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US Citizens can't leave. They must pay tribute to the United States globally and beyond until they die. Income earned in outer space is taxed as income earned i
by orangepurple 4y ago
US Citizens can't leave. They must pay tribute to the United States globally and beyond until they die. Income earned in outer space is taxed as income earned in country.
- eropple 4y agoYeah, that's the price of retaining your American citizenship, which is among the most valuable in the world to have if you ever have a "I need to call my consulate" problem. But you don't have to retain your American citizenship--there are a lot of countries out there! Granted, that's assuming you're a valuable enough contributor to society that you'll find another country interested in taking you, one that won't similarly have expectations around "people in a society should pay taxes", but that's a you problem.
- pyuser583 4y agoIt’s really hard to get rid of American citizenship.
- devoutsalsa 4y agoIt's not that tough. You just need another citizenship, $2_350 to pay the renouncement fee, and an appointment at a USA consulate/embassy to formally renounce. You also need to pay an exit tax if you have a net worth of $2 million+.
- zeusk 4y agoBut they can? You can always give up your citizenship as many have. Or you can choose to live in a country that has a tax treaty with US; either way you get to deduct local tax rate paid so you're not double taxed.