Living, studying, and working abroad are great, I have done all three and am abroad now. Do not get me wrong when I caution: Accepting foreign residence as U.

Living, studying, and working abroad are great, I have done all three and am abroad now. Do not get me wrong when I caution: Accepting foreign residence as U.S. American under the present and proposed tax regime may not be a panacea. We pay taxation on foreign income; and if the tax regime changes to impute an estimated tuition cost, you may be in the same boat as the one you started. For all intents and purposes, the double taxation exemption is useless — especially if you live in a country with a higher nominal cost of living than the U.S. This is not normal. It is one of two countries to tax its citizens when domiciled abroad. The other is Eritrea. I’ll be frank: I had only one thing to be excited about in this tax bill, and that was the possibility of rescinding citizenship-based taxation (CBT) and moving to residence-based (RBT), but I think the Senate draft doesn’t include this provision. The rest of the law is garbage as far as I am concerned. But back to the original point, the U.S. is toast. Get out of there. That’s what I have done in my Fortress Zürich. This is a great place to raise a family and live. Each time I return to the U.S., I cannot help but be bombarded with realizations of its regressive characater and barbarism.