Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DFW

(56,896 posts)
24. First, the candidate has to acknowlegde we exist at all
Sun Jan 17, 2016, 05:28 AM
Jan 2016

I have heard no such noises from any of them.

I hate the paperwork, but pay others to do it. Curiously, the Germans allow me to deduct those costs, The Americans do not. I am in the worst case scenario on health care. Since my employer and payout is in Texas, I enjoy zero health insurance from the Germans despite my max tax bracket. I checked out a quote from the "private" insurers here, and they said €2500 a month. That's $33,000 a year!! So I stick with my American Blue Cross and hope they are willing to reimburse my medical expenses abroad (the answer is usually no). Germany's health care is fine, but I have to pay for everything out of pocket. My wife is German, but took early retirement at age 60, so I pay €400 a month for her health insurance until she hits 65, when German Medicare kicks in. I make a gross of way more than $40,000, but still have a family and a house to maintain, and the cost of living in Germany is expensive. House transaction taxes run about 6% total, cars are full boat at 19%. If I were to start draining my savings and cash in my IRA (tax paid in the USA, but the Germans want the other half if I cash it in). I could supplement the 9% left over for a few years, but then be penniless at age 69. Either the Germans stop acting like "Enteignung" is still standard policy, or the USA adopts residence-based taxation, or I'll have to move, which would break my wife's heart. My bet is that options 1 or 3 are far more likely to happen before we join the rest of the world. Luckily, Holland is only 120 km from here, and Switzerland less than an hour by air.

Most people haven't the slightest idea why we live where we do, or what it is that brought us where we are. And if they can't be bothered to ask, then to them we are just privileged whining rich people because we live someplace they have only read about, and think we are all on extended luxury vacations. Republicans don't have a monopoly on ignorance.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Rich Americans living abroad have to pay taxes? Shocked, shocked I say! leveymg Oct 2015 #1
Right, but if a German citizen goes to the US and starts a business there Recursion Oct 2015 #2
Actually that's not even what he's talking about davidpdx Oct 2015 #4
Done, thanks Recursion Oct 2015 #5
S-Corps baffle foreign authorties DFW Oct 2015 #13
One has to wonder why they pick on little people and let corporations Baobab Mar 2016 #37
Actually it's the first $100,000 davidpdx Oct 2015 #3
But isn't the purpose to keep people like Romney from hiding money overseas? Live and Learn Oct 2015 #6
Yes, but the problem is not everyone is hiding money overseas davidpdx Oct 2015 #8
No, not living abroad, at least currently. Live and Learn Oct 2015 #10
Democrats Abroad is working with Carolyn Maloney davidpdx Oct 2015 #11
Thanks, I'll look it up. We all need to push fo it if the legislation is good. nt Live and Learn Oct 2015 #12
Thanks JustAnotherGen Jan 2016 #26
Right. It has everything to do with American imperialism and 'exceptionalism'. Bernardo de La Paz Oct 2015 #7
Are the laws in the UK the same? davidpdx Oct 2015 #9
I have to go with the complicated reporting forms DFW Oct 2015 #14
You said it Art_from_Ark Oct 2015 #15
Totally agree with your comments. BlueMTexpat Jan 2016 #29
Hi, davidpdx! BlueMTexpat Jan 2016 #28
I misspoke about the FBAR. BlueMTexpat Jan 2016 #31
That's good that you were able to correct it davidpdx Jan 2016 #33
Boris Johnson renounces US citizenship Bad Dog Dec 2015 #16
Sounds a bit like a pride issue in that he has to prove himself loyal to Britian davidpdx Dec 2015 #17
Pride? Bad Dog Dec 2015 #18
Could be davidpdx Dec 2015 #19
This is one of the main reasons I have not declared a preference in the primaries DFW Jan 2016 #20
I can see your point davidpdx Jan 2016 #21
I think they all will address student loan debt. DFW Jan 2016 #22
I think Sanders would listen if the right stats were put in front of him davidpdx Jan 2016 #23
First, the candidate has to acknowlegde we exist at all DFW Jan 2016 #24
Now that I have my doctorate I'm sure I'll eventually have a higher salary davidpdx Jan 2016 #25
There you go DFW Jan 2016 #27
Be very welcome in Switzerland! BlueMTexpat Jan 2016 #32
I could make the move. My wife cannot. DFW Jan 2016 #34
Hopefully, you won't ever have to move. BlueMTexpat Jan 2016 #35
I have an office in Geneva, so I rarely need to go there myself DFW Jan 2016 #36
thats around the cheapest a PPO costs in NYC Baobab Mar 2016 #39
they may not be able to change things like that because of the position we take on this. Baobab Mar 2016 #38
Not sure whether you have seen this ... BlueMTexpat Jan 2016 #30
Latest Discussions»Region Forums»Americans Abroad»The Law That Makes U.S. E...»Reply #24