in the US, rather than income or assets in their current nation of residence.
In part, US anger at perceived British tax abuses sparked the Revolutionary War. It is ironic that similar anger at the unjust nature of FATCA is driving expatriate Americans away from the US

.http://www.globaltimes.cn/content/890215.shtml

also read this from Democratics Abroad . It is about those Americans Abroad who do vote.
https://www.democratsabroad.org/sites/default/files/2014%20FATCA%20Research%20%20Stories%20of%20FATCA%20-%20Affecting%20Everyday%20Americans%20Every%20Day.pdf

[WhiteTara]

1. Don't worry. The country is blood red

and it will feed you.

[riverbendviewgal]

3. I am not an American citizen

YOU don't have to feed me.... I am a middle class retiree. No money from the USA, no investments and now no more snowbirding in the USA.... Going to snow bird in other countries.

Your response is so funny.

[cbayer]

2. I am a US citizen living most of the year in Mexico and italy.

I am establishing residency in both countries. I am fully retired and do not plan to work, but may buy property at some point so I can stop paying rent.

Is there some relatively simple source you could suggest that would give me the information I may need on what my obligations and/or restrictions might be?

[riverbendviewgal]

4. Go to several sources

democrats abroad.

https://www.democratsabroad.org/

also to find out what is happening to those Americans who choose to fully live outside of the USA.
see
http://isaacbrocksociety.ca/
Read the Democrat abroad link I put in the op...

Check if Italy and Mexico are taking on US citizens in their banks. Many countries are not allowing US citizens to open bank accounts any more. The Democrat Abroad link will explain.

[cbayer]

5. Thank you so much. I will definitely read those links.