John McAfee found dead in Spanish jail after court approves extradition to US

Post by tonfreed » Wed, Jun 23, 2021, 10:11 PM UTC

Trias11 wrote: post #493

carl_dr wrote: post #472

Earlier quoted context omitted.

The US and Eritrea. I knew this was a thing, but I had always assumed a US citizen living abroad only ended up paying tax to the IRS if the tax they paid to the foreign government was less than what they would have paid to the US, and only the difference is paid. But it seems that’s not the case, and you get an exemption for “only” the first $108,700 of your earnings. As with everything the IRS does, it seems complex…

Why person needs to go through the hassles and expenses to file tax return every year to the country where he/she doesn't not live in any longer? What kind of state sponsored racket is this?

Post by rcurry » Wed, Jun 23, 2021, 10:12 PM UTC

tclancy wrote: post #484

rcurry wrote: post #470

The sad thing is that our government seems to make a point of screwing with kooks. I don’t care if McAffee owed some taxes - leave the guy alone, he’s obviously unstable, has major problems with drug and alcohol addiction and all they can do is try to bring him even lower. Poor guy had major problems even before the “heroes” of the FBI or the IRS or whatever started screwing with him. Let the poor guy ride off into t…

Well sure. But do it for poor people first. There are a million people without millions suffering from similar treatment in the US.

Post by carl_dr » Wed, Jun 23, 2021, 10:12 PM UTC

G3rn0ti wrote: post #482

smitty1110 wrote: post #468

Earlier quoted context omitted.

Top end, which kicks in at a bit shy of $520k is 37%. Top end Long-term Capital Gains max rate is 20% at about $440k. These are numbers for individuals, they differ for married couples and households filing collectively.

At least that’s lower than in many European countries. In case of the income tax at least.

Post by qayxc » Wed, Jun 23, 2021, 10:14 PM UTC

freddie_mercury wrote: post #453

G3rn0ti wrote: post #418

30 years for tax evasion? No wonder he preferred to die. I mean, you’ll get jail time for severe cases of tax evasion in Germany, too, but it’s a couple of years at max and most of the time it’s on probation. How do you justify your draconic punishments in the US which is supposed to be a free country?

Germany has more draconic laws than the US in this situation, so I'm not sure what you're talking about. "Under German law, the maximum term for one count of aggravated tax evasion is 10 years. If an accused is convicted of more than one count, the court can increase the maximum to 15 years." The US is 5 years for each count, half of Germany's. Macafee was under accused of multiple crimes, which added up to the headl…

Post by to1y » Wed, Jun 23, 2021, 10:14 PM UTC

gizdan wrote: post #489

rcurry wrote: post #470

The sad thing is that our government seems to make a point of screwing with kooks. I don’t care if McAffee owed some taxes - leave the guy alone, he’s obviously unstable, has major problems with drug and alcohol addiction and all they can do is try to bring him even lower. Poor guy had major problems even before the “heroes” of the FBI or the IRS or whatever started screwing with him. Let the poor guy ride off into t…

> I don’t care if McAffee owed some taxes - leave the guy alone, he's obviously unstable This is ridiculous. Okay so let's leave all the rich people alone who claim they are unstable. McAfee made millions, from what I understand, he paid little taxes on that. That's stupid. I don't care how unstable you are, or how good you are donating your "fair share". You're still not excused from paying your taxes.