That’s exactly how it works. You want to retain your US citizenship while living abroad, you pay US taxes. Ask anyone. This is common knowledge. The only way out of it is to renounce US citizenship and it turns out that very few rich people actually want to do that because it has giant ripple effects on everything they own and often their extended family and how they can manage their wealth and even where they can give money to support causes they believe in.
The only way around this is through off-shore tax havens that can be taken advantage of through loopholes in the tax code which in turn are exactly what people are talking about addressing here.
That’s exactly how it works. You want to retain your US citizenship while living abroad, you pay US taxes. Ask anyone. This is common knowledge. The only way out of it is to renounce US citizenship and it turns out that very few rich people actually want to do that because it has giant ripple effects on everything they own and often their extended family and how they can manage their wealth and even where they can give money to support causes they believe in.
The only way around this is through off-shore tax havens that can be taken advantage of through loopholes in the tax code which in turn are exactly what people are talking about addressing here.
Sorry you didn’t get the memo.
Wait Americans ever leave their country?