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-   -   Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen (http://www.insidehoops.com/forum/showthread.php?t=288716)

Hotlantadude81 01-26-2013 04:46 AM

Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
http://www.inquisitr.com/495585/tina...swiss-citizen/

You know things are bad when US citizens no longer want to admit that they were born in the US.

DCL 01-26-2013 07:05 AM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
some rich people do that for tax reasons, like that facebook billionaire guy.

US taxes do suck a big d!ck though.

also, a swiss passport is as good as a US passport in terms of traveling. they don't really need visas for 1st world countries.

MMM 01-26-2013 08:07 AM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by DCL
some rich people do that for tax reasons, like that facebook billionaire guy.

US taxes do suck a big d!ck though.

also, a swiss passport is as good as a US passport in terms of traveling. they don't really need visas for 1st world countries.


Aren't most US taxes relatively low except for corporate taxes???

LJJ 01-26-2013 08:24 AM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by MMM
Aren't most US taxes relatively low except for corporate taxes???


Not for income earned outside of the US.

DCL 01-26-2013 09:00 AM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by LJJ
Not for income earned outside of the US.


not only that, but the IRS tax citizens for everything, from estate inheritance tax to transferring a company to your own mother. basically, if you pass things to your own family without even earning a real penny or selling, the US still hits you with bullsh!t taxes.

IcanzIIravor 01-26-2013 09:25 AM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
She has been living in Europe for a long time and Switzerland for almost 20 years. I'm not surprised she has done this.

Rasheed1 01-26-2013 09:26 AM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by DCL
not only that, but the IRS tax citizens for everything, from estate inheritance tax to transferring a company to your own mother. basically, if you pass things to your own family without even earning a real penny or selling, the US still hits you with bullsh!t taxes.



its something like a 4 or 5 million deductible right now. thats not bad for most people..

mostly its the greedy mofos who renounce citizenship due to taxes

DMV2 01-26-2013 09:32 AM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by IcanzIIravor
She has been living in Europe for a long time and Switzerland for almost 20 years. I'm not surprised she has done this.

Pretty much this.

I didn't see any political or economical motives in this at all.

The Macho Man 01-26-2013 12:41 PM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by DCL
not only that, but the IRS tax citizens for everything, from estate inheritance tax to transferring a company to your own mother. basically, if you pass things to your own family without even earning a real penny or selling, the US still hits you with bullsh!t taxes.


I got no inheritance when my dad died, it all went to paying estate taxes.

D-Rose 01-26-2013 12:41 PM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
I'm wondering for the average person...would doing this make it harder for you to visit the United States again?

I'd consider it for like an Aussie citizenship one day.

Balla_Status 01-26-2013 12:43 PM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by Rasheed1
its something like a 4 or 5 million deductible right now. thats not bad for most people..

mostly its the greedy mofos who renounce citizenship due to taxes


More like the american government is greedy.

Just2McFly 01-26-2013 12:47 PM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by IcanzIIravor
She has been living in Europe for a long time and Switzerland for almost 20 years. I'm not surprised she has done this.

Exactly.

This only shocks the" I know the US is the greatest country on earth, even though I have never been anywhere else" crowd.

She likes over there and wants to stay. No biggie.

El Kabong 01-26-2013 12:49 PM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Haven't heard her name in years, I used to have the major hots for her back when I was a younger lad.

Mr. I'm So Rad 01-26-2013 12:49 PM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by The Macho Man
I got no inheritance when my dad died, it all went to paying estate taxes.


Wow, I guess this means my dad won't get any money when I die.

DCL 01-26-2013 12:49 PM

Re: Tina Turner Renouncing U.S. Citizenship, Will Become Swiss Citizen
 
Quote:

Originally Posted by The Macho Man
I got no inheritance when my dad died, it all went to paying estate taxes.



sucks man. that's f--king bullshit. passing sh!t to one's offsprings should not be treated like some corporate "business transaction" but that's how the IRS operates.


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