Thereby handily ignoring the rest of my comment, because you’d prefer to think of anyone who wants to renounce citizenship as a rich tax evader, rather than admit that there are plenty of reasons why someone might not want to have American citizenship, because shockhorror not everyone wants to be American, live in the US, or loves the US. Especially if they’ve never lived there or visited.
Imagine having been born in Italy during a long holiday, and for the rest of your life being forced to fill in Italian tax forms, despite working a minimum wage job and having no idea how the Italian system works and barely speaking the language. And when you try to get a loan from a American bank, they say no, because they’d have to file relevant paperwork with the Italian equivalent of the IRS.
In that example it would cost $0 to renounce citizenship…
I don’t think repeating it again is going to help you bro, either read the link or just accept you don’t get it. I do t need constant updates that you still don’t understand
Imagine a scenario where you gained Italian citizenship through an accident of birth. Your parents were on holiday, your mother went into labour a bit earlier than expected.
Is the only reason you wouldn’t want to be Italian that you want to avoid paying tax there?
But here’s the fun part, you still have to file a tax return every year! Even if you’re well under the threshold! And trying to find someone living abroad who is versed in American expatriate tax law is expensive! And I can’t afford it!!
I am hiding from the IRS and have been for 16+ years.
I’ll go with the IRS over you bud…
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
Unless you have more than $2,000,000 in assets or averaged more than $170,000 for five years, you don’t pay the tax.
Thereby handily ignoring the rest of my comment, because you’d prefer to think of anyone who wants to renounce citizenship as a rich tax evader, rather than admit that there are plenty of reasons why someone might not want to have American citizenship, because shock horror not everyone wants to be American, live in the US, or loves the US. Especially if they’ve never lived there or visited.
Imagine having been born in Italy during a long holiday, and for the rest of your life being forced to fill in Italian tax forms, despite working a minimum wage job and having no idea how the Italian system works and barely speaking the language. And when you try to get a loan from a American bank, they say no, because they’d have to file relevant paperwork with the Italian equivalent of the IRS.
In that example it would cost $0 to renounce citizenship…
I don’t think repeating it again is going to help you bro, either read the link or just accept you don’t get it. I do t need constant updates that you still don’t understand
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And I linked you the IRS website talking about how wealthy you need to be for you to pay it…
I honestly don’t know how you’re not getting this…
It can’t be that I’m not explaining it well enough, because the link isn’t making sense to you either
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
I’m sorry, I can’t help you. Try someone else.
Imagine a scenario where you gained Italian citizenship through an accident of birth. Your parents were on holiday, your mother went into labour a bit earlier than expected.
Is the only reason you wouldn’t want to be Italian that you want to avoid paying tax there?
But here’s the fun part, you still have to file a tax return every year! Even if you’re well under the threshold! And trying to find someone living abroad who is versed in American expatriate tax law is expensive! And I can’t afford it!!
I am hiding from the IRS and have been for 16+ years.