Countries Wihout Extradition/ Dual Citizenship

[denverd0n]

Originally Posted by Jammer Six

I know dozens, if not hundreds of people with dual citizenship.

Yeah, so do I. So what? You don't really think that is any kind of proof that "dual citizenship is everywhere," do you? Because, as has been quite clearly explained, it is not.

[Jammer Six]

Tell you what: I think it's everywhere, because I see it everywhere.

You see it everywhere, and think that means it's not everywhere.

I can live with that state of affairs.

[goboatingnow]

you're going to LOVE the French ones!

Well the US ones are just hassle, the french ones on the other hand are Byzantine in nature, the resolving grace is that unlike the US, where no one will turn a blind eye, in france its a way of life !!. ( you just have to live with the ambiguities ) !!!!


dave

[RainDog]

Originally Posted by BandB

If someone has $1 million today, then they had income of $1.655 million that they paid taxes of $655,000 initially. Above a threshold the US estate tax rate is 35%. So ultimately that would leave $650,000 out of what started as $1,655,000 and that specific million dollars would have been taxed at a rate of over 60%

There is no estate tax on estates of $1 million, so the estate tax would be $0. As to the original tax, it is very unlikely anyone would ever pay anywhere near the tax rate you list. Even if they made the money in one year. Effective tax rate for people making $1M a year is 23%. I you make 250K per year, it is 13% (Chart of the Day: Effective Tax Rates by Income Category | Tax Foundation). So most likely the person saving that one million started with 1.15 million or less, and their children will inherit the full million.

[weavis]

I have 3 citizenships/2 passports. (Physically) Didnt take U.S. citizenship because they require me to drop others. All 3 others would have given me my passports back, although Britain can be sticky if it suits them.

Countries I know personally that renewed passports to people becoming US citizens.

• Greece
• Italy
• Argentina
• Brazil
• Ireland
• U.K.
• France
• Australia
• Belgium
• China
• Hong Kong
• Japan
• Poland
• Russia

[StuM]

Originally Posted by Jammer Six

Tell you what: I think it's everywhere, because I see it everywhere.

You see it everywhere, and think that means it's not everywhere.

I can live with that state of affairs.

And you think all swans are white - because you have never seen a black one.

You think it's everywhere, because you see it everywhere that you have been.
I see places where it is not, and know that means it's not everywhere.

[Jammer Six]

I see. You're trying to prove a negative.

If I had realized that in the beginning, I would have saved us the time.

Have a nice day.

[goboatingnow]

Originally Posted by weavis

I have 3 citizenships/2 passports. (Physically) Didnt take U.S. citizenship because they require me to drop others. All 3 others would have given me my passports back, although Britain can be sticky if it suits them.

Countries I know personally that renewed passports to people becoming US citizens.

• Greece
• Italy
• Argentina
• Brazil
• Ireland
• U.K.
• France
• Australia
• Belgium
• China
• Hong Kong
• Japan
• Poland
• Russia

Yes for example , because I have relatives, Ireland and the US have dual citizenship agreements. An irish citizen may become a naturalised US citizen and still retain an irish citizenship

There was a comment made that when you naturalise in the US you must renounce your previous citizenship. That in fact is erroneous. The US has dual citizenship agreements with many countries ( and has no such agreements with many other)

see here for a non exhaustive list

Dual Citizenship - Countries that allow or don't allow dual citizenship with the United States

[oldragbaggers]

This thread has been informative and highly entertaining.

[ksuberk]

Apply for Costa Rican citizenship. Coast Rica may ask you to tell Costa Rica that you renounce US citizenship. You'll be the only one that knows that you didn't tell Uncle Sam too.

[goboatingnow]

Originally Posted by ksuberk

Apply for Costa Rican citizenship. Coast Rica may ask you to tell Costa Rica that you renounce US citizenship. You'll be the only one that knows that you didn't tell Uncle Sam too.

Costa Rica has a dual citizenship agreement with the US , theres no reason to renounce anything

dave

[dpddj]

I have a friend who owns undeveloped property in Costa Rica. His domestic situation has changed and he is bugging me to buy it. Still thinking about that. A while ago I dug into it and found this:
Moving to Costa Rica - A checklist | Moving Suggestions | Tips

In December, while traveling through the Minneapolis airport, going through the grope line, I was trading frustration with another businessman. He was retiring within a year and moving to a place he had done a lot of research on and intended to be an permanent ex-pat. Fed up with the downward spiral the USA has become, as I am also. Bugger would not share that destination - too worried too many others would move there.

[s/v Jedi]

Originally Posted by dpddj

I have a friend who owns undeveloped property in Costa Rica. His domestic situation has changed and he is bugging me to buy it. Still thinking about that. A while ago I dug into it and found this:
Moving to Costa Rica - A checklist | Moving Suggestions | Tips

In December, while traveling through the Minneapolis airport, going through the grope line, I was trading frustration with another businessman. He was retiring within a year and moving to a place he had done a lot of research on and intended to be an permanent ex-pat. Fed up with the downward spiral the USA has become, as I am also. Bugger would not share that destination - too worried too many others would move there.

Costa Rica is passé. It's now Boquette in Panama. It's getting full though, not many more fit in there so they've started developing neighboring villages :-s

[GordMay]

Originally Posted by BobnCamie

Don't know much about this, but when we were looking at buying a business in Canada, we were told there is no "dual citizenship" allowed anymore...

Canadian and American law permits dual or multiple citizenships: you can be a citizen of another country and still be recognized as Canadian/American.
➥ Dual Citizenship: What You Need to Know - Travel.gc.ca
➥ Dual Nationality

[campuscab]

I know some "Contract Security" guys that have made tons of money out of the US. They all talked about retirement out of the country. Some were concerned about extradition for various reasons that I never asked. I looked at other countries because of typical b.s.. Tired of chasing the dream and not getting close. Driving a taxi I meet people from all over the world. Of my friends Costa Rica was high on their list. Especially the ones with kids. The single guys looked at Belize. (The said no extradition but if the IRS can seize assets then they are in for a shock.
The problem is most of these guys were single and had over a million in the bank.
The one I thought was the smartest made over 350 a year and bought 80 acres in Costa Rica. He was building a house and was going to retire at 28. Then he married a girl from the middle east and she cleaned out his bank account. So he is broke back in the states and has a US girlfriend now. Another one same story. His wife left him for a 21 yo and took the cash with her. I worked with these guys During Katrina. I turned down a job in Singapore making 400 a day dealing with piracy. They laughed at me for driving CAB. I paid of my house, did not get shot at, still have my wife and kids, and the IRS doesn't want my money. (All 23 dollars) I pay way too much in taxes but I had a Heart attack and and I am doing great due to great medical care. Last year I had the best year of my life sailing with the family.
I had to ask myself what I truly wanted and valued. Was it money, did I really think the US was so bad, what was freedom? I still want to travel but the States aren't so bad. So short of being a criminal and running from the law a do not think I would give up my citizenship. The US has proved more than once if the want you they can find you anywhere. So my life is not impressive. It has all the daily b.s. but I won't trade it. As long as I can get out on my boat then it is all good.

Sent from my Huawei Y301A1 using Cruisers Sailing Forum mobile app