One key problem has 1 in 4 expats 'seriously considering' or 'planning' to renounce-

06-18-2022 • https://www.cnbc.com Kate Dore

The top reason why expats want to dump their U.S. citizenship is the burden of filing U.S. taxes.

Some 77% of expats don't think they should have to pay U.S. taxes while living abroad.

While many filers dread tax season, Americans living abroad face even bigger yearly burdens — and those are frustrating enough that some want to ditch their U.S. citizenship.

Roughly 1 in 4 American expatriates is "seriously considering" or "planning" to renounce their U.S. citizenship, according to a survey from Greenback Expat Tax Services.

The burden of filing U.S. taxes is the top reason expats want to ditch U.S. citizenship, according to the survey, which polled 3,200 American expats living in 121 countries.

1 Comments in Response to One key problem has 1 in 4 expats 'seriously considering' or 'planning' to renounce-

Comment by PureTrust

Entered on: 6/19/2022 8:47:11 AM

Rather than getting rid of your US citizenship by renouncing it, convert it to State citizenship like this - http://coppermoonshinestills.com/id71.html. Gets rid of US citizenship with all the advantages of remaining in America. No more income taxes, because as a State citizen, you only pay State income taxes, except that you can't, because they are based on your Federal tax returns, which you can avoid, legally, if you are not a US citizen. A former AZBC president, G. K., has been promoting this idea for ages.

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