Mr. Stack, U.S. Treasury, and IRS are convinced these honest, productive people are hiding "illicit activities" in their legal checking accounts where they live. They insist these individuals must be trying to evade taxes by saving for education of children born and raised outside United States and for retirement in the county where they work and actually plan to retire (or have already retired).
Mr. Stack, instead of chasing phantom "myths" around the world, US Treasury and IRS would be far better served by concentrating on real tax cheats closer to home. You could start with Secretary of Commerce, Penny Pritzker, who neglected to report $80 million in income to IRS due to a "clerical error."
Mr. Stack, you could focus on the real intent of FATCA. You could go after people living in United States with money stashed in real tax havens. Don't forget, your own Secretary of Treasury had $56,000 in investments in the Cayman Islands in the very building President Obama called "the largest tax scam in the world."
Mr. Stack, you could stop fraudulent refunds to prison inmates. One year this was $757 million--close to the amount you claim you may raise per year from your FATCA Attack on honest Americans abroad.
Mr. Stack, you could stop the "epidemic" of identity-theft fraudulent claims. Treasury Inspector General for Tax Administration estimates $5.1 billion was paid in 2011 and projects $21 billion over the next five years. Yet, you expand massive energy and money on FATCA that is predicted to give you under $800 million per year or $8 billion over 10 years.
Mr. Stack, why are you so determined to focus so much time, energy, and money on people whose only crime is to have the audacity to live outside United States and have legal bank accounts and investments where they live?
Mr. Stack, can you seriously look at the faces of We Are Not A Myth Portraits, read their comments and call these people tax cheats?
Mr. Stack, please take the time to look at them. After doing that, if you still insist they and the FATCA problems you have wrought on them are "myths," US Treasury is even more of a corrupt bully than I thought.
But, of course that's what bullies do. They harass the little guys while ignoring anyone they think will stand up to them.
Mr. Stack, I have news for you. We are and will stand up to you. That is no myth.
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