You explicitly clarified this morning that the subject of this thread is renouncing your citizenship for financial advantage:
I couldn't post the whole Q&A since it's long, but I left out the part where he renounced his US citizenship (which is the subject of this thread). If you renounce your citizenship to the US, you do NOT pay taxes to the US anymore. You may be an expat, but if you're still paying US taxes it's because you kept your citizenship.
Financial advantage? LOL, yeah...I'm a millionaire seeking a tax shelter! I've been holding out on you guys, sorry. I was referring to HIM and OTHERS renouncing, not me. I wish I had that kind of money. But unless you and your wife plan to make over $150,000 a year overseas, there is no financial advantage to renouncing citizenship, and even then, it really doesn't kick in until you make BIG money.
But wait a minute....you just got done saying I'm depressed over Obama's presidency and that's why I'm renouncing, and now you're saying I'm doing it for financial reasons that don't even benefit me? Make up your mind. Which is it? You still didn't tell me what phase we're in. We secured citizenship abroad. The only reason I went through the trouble is because the Obama haters and tea baggers inspired me, right?
pod wrote:Renouncing your citizenship for any nation is almost the definition of unpatriotic. What you're saying by doing that is basically that you reject the notions and ideals of the country you are a citizen of. You're unpatriotic with regards to that country.
Or you might be rejecting the notions and ideals of the government you were being ruled by. The government is not the country, is it?