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A comment on U.S. Expats Balk at Tax Law: American Citizen Renunciations Are Soaring. Parent comment

Re:U.S. Expats Balk at Tax Law: American Citizen Renunciatio... by jacques_chester on Tuesday August 13, 2013 @03:07AM (#6204380)
Having access to American universities and jobs on Amercian-citizen terms give those troubled children a helluva worldwide advantage.

As an Australian I have no advantage on the education front over any other foreign student. I at least have a leg up in the E-3 visa.

Dual citizenship can smooth the edges too, depending on the 2nd citizenship. Lots of countries have reciprocal tax treaties with the US that will excuse American citizens earning in the foreign country from paying American income tax, because they are paying local taxes. And vice versa.

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Re:U.S. Expats Balk at Tax Law: American Citizen Renunciatio... by adamcik on Tuesday August 13, 2013 @03:10AM (#6204393)
The way the US tax treaties work you get tax credits for your local taxes. So if you live in Scandinavia with high taxes, say 40% you have enough credits to offset all of your ~30% US taxes. But if you are in a low tax country, say 20% you would end up still paying ~10% taxes to the US.

edit: And yes, if the citizenship is a good or bad thing is of course highly dependent on your other citizenship, your plans to study/work/live in the US, the country you intend to live in instead of the US and a number of other factors.

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Re:U.S. Expats Balk at Tax Law: American Citizen Renunciatio... by jacques_chester on Tuesday August 13, 2013 @03:11AM (#6204396)
Thanks, I didn't know that.
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Re:U.S. Expats Balk at Tax Law: American Citizen Renunciatio... by noja on Tuesday August 13, 2013 @04:46AM (#6204650)
> jobs on Amercian-citizen terms

Yeah, I think most Europeans definitely would _not_ want that.

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Re:U.S. Expats Balk at Tax Law: American Citizen Renunciatio... by jacques_chester on Tuesday August 13, 2013 @07:16AM (#6205065)
The point is: it would be easier for me to find work in the centre of the software-development universe than outside it.
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Re:U.S. Expats Balk at Tax Law: American Citizen Renunciatio... by noja on Tuesday August 13, 2013 @09:49AM (#6205649)
That may be true, but that's not what you said.
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Re:U.S. Expats Balk at Tax Law: American Citizen Renunciatio... by jacques_chester on Wednesday August 14, 2013 @01:28AM (#6210042)
It's what I meant. I can't change that you put your own spin on it.

As the author of the words I feel a certain ... authority ... on this.

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