The cost of relinquishing U.S. citizenship

Post Reply New Topic

there is something about America and americans that prevents us from escaping from the "lesser of two evils" prison.

I'd like to think Trump's victory was revenge of the expats. More people voted for Trump than the polls showed, so some of those numbers might have been expats angry about FATCA and citizenship-based taxation, both of which the Republican platform calls for repealing.

Here's a list of reasons people renounce or relinquish, and they're quite varied:

http://isaacbrocksociety.ca/2016/11/09/ ... n-results/

If you are a "U.S. person" who owns shares in foreign corporations, even if it's for a retirement account and you've settled permanently in another country, you have to pay financial penalties for having done so:

http://blogs.angloinfo.com/us-tax/2016/ ... ld-you-do/

Meanwhile, in other news, a sanctimonious POS in the Senate says if you would burn the flag you should just leave:

http://www.nbcnews.com/politics/politic ... ng-n689726

No, Mr. Manchin, we can't just leave, as all the evidence in this thread shows. But of course, as ever, the left hand has no idea what the right hand is doing, and trying to talk to members of Congress, especially Democratic members, about expat tax issues is like trying to talk to a brick wall.

I am so tired of cliches in this country's degenerate politics. It's so ridiculous that with our uniquely cash-sucking tax policies we can't have things like decent public transit and truly universal health care.