FACTA & The Penalties



Americans are treated as simply the property of the state. The line to resign American citizenship is at historic highs. The penalty for an American failing to notify the USA that they have an offshore account is a fine up to $500,000 and 10 years in prison. They also have a penalty. A non-willful failure to file is a $10,000 fine if you did not even know you violated something and if you did deliberately not file the fine jumps to $100,000 and they take 50% of the account. Then they treat each year as a separate violation and then take 50% of whatever you have each year so a few years and everything is theirs and now you owe more than you ever had and go to prison so you will never be able to pay whatever they demand you owe. But hey, America is the land of the free – right!. They flipped this to be land where government is free to do whatever they like.