You have options – Why we left the U.S. and moved back to Europe

Re:You have options – Why we left the U.S. and moved back to... by SirLJ on Sunday April 01, 2018 @05:24PM (#16730518)

The only problem with the US is that you have to report to IRS even if you live and work in some other place...

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Re:You have options – Why we left the U.S. and moved back to... by samjc on Sunday April 01, 2018 @05:54PM (#16730694)

The good news here, is that many countries have double taxation treaties. So that you don't get taxed by 2 countries for the same income. https://en.wikipedia.org/wiki/Tax_treaty

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Re:You have options – Why we left the U.S. and moved back to... by innocentoldguy on Monday April 02, 2018 @09:56AM (#16734476)

Only to a point. I think the limit is around $100,000.00 nowadays. Anything over that gets taxed by both the country you live in and the U.S. (if you're a U.S. citizen).

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Re:You have options – Why we left the U.S. and moved back to... by SirLJ on Sunday April 01, 2018 @07:14PM (#16731083)

The problem is if you do business in tax free zones for example...

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Re:You have options – Why we left the U.S. and moved back to... by innocentoldguy on Sunday April 01, 2018 @05:37PM (#16730594)

I'm currently in the process of moving out of the U.S. to Japan. I'm considering ditching my U.S. citizenship for this reason.

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Re:You have options – Why we left the U.S. and moved back to... by roywiggins on Sunday April 01, 2018 @05:55PM (#16730702)

Do you have Japanese citizenship? Ending up stateless doesn't seem worth it.

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Re:You have options – Why we left the U.S. and moved back to... by Mononokay on Sunday April 01, 2018 @06:29PM (#16730904)

I may be wrong, but I believe if not so the US legally can't allow him to renounce his citizenship.

(Allowing a person to become stateless is illegal if I remember correctly, but my memory's ever-so-slightly fuzzy around this topic.)

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Re:You have options – Why we left the U.S. and moved back to... by innocentoldguy on Monday April 02, 2018 @09:57AM (#16734484)

My wife is Japanese and obtaining citizenship would be fairly easy. I agree on not ending up stateless.

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Re:You have options – Why we left the U.S. and moved back to... by toasterlovin on Sunday April 01, 2018 @09:04PM (#16731512)

FWIW, I would much rather be in the US than Japan if China becomes aggressive. Keep your options open. History is long. Pax Americana may be coming to an end.

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Re:You have options – Why we left the U.S. and moved back to... by infinity0 on Sunday April 01, 2018 @05:55PM (#16730705)

Note that on certain US visa applications, they ask you whether you've ever renounced US citizenship for the purposes of avoiding tax.

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Re:You have options – Why we left the U.S. and moved back to... by mschuster91 on Monday April 02, 2018 @06:02AM (#16733425)

I wonder if it would be possible to state "no, I renounced due to not wanting to be associated with Donald Trump" (or, if you're leaning to the Republican side, Barack Obama)...how are they going to prove otherwise?

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