Should I move my money to an off shore account before Obama starts his socialist reforms?

Question

Should I move my money to an off shore account before Obama starts his socialist reforms?

Answer 1

Yes, and move yourself offshore, too.  The exit tax went into effect in July.  42% of worldwide assets, including 401k's, IRA's and other retirement accounts, everything.  It applies to any US citizen or person who has resided in the US for any 8 of the past 15 years who moves out of the US.  Also, US citizens & residents are subject to US income taxes on worldwide income for 10 years after renouncing citizenship or residency.  Anyone who immigrates to the US or works here for any length of time is a fool!

Answer 2

YOUR LUCKY YOU HAVE MONEY AFTER 8 YEARS OF BUSH & CHENEY! I AM A REPUBLICAN.

Answer 3

I am not sure about your view of Obama as a socialist, particularly because I have no experience with his possible socialist tendencies. However, I would imagine it would be sorta difficult for *anyone* to legislate a forced redistribution of wealth.

Also, be careful about how you move money (from a legal standpoint), or you may have an encounter from the IRS or CBP.

Answer 4

what r u talking about?