I wish the title of the article better reflected the real point - explained in the article itself - instead of saying "escape tax rules", with all the implications<p>The fact is, more and more of us with solid middle-class incomes and perfectly normal lives are becoming increasingly concerned about laws that are poorly explained and advertised to us, but with huge potential penalties if we go unaware of them. These are exclusive to people living in other countries - if they imposed some of these on non-expatriates, there would be a riot.<p>It is becoming a very stressful burden.
>"U.S. citizenship is the most coveted citizenship in the world. To give it up, it has to be pretty serious,"<p>It's pretty serious to give up your birth citizenship no matter where you're from. But, as someone with American citizenship, this doesn't ring particularly true for me. There are a number of passports I would trade, today, right now, for the one I currently hold. Anyone claiming American citizenship is the most coveted in the world is saying a lot more about themselves than they are the US.
The US needs to adopt a residency based tax system like the rest of the world.<p>This would solve so many problems.<p>The main issue why this remains a problem is that Congress doesn't care about American citizens who live abroad. Congress knows they can abuse Americans who will never comprise a large enough portion of any district for their votes to really matter. This is why people are actually renouncing. They have no other practical solution or representation.
Why does WSJ (and NYT) add extra words to make headlines more awkward?<p>Is WSJ really trying to argue that expats are dodging tax <i>rules</i>, not <i>taxes</i>?
isaacbrocksociety.ca<p>This link needs to be here. If you're an American abroad suffering similar treatment, you can find support with these people who are in the same situation. They are trying to help end the US's unfair CBT citizenship based taxation and switch to RBT residency based taxation like the rest of the world already uses.