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Re:FATCA Pushes “Accidental” Americans to Give Up US Citizen... by mmaunder on Sunday December 27, 2020 @11:36AM (#25552144)
Good reply. This is a cost of US citizenship and you are not forced to acquire citizenship. You could get permanent residency. I had to make this choice and chose citizenship 15 years ago. It’s a hell of a thing swearing that you’ll bear arms to defend a country you weren’t born in.

I have had many occasions to feel glad that I did. From military base tours to easier to entry/exit to Canada to buying a house or getting a loan. It generally makes paperwork much easier in this country and opens up a few doors.

If you think the tax filing requirement is a big deal, consider the restrictions and obligations that other countries have. Compulsory military service, restrictions on moving money, etc.

Re:FATCA Pushes “Accidental” Americans to Give Up US Citizen... by hartator on Sunday December 27, 2020 @12:12PM (#25552433)
Well I have another good news for you: Permanent residents still have to pay the IRS the same way citizens do even if they left or to renounce their green card.
Re:FATCA Pushes “Accidental” Americans to Give Up US Citizen... by eralps on Sunday December 27, 2020 @11:44AM (#25552206)
Not exactly a big deal I just did not think it was feasible but the exclusion is reasonable.

Kind of off point but I actually do have a compulsory military service in my country of birth as well.