Not to mention that you still need to pay taxes to the IRS even if you live abroad.
Want to not pay taxes? You must renounce your US citizenship. Want to renounce your citizenship? You must now pay an expatriation/exit tax on your assets that can range from hundreds of thousands to millions of dollars for some retirees.
If you are born in the United States, you are truly stuck here and forced to pay a forever tax by virtue of being alive.
Want to not pay taxes? You must renounce your US citizenship. Want to renounce your citizenship? You must now pay an expatriation/exit tax on your assets that can range from hundreds of thousands to millions of dollars for some retirees.
If you are born in the United States, you are truly stuck here and forced to pay a forever tax by virtue of being alive.