Comment Re:Over 18 (Score 2) 632
Nothing you say says that Mr Saverin has gotten away from his US tax liability. Only by renouncing citizenship can one end the tax liability, and even that continues for some years (10 I think) after the renouncement.
I am a US citizen living in a foreign country, and I do indeed file two tax returns every year. I have no intent ever to renounce US citizenship. Even with all its bumps and warts, US citizenship is still my birthright, and something I cherish.
The US tax rules allow for lots of deductions, exemptions, credits, etc - so sometimes my tax bill is zero. My country of residence taxes pretty much anything it can see. What I especially don't like is that it taxes the UNREALIZED gain on my US retirement funds each year. It does not tax US Social Security retirement benefits, however.
I am a US citizen living in a foreign country, and I do indeed file two tax returns every year. I have no intent ever to renounce US citizenship. Even with all its bumps and warts, US citizenship is still my birthright, and something I cherish.
The US tax rules allow for lots of deductions, exemptions, credits, etc - so sometimes my tax bill is zero. My country of residence taxes pretty much anything it can see. What I especially don't like is that it taxes the UNREALIZED gain on my US retirement funds each year. It does not tax US Social Security retirement benefits, however.