How to declare personal assets abroad? 2011-12, many of them are first-generation immigrants, there is the issue of overseas assets.
If you are not first-generation immigrants, had no overseas assets, but because you go to the foreign investment business, inevitably resulted in overseas assets.
U.S. citizens declare their personal income each year, must declare worldwide income, foreign income in the United States, must be accurately reported, personal overseas assets, the need to declare, this is often not very clear.
This year (2011), to declare personal income in 2010, requirements for filing a foreign bank account, bank name, account number and deposit amount, the request from last year, has announced the declaration deadline, the former, there is no declaration of non- accountability, as long as the prescribed period before the declaration can be tolerated, no problem. Currently, the tolerance period has expired.
Next year, how? Accountants say (2012) declare personal income in 2011, completing all required overseas “financial assets” of the message that, in addition to bank deposits, stocks, or if there are bonds of foreign assets to be declared.
Overseas real estate, the future may need to declare, at present, no such requirement, if the house rentals, rental income, this income is the need reported; if to sell the house, make some money, but also need to declare, with the United States Sellers same approach.
At present, a wave of migration in China is hot, a lot of people want to come to America. The United States welcomes the rich immigrants, but immigrants to the United States and not worth the rich, because, took a green card, you must fill in the overseas assets, if not truthfully reported, once discovered, punishment is very severe.
Some people think: China’s assets in U.S. government can not check, therefore, not to declare, however, the U.S. government to report to you, often your own wife, in the past, you did not prepare her, once the divorce, she asked for half of our property She knows all the ins and outs you, you are captive.
Emigrated to the U.S. is the desire of many people, but Americans (including U.S. permanent resident holding a green card) is not good as, if you want to enjoy the rights of Americans, but Americans do not want to assume the obligations should think twice. The best way is honest reporting, not to hide, otherwise, you sleep well at night, not worth the candle.
Therefore, some people want to emigrate to America, it was prepared to give up U.S. citizenship. .
Changes in the U.S. minimum hourly wage trends, the red line is the nominal salary, the green line is the inflation-adjusted salary
The current minimum wage American labor level worse than 40 years ago.
Nominal hourly minimum wage, 1967. ‘, 2010, from $ 1.40 up to $ 7.25, or up to 418%, adjusted for inflation, the federal minimum wage over the same period fell 20%.
The end of 2007, the minimum wage decline has reached 41%;
In the decade before the nominal minimum wage does not change. 2008 ‘, 2010, the employer shall increase the minimum wage.
Senior economist at Nomura Securities International Cen Turner (Ellen Zentner), said: “low-income households are increasingly hard, the minimum wage to reflect the lower end part of the salary level.”
Since February 2009, the U.S. unemployment rate has been above 8%, the highest since records began in 1948, the unemployment rate remained at 8% above the maximum time.