Comment Re: Double Irish? TAX ALL FOREIGNERS!!! (Score 1) 825
If the cost of renunciation is too big for you to contemplate it, then by definition having a US citizenship is worth more than the rather low cost of renunciation. If $2000 is all that is keeping you from renouncing the citizenship, then you are obviously not that much worse off for having to pay taxes on your earnings abroad.
The USA is one country that does go out of its way to protect its citizens abroad, probably to the point of pissing off a lot of other countries, and that costs money. If you would rather not have that, then renounce.
Besides, I am sure there are arrangements to ensure that you don't pay more tax than you would if you were living and working in America e.g. due to the use of tax credits.