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Forum » Any ever considered denouncing their citizenship?
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Thread: Any ever considered denouncing their citizenship?

post 1632830963 03-03-2021, 09:40 AM
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  1. latverian41
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Any ever considered denouncing their citizenship?

If so what country would you like to get a look at. Assuming of course you have a nice bank account to make it all possible
"it takes a wise man to know when he is in error and a noble man to admit to it"
post 1632832053 03-03-2021, 09:53 AM
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  1. jasticus
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Yes but none are better and sure it would make life hell. Best bet is usa as entire globe goes into slavery
post 1632833913 03-03-2021, 10:20 AM
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  1. alphagorilla
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Originally Posted By SuperHercules⏩
Residency gives me all the rights I need so it's not necessary

All I need is the right to stay as long as I want and conduct business in a country. I couldn't care less about much else
The whole point of denouncing your citizenship is to go to a tax friendly country like St. Lucia or Dominica, and not have to pay state side taxes.

As a resident, you’re still paying taxes on world wide income.

So if you’re in theory a dual citizen or citizenship/ resident of here and there, you’re paying income tax in the USA.

Now if you denounce USA, you don’t pay.(but now there is a “leaving US taxes”, Uncle Sam hits you with the door nob on the way out)

Just lol if you even consider this and make low six figures. You need to making at least a million
Brazilian Crew [<O>]
Keto(since 11/11/2011)
post 1632834653 03-03-2021, 10:29 AM
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#4
  1. Shortfuze
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You mean "renouncing". That's when you give up your citizenship. Denounce means to call attention to something you think is wrong or terrible.
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post 1632835163 03-03-2021, 10:36 AM
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  1. keyboardworkout
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I remember being warned that if I played war with them I would run the risk of mine being revoked.

It's good to have a spare. You don't want to end up a citizen of no nation. You'll be in worse shape than the southern border crossers.
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post 1632835273 03-03-2021, 10:37 AM
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  1. badbl00d
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why would you ever renounce your citzenship? You know you can become a dual citizen and not give up any of the rights of your country of birth, right?

I'm a dual citizen of the US and Canada. The Dept of homeland security doesn't even honor my Canadian citizenship, and my American citizenship trumps all.
No man is your friend
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Every man is your teacher

Black Crew
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post 1632835323 03-03-2021, 10:38 AM
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  1. keyboardworkout
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Originally Posted By badbl00d⏩
why would you ever renounce your citzenship? You know you can become a dual citizen and not give up any of the rights of your country of birth, right?
Tax reasons
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post 1632835683 03-03-2021, 10:44 AM
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  1. badbl00d
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Originally Posted By keyboardworkout⏩
Tax reasons
Foreign earned income tax exemption. Or move to a country where the US has a no double taxation treaty...Like Canada for instance. It isn't worth giving up the citizenship of your home/birth country.
No man is your friend
No man is your enemy
Every man is your teacher

Black Crew
Lol @ Tradies Srs
AP4 crew
post 1632837823 03-03-2021, 11:10 AM
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  1. DieselZ
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Ya only us Canada bruhs know what it’s like to currently not being able to leave your country on free will.
You USA bruhs are absolutely looney if you’re not moving to Texas Florida goat states where a person can still FEEL free.
I rep back

255 lbs. --Dead Lift 450 --Squat 350 --Bench 275
post 1632838543 03-03-2021, 11:16 AM
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  1. gmenfan40
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What would happen if you renounce your citizenship and have no other citizenship? Do they just toss you in the ocean?
post 1632838863 03-03-2021, 11:22 AM
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  1. KingNothing95
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Some eastern European country, Budapest looks amazing
Nothing I post is serious.
Not srs
Semi srs
post 1632839593 03-03-2021, 11:28 AM
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#12
  1. MilkforBrains
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I only have one, could have two but they'd probably revoke it if they knew how I felt about the phucks.
post 1632846513 03-03-2021, 12:40 PM
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#13
  1. keyboardworkout
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Originally Posted By gmenfan40⏩
What would happen if you renounce your citizenship and have no other citizenship? Do they just toss you in the ocean?
Most countries will deny you entry and you will be unable to travel.
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post 1632847153 03-03-2021, 12:45 PM
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  1. DoYouEvenNEM
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My nationality allows perpetual nomad and tax emigration. So not much reason for me to give it up.
post 1632848383 03-03-2021, 12:59 PM
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  1. FingerFood
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Dual citizenship is nice, but renouncing makes me a viable drone target.
post 1632848663 03-03-2021, 01:02 PM
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  1. doughnutking
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If I was Latverian41 and not myself I'd probably just get in my car, put on some Christopher Cross, and head to the border of Mexico.

post 1632848863 03-03-2021, 01:05 PM
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  1. ErnieMccracken
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Just looking for my wealthy swiss miss to marry. Any day now...
post 1632849193 03-03-2021, 01:08 PM
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  1. denrocks1
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It's a pretty dumb idea because the only benefit is that you wouldn't have to file taxes every year when are earning money outside the country (and filing doesn't even mean that you'd owe anything). If you ever want to return you'd be subjected to the normal tourist limitations of 90 days or whatever it is. Even worse if your other passport doesn't allow visa free travel to the US since they could just deny your visa.

Not to mention the cost of renouncing, the potential exit tax, and the chance of losing benefits like social security (which maybe wouldn't be much, but why give it up?)
post 1632851823 03-03-2021, 01:40 PM
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  1. LurkoLantern
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I think congress introduced some kind of exit tax after that ******** guy famously renounced his citizenship (he avoided a $400M tax bill by doing so, incidentally). But there was more to his story than just that - he moved to Singapore with his harvard gf who was from there.
All in all, for 99.999999% of the time it's not worthwhile. If you made something like crypto gains, you can always move to Puerto Rico and live there for 6 months in order to establish residency. You then get to avoid federal taxes while still maintaining your citizenship
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