4 ms·

USA can't tax non-citizens. Revoke citizenship if you really don't want to pay. That comes with a lot of downsides though (no more US passport, no getting rescu

by umvi 2y ago

USA can't tax non-citizens. Revoke citizenship if you really don't want to pay. That comes with a lot of downsides though (no more US passport, no getting rescued by the US if you wander into North Korea, etc), which implies the taxes aren't for nothing just because you live out-of-country.

ghnws 2y ago
Pretty far fetched benefits
deleted 2y ago
[deleted]
jedilord 2y ago
[dead]
csdreamer7 2y ago
> USA can't tax non-citizens. Revoke citizenship if you really don't want to pay. That comes with a lot of downsides though (no more US passport, no getting rescued by the US if you wander into North Korea, etc), which implies the taxes aren't for nothing just because you live out-of-country. The USA can, and does, tax non-citizens. Many countries tax non-citizens. Go out and buy a foreign stock-they will tax you on earnings or dividends. Go visit a country and pay the local sales tax.
- achierius 2y ago
  What he meant was that the USA can't levy income tax on non-citizens living in other countries.
  - pembrook 2y ago
    You may be surprised to learn the huge role that US federal reserve policy plays in messing with the fortunes of many countries around the world. It's quite easy to argue that handing over such power to a single government is in fact a large tax on every non-US citizen.
  - glenngillen 2y ago
    If I don't complete my FACTA compliance forms with my Australian bank every 2-3 years to (re)confirm that I am an Australian, living in Australia, using my Australian bank account then my bank will withhold certain amounts to cover my supposed obligations to the IRS. Sure smells a lot like levying tax on non-citizens living in other countries.
    - csdreamer7 2y ago
      Do all Australian banks now require that or is it because you work in some sector, like import/export?
      - glenngillen 2y ago
        All banks
  - csdreamer7 2y ago
    > What he meant was that the USA can't levy income tax on non-citizens living in other countries. I did not see that in his comment. He said tax. You are making a pretty big leap. Your comment is wrong too and here is the IRS link on when nonresident aliens have to file American taxes. https://www.irs.gov/individuals/international-taxpayers/taxation-of-nonresident-aliens https://www.irs.gov/individuals/international-taxpayers/taxa...
    - umvi 2y ago
      > I did not see that in his comment. He said tax. You are making a pretty big leap. No, that's exactly what I meant. It's implied from context that I am talking about taxation of people living in other countries. The bit I was directly replying to from root post: > The US government is so powerful, they are the only country that enforces a draconian global taxation scheme on any citizen or person who has ever held a US green card, even after they permanently leave the country. So I replied: "USA can't tax non-citizens. Revoke citizenship if you really ..."
thesz 2y ago
Ask Tinkov [1] about revoking citizenship. [1] https://www.expatriationattorneys.com/tinkov-conceal-foreign-assets-expatriation-exit-tax/ https://www.expatriationattorneys.com/tinkov-conceal-foreign...
- 0dayz 2y ago
  Maybe first ask him why he did tax fraud and not revoke his citizenship?
devnullbrain 2y ago
> Revoke citizenship if you really don't want to pay. N.B.: you have to pay to revoke citizenship.
rcbdev 2y ago
Dodging taxes is not a valid reason to renounce citizenship in the US of A and having renounced citizenship for of "tax reasons" is a question on the standard ESTA form. If you check "yes", you can't enter the US. So, legally speaking, you not only lose citizenship but also the right to ever step foot on American soil again, no matter which other citizenship you gain. Of course, you can just lie about your reasons on the forms.

by umvi 2y ago

ghnws 2y ago

Pretty far fetched benefits

deleted 2y ago

[deleted]

jedilord 2y ago

[dead]

csdreamer7 2y ago

> USA can't tax non-citizens. Revoke citizenship if you really don't want to pay. That comes with a lot of downsides though (no more US passport, no getting rescued by the US if you wander into North Korea, etc), which implies the taxes aren't for nothing just because you live out-of-country. The USA can, and does, tax non-citizens. Many countries tax non-citizens. Go out and buy a foreign stock-they will tax you on earnings or dividends. Go visit a country and pay the local sales tax.

achierius 2y ago
What he meant was that the USA can't levy income tax on non-citizens living in other countries.
- pembrook 2y ago
  You may be surprised to learn the huge role that US federal reserve policy plays in messing with the fortunes of many countries around the world. It's quite easy to argue that handing over such power to a single government is in fact a large tax on every non-US citizen.
- glenngillen 2y ago
  If I don't complete my FACTA compliance forms with my Australian bank every 2-3 years to (re)confirm that I am an Australian, living in Australia, using my Australian bank account then my bank will withhold certain amounts to cover my supposed obligations to the IRS. Sure smells a lot like levying tax on non-citizens living in other countries.
  - csdreamer7 2y ago
    Do all Australian banks now require that or is it because you work in some sector, like import/export?
    - glenngillen 2y ago
      All banks
- csdreamer7 2y ago
  > What he meant was that the USA can't levy income tax on non-citizens living in other countries. I did not see that in his comment. He said tax. You are making a pretty big leap. Your comment is wrong too and here is the IRS link on when nonresident aliens have to file American taxes. https://www.irs.gov/individuals/international-taxpayers/taxation-of-nonresident-aliens https://www.irs.gov/individuals/international-taxpayers/taxa...
  - umvi 2y ago
    > I did not see that in his comment. He said tax. You are making a pretty big leap. No, that's exactly what I meant. It's implied from context that I am talking about taxation of people living in other countries. The bit I was directly replying to from root post: > The US government is so powerful, they are the only country that enforces a draconian global taxation scheme on any citizen or person who has ever held a US green card, even after they permanently leave the country. So I replied: "USA can't tax non-citizens. Revoke citizenship if you really ..."

thesz 2y ago

Ask Tinkov [1] about revoking citizenship. [1] https://www.expatriationattorneys.com/tinkov-conceal-foreign-assets-expatriation-exit-tax/ https://www.expatriationattorneys.com/tinkov-conceal-foreign...

0dayz 2y ago
Maybe first ask him why he did tax fraud and not revoke his citizenship?

devnullbrain 2y ago

> Revoke citizenship if you really don't want to pay. N.B.: you have to pay to revoke citizenship.

rcbdev 2y ago

Dodging taxes is not a valid reason to renounce citizenship in the US of A and having renounced citizenship for of "tax reasons" is a question on the standard ESTA form. If you check "yes", you can't enter the US. So, legally speaking, you not only lose citizenship but also the right to ever step foot on American soil again, no matter which other citizenship you gain. Of course, you can just lie about your reasons on the forms.