4 ms·
My parents moved my entire family here on a h1 when I was younger. We obtained our Green Cards about 5 years ago. I'm about to graduated college and go start w
by thelonelygod 13y ago
My parents moved my entire family here on a h1 when I was younger. We obtained our Green Cards about 5 years ago.
I'm about to graduated college and go start working in NYC. My parents are currently starting the process to get citizenship and I'm choosing not to do it mainly because I'm not sure if I want to stay in the country for the rest of my life and didn't want to be stuck in the US tax abroad issue.
You mentioned that getting a green card does in fact put you into the US tax regime semi-permanently. Do you have any links or more information about that?
- deleted 13y ago[deleted]
- mahyarm 13y agoPeople with green cards or citizenship are subject to the same unique worldwide citizenship-based taxation scheme that the US has. You will have to revoke your green card anyway to escape it so I would just get the citizenship since you can renounce it later with a somewhat more involved process. You can be subject to an exit tax if your 'rich enough' when you revoke your green card or citizenship. Something like $150k annual income for 5+ years or $2+ million in assets. Research it yourself, etc.