Congress is no more than a bunch of robber barons. If you live and work in the US, yeah you should disclose your accounts. But when American expatriates who live abroad are taxed on income at the same rates as people who live in the US, in addition to the taxes of their host country - that's robbery! Does Congress think we olim care about a highway built in the middle of nowhere? Does Congress think we olim, who benefit from Bituach Leumi, want to pay for Medicare/Medicaid? We don't benefit from these services as expatriates and we should not be taxed for them!

What this article (and so many others) fails to note are the specifics of the rule. Account holders are only required to disclose their account if the account balance was ever over US$10,0000 in the calendar year. If you've never had more than that, you aren't required to disclose.

The US holds it citizens hostage no mater where they live. You can't even escape the IRS if you renounce your citizenship without a full tax audit, and the promise that they reserve the right to tax you for an undetermined period after you renounce. I do not know if any other country on earth does that. The US is in an advanced state of societal collapse. With it's huge debt, and Quantitative Easing (read printing more worthless paper money) the inflation rates, devaluation of the dollar and greed of the tax collectors will only increase. It is best you remove as much as your can from the US right now. Those who pulled out 5 years ago got 4.7 shekels to the dollar, better to save what you can now then wait until you get 2 shekels to the dollar in a couple of years from now. Those who sold their homes and left 5 years ago got a good price, now many are upside down in the mortgage and it's getting worse. Leave now and make Aliyah while you still can with whatever you can salvage.

us will have $10, 000 to bring with us for Aliyah. So for the few that are more well off, they can have ten accounts in ten banks and never let the IRS know. Taxes are just to reward illegal aliens and pay our soldiers to get killed trying to sweet talk the afgannis.

This 10,000 dollar limit is only temporary. I remember when I could deposit any amount in a US bank without paper work, then it was 10K, 5K, and last i knew 3k was being reported. It got so bad that when I deposited my paychecks of more than 5k they would also hold the funds for several days.

Israelis should do the exact opposite. Sell your home in Israel for a bloated price. Sell your stocks which recovered well in the past two years. Change all the shekels you received into dollars, at the wonderful exchange rate in the market now. Go to Florida, or any of the other places in the US whose real estate was hit hard by the recession, and with your heap of dollors, buy a mansion there at rock bottom price. A decade from now, sell your mansion for three or four times your purchase price.

The US economy is at or near the peak of what traders call a classic "dead cat bounce" or in some quarters "A suckers rally" Check the history for the crash of 29 - 39. The US economy is far worse off then then. With fiat currency, debt that cannot be comprehended, and all meaningful manufacturing and a huge number of jobs offshore. If in the US sell everything invest in commodities, and buy a bunch of silver (not collectible coins) but in bars or junk coins and take possession of it. The supply is contracting and the demand is rising. On an investment return basis it will out perform gold, or just about anything else. Do not hold anybody's paper you will get burned.

And all the rights and benefits that go with it. We are done being used as suckers by people who bleed our country and put their loot in foreign lands.

You need at least 500 k dollars to bring with yourself to Israel to secure a good life for the next 30-40 years. A good flat in Gush Dan area or Upper Haifa or Jerusalem is about 280k dollars. You need to be able to buy at least 3 new cars sequentially, each one to be used at least for 10 years, thus securing 30 years of having a car in Israel. You have to be able to have available at lest $1500.00 a month available to live from regardless of the fact whether you have a job or not. My plan is to live in U.S. until the age of 60, then after working in U.S. for 35 years, sell the house, and live from 401k plan, pension plan, social security benefits to expatritates which are available in Israel. After 1-2 years of returning to Israel, you can start receiving bituah leumi benefits, healthcare.