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ROBJETS Icon : (22 November 2015 - 04:20 PM) Either way yeah this team sucks. No playoffs for us. It's hard to blame Fitz though. He touched it out after having surgery and said his thumb hurts far worse than before the surgery. Plus the online was shit and he kept getting hit so it's hard to make Fitz a dud this week
ROBJETS Icon : (22 November 2015 - 04:20 PM) Fitz was under tremendous pressure all game
ROBJETS Icon : (22 November 2015 - 04:21 PM) If Fitz had good protection he would've made better throws. Also Marshall dropped a lot of easy catches
MikeGangGree... Icon : (22 November 2015 - 04:23 PM) f***........................
MikeGangGree... Icon : (22 November 2015 - 04:23 PM) I HATE THIS
MikeGangGree... Icon : (22 November 2015 - 04:24 PM) Dolphins looking to take us out next week also
MikeGangGree... Icon : (22 November 2015 - 04:24 PM) I think Mangold has a broken wrist
MikeGangGree... Icon : (22 November 2015 - 04:34 PM) Jets 4th loss by 7 points or less. I all 4 of them the jets had the Ball with under 2 mins to go with a chance to tie or win the game
santana Icon : (22 November 2015 - 04:35 PM) noooooooo
MikeGangGree... Icon : (22 November 2015 - 04:36 PM) yessssssssssssssss
MikeGangGree... Icon : (22 November 2015 - 04:53 PM) So now we have to pull for the Pats against the Bills to stay even with them
MikeGangGree... Icon : (22 November 2015 - 04:53 PM) BOOOOOOOOOOOOO
MikeGangGree... Icon : (22 November 2015 - 04:54 PM) Hate my life
vjdbbq Icon : (22 November 2015 - 06:11 PM) SLIDE YOU f*** HEAD SLIDE !!!!!!!!!!!!!!!!!!
vjdbbq Icon : (22 November 2015 - 06:11 PM) I don't want to see Geno !!!!!!!!!!!!!!!
MikeGangGree... Icon : (22 November 2015 - 11:42 PM) Report is mangold has a severe cut on his hand
ROBJETS Icon : (23 November 2015 - 02:12 AM) Jets playoff hopes are seriously on the edge of going down the drain with all the close records, tie breakers and better division win %.Steelers and Chiefs are prime for the 2 wild card spots. Jets pretty much need to run the table at this point for even a shot at a wildcard.
ROBJETS Icon : (23 November 2015 - 02:14 AM) Sucks big time after the season started so promising. 4-1 to total implosion. It sucks even more because we are so used to it we expect it every year now.
vjdbbq Icon : (23 November 2015 - 08:52 AM) Nice ass rob
MikeGangGree... Icon : (23 November 2015 - 12:31 PM) Jets cut copels today
MikeGangGree... Icon : (23 November 2015 - 12:32 PM) Coples
NJAzrael71 Icon : (23 November 2015 - 01:24 PM) Scott20119.....how about you go troll and spam some other site? Spammers can go f*** themselves.
ROBJETS Icon : (23 November 2015 - 05:39 PM) vjdbbq you have some serious metal and IQ issues. Why dont you go back to your old ways of never posting when you had only 5 or 6 posts since your join date in 07.
ROBJETS Icon : (23 November 2015 - 05:39 PM) mental
ROBJETS Icon : (23 November 2015 - 05:49 PM) Thanks for the news MGG. If the FO didn't try to shop him before the trade deadline it was stupid because releasing him now they get nothing. Maybe no one would've traded but if so even a 6th or 7th round draft pick or someone the team might be able to use would've been better than nothing
ROBJETS Icon : (23 November 2015 - 05:51 PM) He sucked this year but did have a career best 6.5 sacks in 2014 so a team change might work out for him.
azjetfan Icon : (23 November 2015 - 07:36 PM) Couples will land on the Bills when Rex grabs him off waivers
azjetfan Icon : (23 November 2015 - 07:37 PM) in the mean time does anyone think we would have a better record under Rex with this same team?
ROBJETS Icon : (23 November 2015 - 07:53 PM) Couples....it wouldn't surprise me and .....with Rex its hard to tell. His defensive scheming may be the best in football but this team has had a lot of injuries on both sides of the ball which has absolutely cost the team at least 3 games ......so as far as better record. it would be simply an opinion. Bowles has done a good job so I have no problems with him other than time out usage. That said I feel rex got a bad rap because he never had a qb even on Fitz caliber and Fitz is just average. But that is in the past so no sense even debating about it now. Rex is with a new team and we finally have a qb who doesn't completely suck. Still wish we had a true high level franchise qb though.
azjetfan Icon : (23 November 2015 - 09:34 PM) Watching the game and I am finding myself yelling at the bills offensive playcalling
azjetfan Icon : (23 November 2015 - 09:34 PM) Just stipupidity
azjetfan Icon : (23 November 2015 - 09:35 PM) run the ball every time on first and second with zero sucess
azjetfan Icon : (23 November 2015 - 09:36 PM) Out D is no where near as good as it should be under Bowles. I'm not sure why. I guess it's easy to blame Bowles but the bend and don't break philosophy isn't working
azjetfan Icon : (23 November 2015 - 09:39 PM) They should ban that pick play.
MikeGangGree... Icon : (23 November 2015 - 11:54 PM) As bad as we have played lately we are still a better coached team without Rex. Rex still has no clue how to manage the clock
MikeGangGree... Icon : (Yesterday, 12:03 AM) See. Can't manage the clock
vjdbbq Icon : (Yesterday, 08:05 AM) Hello Rob
vjdbbq Icon : (Yesterday, 08:06 AM) They cut coples to save money in case he got hurt practicing since he hardly played ; a business move .
Jetsfan115 Icon : (Yesterday, 12:58 PM) our D was better with shit CBs last year. rex is just better at calling a defense then bowles
Jetsfan115 Icon : (Yesterday, 12:58 PM) hopefully milliner comes back. where has mcdougle been? revis hurt and cro hurt
Jetsfan115 Icon : (Today, 02:37 PM) coples picked up by miami. we play him on sunday now lol
Jetsfan0099 Icon : (Today, 05:08 PM) We need a real edge rusher
Jetsfan0099 Icon : (Today, 05:08 PM) We are gonna trade Richardson or Wilkerson after this season, hopefully we can then get a edge rusher to compliment them
Jetsfan0099 Icon : (Today, 05:10 PM) I never wanted the Jets to draft Coples, he was clearly going to be a bust
Jetsfan0099 Icon : (Today, 05:10 PM) hes not athletic enough for OLB either, doesn't have enough fluidity in the hips. He can be a decent player, but he needs to be a interior pass rusher
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Here's The Law That's Driving Record Numbers Of Americans To Renounce Their Citizenship

