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That's like handing out the condom that was used by your country to f--k you in the a-- for your entire life.
Hard pass.
Ive had so many arguments with my mother where she just can't wrap her mind around the fact that someone might not want american citizenship. She always says the dumbest phrase too: "american citizenship is worth too much money to pass up".
Right, cause I'd love to pay the US taxes when I don't even live in the country.
do you have to pay them? I thought it was just that you had to file them, which afaik doesn't include paying them.
Yes the taxes work exactly the same whether you live in America or not. They have a cutoff level where if you are below that income you don't have to file.
They also claim you can receive a tax refund for overpayment like a lot of americans do, but I believe that would only happen if you actually overpay your taxes somehow prior to filling out the tax form.
i assume it accounts for where that income is made? Or does it just apply to all income period, such that you have to pay federal taxes on money made somewhere else, obviously i don't think you can file state taxes, since you don't live in a state. But idk about that one.
Any money an american citizen makes is taxed, no matter where it comes from. I'm sure theres loopholes and exceptions for wealthier folk but yeah its a rough pill to swallow for those living abroad who want to keep citizenship.
hmm, seems like it's not a done deal explicitly
https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit
fascinating. I guess that's just a citizenship trolling thing.
Yeah it varies widely from person to person but it seems the average consensus is you at least have to file and at most you have to pay america and the country you work in both.
You also have to make America aware of any assets you have over 10k. Not really the same but I consider it odd behavior if you don't live in that country.
perhaps this is relatively normal among dual citizenship? I don't actually know much about that, but people don't generally have the most flexible citizenship arrangements, otherwise you would expect to see people with like 10 different citizenships lol.
From what ive read there are two countries that do this, and I'm not even joking the second country is one ive only heard the name of twice and I can't remember it.
I'm sure theres gotta be some close examples but apparently america stands relatively alone in some important ways.
there's definitely gotta be some examples of this outside of the US.
Though western europe is probably unique for the simple reason that it has to be highly comingled with other countries, due to the EU. So that probably doesn't count. IDK fuck shit about the middle east/asia, and africa tho.
one mans trash is another mans treasure