tag:blogger.com,1999:blog-8964719845369935777.post4220183655725267939..comments2024-03-29T09:05:29.819-04:00Comments on Chemjobber: US government charges MIT engineering professorChemjobberhttp://www.blogger.com/profile/15932113680515602275noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8964719845369935777.post-7124535326111004452021-01-19T08:00:47.021-05:002021-01-19T08:00:47.021-05:00~$10,000 is a normal checking or savings account b...~$10,000 is a normal checking or savings account balance for middle-class people. When I was on my corporate ex-pat assignment, I had to report four separate accounts every year, even though in many cases some of them may have not hit the threshold (remember, it is the *maximum* throughout the year. Do you know what the maximum value of your checking account was last year?). Shifting it to something more like $25,000 would alleviate the need to report daily-use checking accounts and focus on place where people were storing significant assets.Ogemaniachttps://www.blogger.com/profile/02396797613368443908noreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-26129918951977639982021-01-18T16:08:43.039-05:002021-01-18T16:08:43.039-05:00Perhaps to us rarefied PhDs, but I wouldn't tr...Perhaps to us rarefied PhDs, but I wouldn't try telling that to the 34 million americans living below the federal poverty level of $12,760. CBCnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-1879351522001313772021-01-18T10:08:43.397-05:002021-01-18T10:08:43.397-05:00To be fair, FBAR is one of crappiest laws we have ...To be fair, FBAR is one of crappiest laws we have and is a perpetual headache for many immigrants to America. $10,000 is a pathetically low total to trigger a reporting requirement.Ogemaniachttps://www.blogger.com/profile/02396797613368443908noreply@blogger.com