return2ozmaRich Americans are getting second passports, citing risk of instability
Jo MiranThere’s no downside if you can do it and extreme wealth is only a requirement if some of the many offers don’t apply to you. Spain was basically giving away citizenship a few years back. Bulgaria is pretty open.
bdonvrThere is a downside to US Citizenship for some though, as one of the only countries on earth yo demand you pay taxes on income earned outside the country
Billiamdemand you pay taxes on income earned outside the country
Good thing the super wealthy don’t have legally-defined income to be taxed!
…No, wait. Not good. The opposite of good.
FEIE has an exclusion limit. But then again, this is about rich people.
True, but iirc also some banks outside the US refuse to open an account for you if you’re a US citizen due to some weird compliance rules that the US requires