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U.S. Expat Taxes Drive Americans to Renounce Citizenship
- noonespecial 16y agoDon't forget to file your Fubar http://www.irs.gov/businesses/small/article/0,,id=148849,00.html http://www.irs.gov/businesses/small/article/0,,id=148849,00.... Err.. ummm... FBAR, something like that....
- abyssknight 16y agoI'm pretty sure they don't just let you renounce your citizenship. I've been reading "Emergency" by Neil Strauss, and he touches on that during his search for dual citizenship. Pretty much, once you're an American, you're out of luck -- and you're going to pay taxes 'til you die, or stay out of the country forever and hope you aren't extradited. Personally, I hold dual citizenship by birth right, but it isn't recognized by the U.S.; the U.K. recognizes both though. Weird? Yep.
- dantheman 16y agoYou can renounce your citizenship, as long as you have a citizenship somewhere else. Also, if you renounce your citizenship and have a high networth the US will tax that due as a sort of exit fee.
- gte910h 16y agoRepeat: http://news.ycombinator.com/item?id=1282814 http://news.ycombinator.com/item?id=1282814 Flagged