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The US dollar is really tanking these days. This morning I looked at my exchange rate email and discovered that the USD/GBP exchange rate is 2.089/1.00!
When I first started receiving these emails, in July of 1998, the exchange rate was 1.657/1.00.
In 2001, my new salary with Searchspace is the same as my salary with my current employer (yes, I know, it's not for want of trying for more). However, my US dollar salary has increased by $25,000 just because of the Chimp-in-Chief and his pulling the chain and flushing the US dollar down the world toilet.
My US tax return will become infinitely more challenging (although I'll still not pay any US taxes, as far as I am aware) because I'll have to offset US taxes owed on my salary above $84,000 with the taxes paid to Her Majesty the Queen. I'll probably have to use a paid preparer this year. Rats!
The other consequence is that friends whom I have not seen in a long time can no longer afford to travel to the UK because the exchange rate is so bad. Of course, the Chimp-in-Chief doesn't care, because he doesn't like foreigners and probably feels that Americans shouldn't travel abroad.
Another reason to renounce my US citizenship.
When I first started receiving these emails, in July of 1998, the exchange rate was 1.657/1.00.
In 2001, my new salary with Searchspace is the same as my salary with my current employer (yes, I know, it's not for want of trying for more). However, my US dollar salary has increased by $25,000 just because of the Chimp-in-Chief and his pulling the chain and flushing the US dollar down the world toilet.
My US tax return will become infinitely more challenging (although I'll still not pay any US taxes, as far as I am aware) because I'll have to offset US taxes owed on my salary above $84,000 with the taxes paid to Her Majesty the Queen. I'll probably have to use a paid preparer this year. Rats!
The other consequence is that friends whom I have not seen in a long time can no longer afford to travel to the UK because the exchange rate is so bad. Of course, the Chimp-in-Chief doesn't care, because he doesn't like foreigners and probably feels that Americans shouldn't travel abroad.
Another reason to renounce my US citizenship.
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merman13