/biz/ - Business & Finance

>>18445097
Why do you insist on being an American citizen if you do not live there?

>>18445097
>muh land of the freedums
you belong to us government, peasant

>>18445121
Based retard

>>18445097
As an American, you can live and work all around the world on military bases as a civilian or contractor with tax-free status, while also enjoying the local host nations without paying their outrageous taxes. Not to mention making 3x, sometimes 10x, the average salary of those local nationals. Great way to take advantage of cheap cost of living and at the same time not have to put up with the misery of living in the USA.

Can't think of another citizenship with that level of basedness. Must suck to not own 1/3rd of the world I guess.

>>18445097
Foreign tax exclusion dumb fuck

>>18445097
That's how it works in most countries, but usually you don't have to pay, you just have to repoert how much you made how much taxes you paid in that other country and that's it.

Look up tax residency rules. usually you need to spend a certain amount of time outside your country and not have your 'center of life and personal interests' there to not be ogligated to report your earnings from other countries

people always like to make fun of eachother here telling others how fiscally cucked they are but most countries have very similar rules, especially when it comes to ta agencies/banking, etc fiscally it's been basicly globalization for many years now

who would choose to live outside the US lol

>>18446788
as far as im aware only america and one other country in the world operate the way OP said

>>18446788
Then why is it necessary for those who expatriate for tax purposes to renounce their citizenship?

>>18446799
>who would choose to live outside the US lol

The west has been losing its technological and creative edge to the rest of the world for a long time now.

>>18446987
>city built by slaves
>can't even drink alcohol there
No thanks

>>18446788

You have absolutely no idea what you're talking about. Only the US expects taxes from US citizens living outside of the country, no matter how long they do that for.

The only way you get out of that is by renouncing US citizenship, which costs $2300 and isn't an easy process either.

Land of the free.

>>18447003
And there are people living there who would call most US cities shitholes.

>>18446788
>certain amount of time
yeah 6 months in the current tax year lol

most countries have treaties with each other to avoid dual taxation. you only need to report income in the country you're residing in the given tax year.

>>18446987
>picture of city designed by westerners and built by slaves
Real think maker

>>18445097
Its exepempted 100% up to 115k and you're better off paying it because you can cash out big time when you get back to the US and file for the maximum social security disability benefit.

>>18447208
>picture of city designed by westerners and built by slaves

That's how great cities have been made since time immemorial. Keep coping because Saudis can keep their streets clean without being called racists and you can lmao

>>18446788
>>18447194
that said, being american has tons of benefits.
for one, there aren't tens of thousands of NSA agents who can remote desktop into your pc anytime and sniff around, stealing your trading algos in case you make it

>>18447145
so you want to tell me that if you work let's say in germany and paid your taxes there then you have to pay taxes again in america basicly paying twice us much in total? I'm calling bs, there are treaties preventing double taxation, at worst they may want the difference between how much taxes you'd owe for that income in both countries if it were more in the US

>>18447801

>>18448102

>>18446987
Dubai is a shithole and a terrible example. You probably think wading through a sea of prostitution advertisement business cards every time you step outside is somehow novel though.

mutts are slaves

>>18448191
In America your house is not capital gains exempt?
Lmao

>>18448292
They mostly think they're free just because they have good gun rights, but its irrelevant because they are all too pussy to actually ever use said rights for their original purpose.

>>18448644
>they are all too pussy to actually ever use said rights for their original purpose.

not true, school shootings happen on the daily

>>18449461
yeah but the guys who shoot up schools are delusional autists. they're not fighting for anyone's rights, not even their own

>>18445097
The price of freedom.

/clap

I'm in this position. I just don't pay. They can't do anything about it unless I fly to USA.

>>18445363
>and at the same time not have to put up with the misery of living in the USA.
>the misery of living in the USA.

Can you elaborate?

>>18445097
Is literally the biggest con for any foreigner should consider before thinking of going there. Foreigners are honesty better off with a Canadian citizenship or some European country that won't bug you for having double citizenship (i.e. Germany).

>>18445097
Believe you me, I think about leaving this place every day.

>>18445097
Since other Americans are here maybe they can chime in. Has anybody had to cut back on tipping their landlord? I used to go with a 20% tip, but have had to cut back to 5% and I feel kind of bad...

>>18447177
How's the sewer system there? I like to know where my shit goes and I don't like it when it has to be trucked out, just doesn't seem right.

>>18448191
the IRS has no legal authority to demand shit, They were illegally ratified into law and are not a part of the Government.

the entire population on earth even without birth certificates born on seas skies and in space MUST comply to FATCA

>>18450598
NOOOOOOOOOO!!!!! I WORKED ALL MY LIFE SO I COULD SCAM YOU OF YOUR WEALTH NOOOOOOOO!!!!!!! YOUR TOO ENTITLED!!!

>>18447801
Yes, US is built for modern slavery.

>>18449497
>"freedom"

What freedom you are getting that I am not?

>>18445363
Noice. How do you find these jobs? I'm an electronics tech for a Subway system in California.

>>18445363
This is my life basically. I live in India and make USD money working as a white monkey for major tech companies here. All I do is interface with Europeans when they come for business meetings.

"Yeah man, India is pretty great if you know the right people"
> orders more women

Oh and before you ask, I shill PNK every chance I get too

>>18445097
This is why I've been all in XMR since $1, and will never work again after UND moons post main net.

>>18445363
I hope you're enjoying that quality water and soulless grey sky over in Kuwait

>>18446788
Not true, I have dual citizenship with Germany and the US, I don't pay a single dollar to Germany, but if I worked in Germany I'd still have to pay federal taxes to the US.

>>18446987
https://youtu.be/yhrIUOxp_8M

Imagine what would happen if people stopped buying their oil.

>>18445097
don't forget Eritrea, based citizenship-based taxation!

>>18446788
>That's how it works in most countries
BAHAHAHHAHHAHA

>>18452156
B A S E D SIR

>>18446987
Would like to visit just to see the Gold Souk. Imagine dressing up your servant bitches in garb like this. Worried they might run? That's what the implanted chip is for silly.

>>18454682
Forgot the pic cuz it's my Saturday and I'm boozed. Shame you can't drink over there tho.

>>18445097
lmao remember when the surgeon general said masks dont work. i sure am happy about paying taxes to a government that blatantly lies to me about life or death issues. just kidding.