Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The U.S., the only nation in the Organization for Economic Cooperation and Development that taxes citizens wherever they reside
and
Quote:
For individuals, the costs are also rising. Getting a mortgage or acquiring life insurance is becoming almost impossible for American citizens living overseas, Ledvina said.
"With increased U.S. tax reporting, U.S. accounting costs alone are around $2,000 per year for a U.S. citizen residing abroad," the tax lawyer said. "Adding factors, such as difficulty in finding a bank to accept a U.S. citizen as a client, it is difficult to justify keeping the U.S. citizenship for those who reside permanently abroad."
Make sure you have an exit strategy as our family does.
(In before rampant nationalism i.e. "good, let them leave")
My family come from a line of recent immigrants.
Dual citizenship with Ireland.
My cousin, born in the US, is using her Irish citizenship to live and work in Europe.
Yup. Good deal. Hungarian/EU dual-citizenship (ala Jus sanguinis since both parents were born there) and wifey is Canadian dual citizen. Our child is born here but shouldn't be a problem starting anew if we had to.
My family come from a line of recent immigrants.
Dual citizenship with Ireland.
My cousin, born in the US, is using her Irish citizenship to live and work in Europe.
Same here. My siblings and I are all in the process of getting dual citizenship with Ireland-eligible through our Grandparents who emigrated from Ireland.
Yup. Good deal. Hungarian/EU dual-citizenship (ala Jus sanguinis since both parents were born there) and wifey is Canadian dual citizen. Our child is born here but shouldn't be a problem starting anew if we had to.
If you can keep your US citizenship, like with Ireland, then you should start that process now to obtain your dual citizenship papers. For Ireland it can take up to 18 months to get the paperwork that you then use to apply for a passport. The passport part only takes 2-3 months though.
Number of those renouncing US citizenship jumps 6 fold
Seems to be a 6-fold increase in whiny, self-pitying "Americans" recently, too.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Number of those renouncing US citizenship jumps 6 fold
