This is also false. You can’t just renounce your citizenship if you want to. To renounce US citizenship you must submit an application and appear in person for affirmation. They will not approve your application if you don’t have a second passport or citizenship somewhere else. They aren’t going to just make stateless people.
Then you probably know how prohibitively expensive it can be, especially if you want access to developed nations like in Europe. So this isn’t even an option for the vast majority of American citizens. I know you’re not responding in good faith so I’ll just drop it.
How so? Income taxes are only paid in the country of residence.
This is completely false. US citizens must file taxes and are liable for income taxes no matter where they live.
https://www.irs.gov/individuals/international-taxpayers/us-citizens-and-residents-abroad-filing-requirements
Edit: I also know this because I recently filed my US taxes from my full-time residence in Germany.
This is not “completely false”, this is “almost entirely correct”.
I am aware of that fact, but this is just a single country. Also you can renounce your citizenship.
This is also false. You can’t just renounce your citizenship if you want to. To renounce US citizenship you must submit an application and appear in person for affirmation. They will not approve your application if you don’t have a second passport or citizenship somewhere else. They aren’t going to just make stateless people.
Well no shit, but you can buy citizenship. It is not difficult.
Then you probably know how prohibitively expensive it can be, especially if you want access to developed nations like in Europe. So this isn’t even an option for the vast majority of American citizens. I know you’re not responding in good faith so I’ll just drop it.
We are talking about rich people leaving the country by the way.