DAILY BYTE: "If you owe... more than $52,000 in overdue taxes, you may not be able to get a new passport... or it might... be revoked... a client returning to the U.S. [may find out] at the border that their passport is canceled... Meanwhile, your family is [stuck] overseas'..."
THE DAILY SPAM REPORTING FROM JUST OFFSHORE:
The Catholic Church recently canceled limbo - to the relief of millions who had been stuck there, trembling in existential anguish for over 1,000 years - but citizenship limbo has not been canceled for 400,000 U.S. taxpayers who risk being stuck in Never Never Land outside of the U.S. - not a citizen of any other nation, yet unable to return home to America.
This grim situation reminds your editor of the 1960s song, Charlie On The MTA in which heroic commuter, Charlie gets stuck riding the Boston subway system... and may still be down there today.
This taxing development is not without its possibilities, however. One might rent a sailboat, sail beyond the 20-mile international limit, stop paying the IRS and spend the rest of one’s days cruising the world, pleasantly broke and tax free, stopping at various ports to do odd jobs.
A citizen of everywhere and nowhere all at once - a simplified variation on the “Perpetual Traveler” theory espoused by W. G Hill in his “PT” book series which included the now infamous Banking In Silence.
As Hill explained, a PT is a "Prior Taxpayer” and “Permanent Tourist” who is just “Passing Through.”
You reside in nation A but you don't earn money there or pay taxes there.
You earn your money in nation B but you don't reside there or own property there. You own property in nation C, but you don't reside there or earn money there.
You tricky devil, you! You keep rotating through all three jurisdictions, following the sun and warm weather, staying just long enough in each jurisdiction not to trigger residency taxpaying requirements, and effectively paying no taxes anywhere.
When Jimi Hendrix said "aw, there ain't no life nowhere" in the background to the track Third Stone From The Sun, could this be what he had in mind?
Could be a sweet existence. No life nowhere. As a taxpayer, that is. Maybe somebody around here has a boat for sale?
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