Spyke
Lemminaryreply
lemmy.world

TAX & MILITARY OBLIGATIONS
Persons who wish to take the oath of renunciation under INA 349(a)(5) or who are requesting a Certificate of Loss of Nationality under INA 349(a)(1)-(4) should be aware that if the Department issues of a Certificate of Loss of Nationality in the person’s name (reflecting the official determination of loss of U.S. nationality) the former U.S. citizen’s U.S. tax or military service obligations may remain unchanged (contact the Internal Revenue Service or U.S. Selective Service for more information).

L M F A O

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lemmy.world

I'm pretty sure that's supposed to mean that they don't assess any new liabilities or obligations, but you can't get out of anything they've already assessed by relinquishing citizenship.

28

Yeah, most likely. Although it does sound as if the ol' ball & chain could be attached indefinitely on first read. I imagined sliding something to that effect in a joint contract and have my ex-roommate come in to do my laundry every week after leaving according to the vague print. lol

14
Wilcoreply

This is exactly what it is. You don't get out of paying just by relinquishing citizenship.

3
Shezzagradreply
lemmy.ml

Why is it Americans still need to get taxed and drafted even outside their home nation. Nobody else does that

3

For taxes: initially it was because business owners were renouncing their citizenship as a way to avoid income and capital gains taxes, as well as estate taxes. Once that was done though then the feds realized they could squeeze everyone.

For the draft: during the Vietnam War people would flee to other countries (usually Canada) and renounce their US citizenship, even if they didn't obtain citizenship elsewhere. Becoming a stateless person was (correctly) seen as less of a death sentence than being sent to Vietnam.

2
infosec.pub

I knew inflation was high but wow. The economy has really gone to shit.

11

I go to IHOP and slip a cook $5 just to open the back door and let me take nose hits.

4
lemmy.world

This is unironically something I would consider. I would sell me and my family’s citizenship for 20 mil and go live either in Mexico or Spain. I have family in both of those so it would be nice to see them more often.

41

I was going to say, they want to be the ones who choose who can enter...

and who can leave...

3

Fuck yeah. 2 million is the amount I need to live a comfortable life off the interest. 20 million gives me 800k a year in distributions to safely maintain the fund. We'd live like damn hell ass kings!

3
lemmy.world

I’d suspect the five million ain’t going to be worth much after Trump is done.

30

Wish granted. Someone bought your citizenship. You have 30 minutes to vacate the country.

Funds unfortunately were funneled into Trump slush fund presidential library fund so you won't get a penny. Sorry about that

22

The UK will give you free citizenship if you're considered very useful. A friend of mine is an epidemiologist, and they almost literally threw British citizenship at her. She said that nobody at the group ceremony spoke English.

6

The joke of the post was the government paying you 5,000,000 for your U.S. citizenship. So you'd have over 4 million U.S. dollars left after doing such a trade and paying 600,000 euros for a citizenship somewhere. I forget the conversion right now. You'd still be set for life.

3

With $5 million dollars I assume I'd be able to get a visa and then citizenship almost anywhere. Can't find a job within 90 days? Damn, maybe just start a business. What do you do? For me I'd go IT consultant company, and put my annual pay as the minimum wage required to maintain a citizenship. I could buy an office, a house, pay myself $50,000 a year for 20 years and still have 3 million left likely. Not to mention if you actually make any money. Could be anything really. Marketing, bakery, street food vendor. I'm sure you can make it work with 5m.

You can stick the 3 million in a 5% interest savings and make $150,000 a year to live off of. Living off 200k a year and never touching your principle I would hopefully be able to make work in most of the world.

6

When I was a kid, I was somewhat envious of Tom Hanks' character in The Terminal. Rewatching it as an adult hits different after spending a lot more time in airports since then.

4
edricreply

Try to get stuck at Changi airport at least.

3

I don’t think he has that authority, but he’d do it anyway. Except he wouldn’t, because fuck you.

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lemmy.one

If this was plausible, you would never receive real money, and likely a dogshit Trump crypto coin that no rational ledger or bank would honor.

They would pay you "$5 million" Trump-Bucks and in reality it would be worth a pathetically impossibly impotent microscopic amount of real legal tender.

And then they would tell you to fuck off in the most publicly rude method possible to dog whistle to their racist bigoted MAGA base.

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Doubt. If anyone is gonna profit off of his half baked idea then it'll be him, no one else

8
lemmy.world

Send me back to the homeland of.... Scotland? Germany? Finland would be ok

8
lemmy.world

Canada, England, Australia, the moon.

Any of these are better than here.

7

I'd say Mars, but.. well, I'm just going to go ahead and guess that Elon has a slave colony self-building there somewhere as we speak.

4

How long does it take to become a US citizen? That determines how often you can sell your citizenship and restart the process. Imagine getting 5 million every year or two.

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lemm.ee

Naturalized citizen here originally from Poland. It took 6 years waiting to be eligible to apply for green card, another 2 to actually get a green card, then another 5 years of living in the states to be able to apply for citizenship. So total of 13 years. Granted Poland was in a different political climate 25 years ago and it was difficult to ever get into the US so it really depends on “country of origin”.

4

If you run the citizenship cycle every 13 years, and you get paid 5 million every time, that's still about 32 k$ per month, which is not bad. It takes a very long time, but it should be worth it.

4

My wife and I wondered why they just don't offer people a million per household member to leave the country. Maybe help with citizenship paperwork to other countries.

5

If that happens, I will sell my citizenship and give you a hundred thousand dollars of it.

4
lemmy.ml

Rich foreigners can already get an EB-5 greencard if they invest 500K.

2

800K. I think you're thinking of E2, which has no path to permanent residency.

2
lemm.ee

What's the lowest you can go on this American Citizenship ?

2

You should try to make counteroffer to trump and advertise American citizenship starting from 2M

2