#1 User is offline   azjetfan Icon

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Posted 14 August 2013 - 01:22 PM

By Josh Barro | Business Insider – Mon, Aug 12, 2013 3:32 PM EDT..


A record number of Americans are giving up their U.S. citizenship. The Wall Street Journal reports that 1,130 Americans renounced their citizenship in the second quarter of 2013, more than did so in all of 2012.

To my surprise, the list of new ex-Americans is publicly available; I didn't recognize any of the names on a quick scan.

According to the Journal, the surge in expatriations seems to be driven by the upcoming implementation of the Foreign Account Tax Compliance Act (FATCA), a 2010 law that forces foreign financial institutions to disclose more information to the IRS about Americans' accounts and investments. Starting in 2014, foreign financial institutions will have to tell the IRS about income accruing to American clients (or businesses owned by Americans), and they'll have to withhold American income tax as appropriate.

In other words, it's going to become a lot harder to hide your income with a Swiss bank account.

The IRS can't directly tell foreign banks what data to turn over. But it has a pretty big stick — it can impose a 30% withholding tax on payments from the U.S. to foreign financial institutions unless they cooperate. As a result, many foreign banks and foreign countries have been entering into agreements with the IRS to comply with FATCA.

If you're an American living in the U.S. and your strategy for hiding income abroad isn't working anymore, you may have few options but to pay up. But if you live abroad, you have another choice available: Renounce your U.S. citizenship so you're not liable for American income tax.

That's one driver of the surge in renunciations. Another likely factor is the increase in capital gains and income tax rates in 2013, meaning that wealthy American expatriates can get a bigger tax saving by renouncing citizenship than they used to.

But a third factor is that FATCA creates compliance headaches apart from the actual tax bills it leads to. As the WSJ describes:

Some U.S. citizens say they are exasperated by a growing raft of paperwork that forces U.S. citizens living abroad to declare the minutiae of their financial holdings and other assets. That has increased the attraction of becoming a citizen in places such as Hong Kong, where the individual tax rate is capped at 15%.

"My decision was less about the actual amount of taxes I had to pay, and more about the system," said one investment banker, who renounced his U.S. citizenship and is now a Hong Kong citizen. "I'm not an ultrawealthy dude. It was the hassle with all the paperwork."

A few months ago, I attended a dinner where I sat between two Americans living abroad who complained that FATCA has made foreign banks less willing to provide American expatriates with checking accounts, credit cards and mortgages. This has been a major point of complaint for organizations representing American expatriates.

FATCA also complicates matters for foreign businesses with American investors (and for Americans who want to invest in foreign businesses) since American ownership makes a business subject to FATCA reporting.

If you intend to move back to the U.S., you're probably not going to renounce your citizenship because it was hard to get a checking account, or even because you had to forego an investment opportunity. But if you're a dual citizen with weak ties to the U.S. and the law is materially interfering with your financial dealings, it might be a reason to go ahead and quit being an American.

Marie Sapirie, the legal editor at Tax Notes, even says the IRS proposed renouncing citizenship as an option for an American with a complicated tax situation who had long resided abroad.

Last fall, I attended an American Swiss Foundation trip to Switzerland and FATCA was the number one hobby horse for the Swiss participants. The difficulty in evaluating the Swiss complaints is that the Swiss have a combination of good and bad reasons for hating FATCA. The law creates compliance burdens for Americans living in Switzerland and Swiss who do legitimate business with Americans. But it also undermines tax evasion strategies that are the key reason that some Americans were interested in banking in Switzerland in the first place.

Of course, every law has compliance costs, and it's not even clear that it's such a big problem if more Americans, presumably dual citizens living abroad with relatively weak ties to the U.S., are renouncing citizenship. But the benefits of FATCA may also be relatively modest: It's expected to raise $7.6 billion in added taxes over 10 years.

In 1999, the State Department estimated that there are between three and six million Americans living abroad; if those numbers are similar today, that means FATCA will generate about $170 in extra annual taxes per expatriate.

The revenue estimate for FATCA may prove incorrect in either direction; it's based on a guess about how much unreported foreign income will be discovered when the new reporting and withholding requirements come into effect. As the law is implemented next year, we'll start to see how much revenue actually rolls in — and whether the law is worth the compliance costs and expatriations that it causes.

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