Why More Americans Are Renouncing U.S. Citizenship

http://www.npr.org/sections/paralle...more-americans-are-renouncing-u-s-citizenship

I'm born and bred in the USA. But us citizens need to understand what our country is doing to us. We need to get them to stop this non productive stuff.

 

Our tax codes are really a shame. Our government cause a non productive climate.

 

If you are going to renounce your citizenship - O.K.
If you are going to move to another country - Good Bye.

 

Read the article please.

 

yep, we need a flat tax, universal health care, tax foreign labor and foreign imports.... and of course end prohibition

and I say so what to the American tax evaders that are not being able to get bank accounts anymore

you think Romney was effected by this?


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Tell the IRS. If you move to another country, the U.S. -- unlike most countries -- doesn't say good-bye. Our IRS stalks you like a jilted teenager until you do renounce your citizenship.

By the way, it's not just our citizens that are renouncing citizenship. Corporate inversion is the kool thing on wall street — American companies are giving up their citizenship as well.



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I hope you realize
That the baby boomers are reaching retirement age
And many are moving to countries with a very low cost of living
And they can afford to live very well on their pension
And in many cases ideal weather conditions
many poor countries have small communities of people from the United States that are retired
That has been going on for many years
The increases is because there is a increase in people reaching retirement age

 

What was the pervert doing playing with her shoes anyway?



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Self-medicate if you want, Gorn, but you should refrain from posting. It's a shame you are so devoted to your lord and master that you can't discuss anything rationally.

I haven't checked lately but the law was, and might still be, that even if you renounce your citizenship and move your assets to a foreign country you still have to pay U.S. taxes. Why? Because they'll try and make you.

It will be amusing when the workers are forced onto unemployment and people with money have fled the socialist paradise and suddenly those who haven't had to pay taxes suddenly realize there is no more gravy on the train. What will the liberals do then? The liberal dream is to turn the U.S. into Detroit.

 

You can't blame people for not wanting to get screwed.

 

I don't like paying taxes, but I'm not ready to renounce my citizenship. If I die in another country, how will my family arrange my funeral?

 

Question: What happens to the Social Security benefits of a person who renounces his citizenship? Does he lose it?

 

Yes.

You lose all rights and privileges of a US citizen.
http://travel.state.gov/content/tra...aws-policies/renunciation-of-citizenship.html

 

Then I definately will stay here. Can't lose out on my Social Security after paying into it for all these years.

 

might have something to do with their being more americans than ever before in history.

 

lmao. that is the funniest post ever. and great point.

 

LOL, I have my doubts SS will still be here in 27 more years. When I would be eligible to receive it. Not without some major changes to the program. I have no desire to go live anywhere else. Even if I did I would never renounce my citizenship. Anyone that does better make sure they recieve citizenship from the other country first. If not they could he left stateless with no state offering protections to them.

 

here's the thing. it's not a simple process. and for ppl to do it shows how our laws have backed them into a corner. i'm not leaving the country either. but i understand. our government has been a hot mess for a long time.

 

I don't disagree that the govt has been overreaching for a very long time. That is the very nature of govt IMO. Some find other countries more desirable, and have ever right to go there if allowed by that country. If enough do so it might cause change. Yet since likely thousands more would take their place if allowed. I doubt it has a positive effect. Just more regulations closing loop holes in the current ones.

 

If all people made an equal contribution to this country, you might be right. Replacing folks who build industries and businesses with folks looking for others to tell them how to make minimum wage... well, I agree it's doubtful the effect will be positive.



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When did that change? I didn't pay a cent in taxes to the US for two years while living in Japan from 2003 to 2005.

 

It's nothing new. If you're a U.S. citizen and you failed to report and pay income tax on the money you made while working in Japan, you broke the law.



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so would Romney be breaking the law if he did not claim his interest as income in foreign banks?

 

Yes.


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I filed both years, showing evidence that I paid taxes to Japan, and paid nothing to the US.