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As the article says, the only reason to renounce US citizenship is to get out of paying taxes, and Beautiful Without Me B A E Best Accountant Ever Shirt you can make $105,900 a year working overseas and pay zero tax, so the only people renouncing are making a lot more than that. The $2350 is just a last bite before they go, I guess. A lot of it is the banking difficulties. Most foreign banks won’t open accounts for American ex-pats because the reporting requirements are so onerous. Filing tax returns as an ex-pat is another annual expense as well since you need a proper CPA experienced in the procedure. I live in the USVI and filing taxes here is insane in its own right. There are several countries as well which require you to renounce all other citizenship as a condition of their citizenship. Depends. There are essentially only three things to do here: go to work, go to the beach, or get fucked up. Most folks opt to do 2 or even 3 of those simultaneously. It’s a great place to die if you have a substance abuse problem as well. I have healthcare and money covered. Booze and cigarettes are about Beautiful Without Me B A E Best Accountant Ever Shirt the only cheap things here. Also, those were the 2nd shipment of supplies after the hurricanes.
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