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Americans Abroad

riverbendviewgal

(4,337 posts)

2. Imagine this for your experience

Reply to Historic NY (Reply #1)

Mon Sep 8, 2014, 03:44 PM

Sep 2014

your parents are studying or working in another country. You are born. They move back to the US states when you are a baby but you are a citizen of where you were born. forever Unless you renounce. You must file tax returns from that country .for 6 years and file a report of all you bank accounts.. and pay an exit tax of $2,350. plus a tax on your assets, including your home to the USA.

You never lived anywhere else but the USA since you moved back as a baby. You must pay taxes in the USA and the other country where you were born.. That is double taxation.

Would you like that? Would you say okay?

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Highlight:

Renouncing U.S. citizenship is about to get a lot more expensive [View all] riverbendviewgal Sep 2014 OP

Why should the taxpayers subsidized the fee that now is being paid... Historic NY Sep 2014 #1

Imagine this for your experience riverbendviewgal Sep 2014 #2