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07.07.2010, 20:17
| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide | Quote: | |  | | | Which is undeniably one of the nicest times/places to be in the states.
I've just realized that what I really need is tax-free citizenship in 4 different countries so that I can spend 3 months in each per year. Ideal. | | | | | Nah, all you need to do is be a citizen of one country. Then you can be a tourist for 3 months of the year in four places and never have to pay tax again (so long as you're not a US citizen). It's called being a Perpetual Tourist/Traveller (PT) and is practised by many people.
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07.07.2010, 21:22
|  | Forum Veteran | | Join Date: Jun 2009 Location: Canton Geneve
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide | Quote: | |  | | | Nah, all you need to do is be a citizen of one country. Then you can be a tourist for 3 months of the year in four places and never have to pay tax again (so long as you're not a US citizen). It's called being a Perpetual Tourist/Traveller (PT) and is practised by many people. | | | | | I stand corrected. (although still burdened with the aforementioned citizenship)
I've lived the my adult life as a somewhat of a nomad, but have tended to stay more than 3 months in one place.
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07.07.2010, 21:48
| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide | Quote: | |  | | | I stand corrected. (although still burdened with the aforementioned citizenship) 
I've lived the my adult life as a somewhat of a nomad, but have tended to stay more than 3 months in one place. | | | | |
Well, when you've done a load of saving you can put your money away and move around so as not to pay tax. Either that or do the unthinkable and move to Qatar | 
07.07.2010, 21:49
| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide | Quote: | |  | | | Why does it make me nervous that they want an email address to give you this free guide? | | | | | http://trashmail.net/ | 
07.07.2010, 21:54
| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide
Actually, reskimming the thread, it appears to be mostly regarding illegal immigrants, Native Americans, non-US spouse/bank accounts/FBAR.  Not much on how many people actually owe IRS money, let alone large amounts, even for those making over 120k. | Quote: |  | | | We've discussed it before at length here. NYTimes: More U.S. Expats giving up citizenship
Depending on your salary and deductions, it can amount to a significant chunk of change. If you're making under CHF 120 or so, it probably is a wash. More, depending on your circumstances may result in owing taxes to the US.
For some it is a duty, but for others, it is a questionable unfair practice.
There was a fairly lively discussion at the other thread, perhaps reading it will answer your question. | | | | | | 
07.07.2010, 22:22
| Member | | Join Date: May 2009 Location: Rolle
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide | Quote: | |  | | | But I wonder if it's higher for other people. | | | | | Yes it is. Depending on your situation, it can go up to several thousand USD a year. Worst case is if you live in a low taxing canton and you earn above the Foreign Earned Income Exclusion . The various credits/exclusions are not enough to offset your US tax liability.
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07.07.2010, 22:27
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide | Quote: | |  | | | Something I don't get - how many citizens but not US-residents actually end up owing tax in the US? This was our first year we were filing taxes outside of the US, we had to pay around $130 but I think it was mostly due to our relo expenses. I don't think we will owe next year.
Personally, having to pay that much isn't the end of the world. But I wonder if it's higher for other people.
I agree, it's a pain to file, I don't like the FBAR, but I find in the grand scheme of things, it's not that big of a deal? | | | | | I got hammered by them this year. Absolutely hammered. So yes.
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07.07.2010, 22:31
|  | Forum Veteran | | Join Date: Jun 2009 Location: Canton Geneve
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide | Quote: | |  | | | Well, when you've done a load of saving you can put your money away and move around so as not to pay tax. Either that or do the unthinkable and move to Qatar  | | | | | ?? Qatar? pourquoi?
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05.04.2011, 18:43
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide Which US-embassy close to Switzerland is known for dealing quickly and easily with expatriation/renonciation? (Bern is said to have two years waiting time). Is Berlin efficient?
is this website reliable: http://renunciationguide.com/Site-Overview.html | 
06.04.2011, 10:37
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide
And at the risk of taking the thread on a tangent, there's no legitimate reason, IMO, for someone who lives abroad and will never draw on SS etc. to file taxes when they work/live elsewhere...It's sheer madness
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06.04.2011, 13:44
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide
pure hope - or knowledge? and how do you know, the US will never look after their citizens, based on passport records (which, by the way, are available on request, e.g. if you lost your passport!).
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06.04.2011, 14:32
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide
Given the US deficit, Charles Grassley, head of finance committee wants to remove the foreign earned income credit for US citizens abroad. Given we have no representation, it is thought that this will come up during the budget discussions.
Charles Grassley, is the congressman who slipped into an unrelated bill the 2006 income tax increase for expats. It was done without any debate or knowledge until it was passed in the HIRE bill.
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29.05.2011, 23:13
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide  Some information: The US embassy in Berne writes that the next available dates for expatriation are October 2012  . They refer to a number of other embassies, among them then consulat in Frankfurt.
Frankfurt was helpful an can offer dates within about 30-40 days. | 
06.09.2011, 14:05
| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide
I'm thinking about renouncing my us citizenship. I'm looking for a lawyer in Switzerland as I want to discuss the full extent of that step. Can anyone suggest someone?
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06.09.2011, 15:24
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide | 
06.09.2011, 17:09
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide
Forget submitting your email address (it doesn't work anyway)...here is a direct link to the PDF http://www.zerohedge.com/sites/defau...tion_Guide.pdf | 
06.09.2011, 17:56
|  | Member | | Join Date: Aug 2011 Location: Over the border
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| | Re: Expatriation [giving up citizenship] for U.S. Citizens - How To Guide
Some people may want to give up US citizenship due to the country they want to live in - i.e. Germany doesn't allow dual citizenship with the US.
I read somewhere about the US government thinking about making it illegal to renounce. Anyone else happen upon that?
If you do renounce, make sure you're committed to it being final because if you ever decide to go back, you'll have to re-enter like an immigrant & get family sponsorship like my mom did - limited rights, take the citizenship exam, etc. - and you may even be rejected & your future children will certainly not have citizenship.
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