ccunning@lemmy.world to No Stupid Questions@lemmy.world · 1 个月前How can a US citizen invest outside the reach of the federal government?message-squaremessage-square40fedilinkarrow-up179
arrow-up179message-squareHow can a US citizen invest outside the reach of the federal government?ccunning@lemmy.world to No Stupid Questions@lemmy.world · 1 个月前message-square40fedilink
minus-squareVaryk@sh.itjust.workslinkfedilinkarrow-up4·1 个月前then all you have to do is file the FBAR and pay your taxes every year and you can invest anywhere you want, however much you want.
minus-squareccunning@lemmy.worldOPlinkfedilinkarrow-up1·1 个月前How so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts? Not following your train of thought
minus-squaregibmiser@lemmy.worldlinkfedilinkarrow-up7·1 个月前I assume you are afraid of a political act causing this and not because of a debt or criminal act? I don’t think the other poster gets that
minus-squareVaryk@sh.itjust.workslinkfedilinkarrow-up3·edit-21 个月前Yes, reporting foreign income and paying taxes is exactly what keeps the US from seizing and freezing accounts. you said you don’t want to avoid paying taxes. If you report your accounts and investment income and pay taxes, then you’re in no danger of the US government seizing or freezing your accounts.
minus-squareccunning@lemmy.worldOPlinkfedilinkarrow-up2·1 个月前I don’t know if you’ve been following the news but I’d say that’s wishful thinking at this point.
minus-squareVaryk@sh.itjust.workslinkfedilinkarrow-up3·1 个月前i have. you want to be part of the US tax system while being “out of reach of the federal government”, two aims you should understand are incompatible.
then all you have to do is file the FBAR and pay your taxes every year and you can invest anywhere you want, however much you want.
How so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts?
Not following your train of thought
I assume you are afraid of a political act causing this and not because of a debt or criminal act? I don’t think the other poster gets that
⭐️
Yes, reporting foreign income and paying taxes is exactly what keeps the US from seizing and freezing accounts.
you said you don’t want to avoid paying taxes.
If you report your accounts and investment income and pay taxes, then you’re in no danger of the US government seizing or freezing your accounts.
I don’t know if you’ve been following the news but I’d say that’s wishful thinking at this point.
i have.
you want to be part of the US tax system while being “out of reach of the federal government”, two aims you should understand are incompatible.