OVerseas banks tell american to remove thier accounts at once.. Obama wants taxes from americans overseas acounts now.

The Swiss are finally going to comply with the law. The rich must pay their fair share.

Sux to be you, I guess.

internation banks are now under the obama international tax collecting gun. . but now the Americans are told to close thier accounts at once and move thier money elsewhere cause tthe banks are not going to turn into tax collectors for americas IRS. .

internation banks are now under the obama international tax collecting gun. . but now the Americans are told to close thier international bank accounts "at once" and "move thier money elsewhere" cause tthe banks are not going to turn into tax collectors for americas IRS. . PS IRS this year recieved one third less in federal taxes from Americans .. this also means that states recieved much less in state and local taxes also. . The poor economy is the reason.

If u have an oversea account greater than $10,000 for tax year 2008, you have to report it to the Treasury by June 30.

if you don't report it and they find out ...big fine maybe jail...

if u do report it and were paid interest.... you owe tax on the interest...

I don't think he should be asking for more money from anyone, it's painfully obviously he's very bad with money - spending it like crazy with absolutely no return on investment!

Last Edited by Cy Kotic on 11/27/2009 11:30 PM