This site is made in honor of my Lord and Savior Jesus Christ who gave His life for me and whose blood has covered over my transgressions and thus reconciled me with the Father to whom forever be the glory!

This site contains pictures, videos, commentary, links, posts, writings,etc. meant to in one way or another, directly or indirectly lift up the Name, the ONLY name, under heaven, given to men, by which we must be saved, Jesus Christ.

The postings on this site are meant to provide the believer with uplifting testimony from the Spirit. If you are a believer and feel there is anything which may be perceived as detrimental to the cause and/or advancement of the Gospel, please let me know.

My personal writings are meant to inspire, instruct, and instill a grateful spirit, for I believe it is only right to give thanks to the One responsible for all things and to stay in constant contact with Him.

In addition, this site will in many ways help us to stay awake, as we await THE DAY! It is my firm belief that it is our generation that will come to see the events foretold and pre-ordained before the foundation of the earth spoken of through the prophets and to John, the beloved apostle who "testifies to everything he saw—that is, the word of God and the testimony of Jesus Christ" and whose unveiling declares that "Blessed is the one who reads the words of this prophecy, and blessed are those who hear it and take to heart what is written in it, because the time is near."

Like always, LET US REJOICE IN THE LORD, as we "await in eager expectation for the sons of God to be revealed."

AMEN.

Saturday, August 30, 2014

Current Events-Babylonian affairs

http://www.forbes.com/sites/robertwood/2014/08/28/u-s-hikes-fee-to-renounce-citizenship-by-422/

Over the last two years, the U.S. has had a spike in expatriations. With global tax reporting and FATCA, the list of  individuals who renounced is up. For 2013, there was a 221% increase, with record numbers of Americans renouncing. The Treasury Department is required to publish a quarterly list, but these numbers are under-stated, some say considerably.

The presence or absence of tax motivation is no longer relevant, but that could change. After Facebook co-founder Eduardo Saverin departed for Singapore, Senators Chuck Schumer and Bob Casey introduced a bill to double the exit tax to 30% for anyone leaving the U.S. for tax reasons.

To leave America, you generally must prove 5 years of U.S. tax compliance. If you have a net worth greater than $2 million or average annual net income tax for the 5 previous years of $157,000 or more for 2014 (that’s tax, not income), you pay an exit tax. It is a capital gain tax as if you sold your property when you left. At least there’s an exemption of $680,000 for 2014. Long-term residents giving up a Green Card can be required to pay the tax too.

Now, the State Department interim rule just raised the fee for renunciation of U.S. citizenship to $2,350 from $450. Critics note that it’s more than twenty times the average level in other high-income countries. The State Department says it’s about demand on their services and all the extra workload they have to process people who are on their way out.

Apparently, dual citizens in Canada trying to shed their U.S. citizenship have created a backlog at the U.S. consulate in Toronto that stretches into the third week of January 2015. A decision to expatriate should never be taken lightly. Taxes or not, it can be a big step. And around the world, more people are talking about taking it.

BABYLON, O BABYLON! YOUR DAYS ARE NUMBERED....

No comments: