That’s true up until that X thousand mark. There is a limit on the foreign tax credit the US provides. So you pay no taxes to the US up until a certain income figure, then you pay essentially double taxes (US and where you actually live).
Does that matter if you’ve already cut all other ties and live somewhere else? I mean, actually paying the taxes seems like more of an active choice if you’re living in a different jurisdiction, isn’t it?
Extradition is a thing and no matter how much I hate what the rich have made America, I still would prefer to settle our debts. I lived there, I was raised there, I owe them my taxes like a good citizen - but now that I’m gone if I ever get close to having to pay taxes to them again I will remove my citizenship. They no longer provide me any services, in fact I’d argue they hurt me now more than they help me, and I want to become an EU citizen first and foremost.
I’ve always viewed countries as businesses which one should leave when their service and product is bad.
You still need a valid passport, and for becoming Citizen often further documents like birth certificates and certificates of the parents, no older than x-months and with an approval-stamp by the embassy, that these are indeed real documents.
How so?
If you make over X thousand dollars you have to pay taxes on it to the US even if you don’t live there. The value is something like 160k.
isn’t it only the difference above what you’re taxed in your country and what the US would tax?
and since the US tax rate is one of the lowest in the world, it almost never applies
i think it’s covered by the foreign tax credit
That’s true up until that X thousand mark. There is a limit on the foreign tax credit the US provides. So you pay no taxes to the US up until a certain income figure, then you pay essentially double taxes (US and where you actually live).
Don’t worry you won’t make 160k in Sweden :(
Does that matter if you’ve already cut all other ties and live somewhere else? I mean, actually paying the taxes seems like more of an active choice if you’re living in a different jurisdiction, isn’t it?
Extradition is a thing and no matter how much I hate what the rich have made America, I still would prefer to settle our debts. I lived there, I was raised there, I owe them my taxes like a good citizen - but now that I’m gone if I ever get close to having to pay taxes to them again I will remove my citizenship. They no longer provide me any services, in fact I’d argue they hurt me now more than they help me, and I want to become an EU citizen first and foremost.
I’ve always viewed countries as businesses which one should leave when their service and product is bad.
You still need a valid passport, and for becoming Citizen often further documents like birth certificates and certificates of the parents, no older than x-months and with an approval-stamp by the embassy, that these are indeed real documents.