Re: Tax consequences of becoming a US citizen

Nomen Nescio wrote: > On Tue, Jul 09, at 02:02PM, Tim May wrote: > >>>Also, a person having extensive offshore (outside the U.S.) >>>assets may well find his assets are now taxable in the U.S. >>>And for those with capital assets not taxed in their home >>>countries (e.g., Germany, Japan), this m

Re: Tax consequences of becoming a US citizen.

On Wednesday 10 July 2002 09:55, Trei, Peter wrote: > So, to the subject of the original question: I don't think taking up > US citizenship, then retiring abroad, makes a hell of a lot of > sense from a tax point of view, unless the Social Security payments > are important... I wouldn't figure S

Re: Tax consequences...

Nomen Nescio wrote: > So what you are suggesting is that I might as well take out US > citizenship, since the IRS behaves just as piratically and > imperially to anyone who gets a job in the US? Considering only taxes, I think that's correct. You do need to consider other things, such as what ha

Tax consequences of becoming a US citizen

-- Oh shit. It really is the empire. According to http://www.techvisas.com/taxation.htm Taxation of Aliens who Have Departed - Anti-Expatriation Rules. Aliens who live in the U.S. as residents, irrespective of visa status, face special anti-expatriation rul

Re: Tax consequences of becoming a US citizen.

On Tue, Jul 09, at 05:11PM, Tim May wrote: | Mexico does not allow _any_ noncitizen to work! Two point. I did not know that about Mexico (I did say it was made about the countries I knew about.) Switzerland and Brasil both allow student visa holders to work, albeit with restrictio

Re: Tax consequences of becoming a US citizen

On Tue, Jul 09, 2002 at 07:22:30PM -0700, Tim May wrote: | On Tuesday, July 9, 2002, at 06:30 PM, Anonymous wrote: | | > On 9 Jul 2002 at 14:02, Tim May wrote: | >> Unless one's stay is a short one (see below), income or other | >> money earned while in the U.S. (and maybe earned outside the | >

Re: Tax consequences of becoming a US citizen.

> >>years after you leave the U.S." tax scheme. (Yes, any U.S. citizen who > >>moves anywhere in the world must, technically, file U.S. tax returns > >>for > >>10 years after leaving. And pay various kinds of taxes, though the > >>amount may be different from what he would have paid had he remain

RE: Tax consequences of becoming a US citizen.

> Greg Broiles[SMTP:[EMAIL PROTECTED]] > > > At 11:52 AM 7/9/2002 -0400, An Metet wrote: > >What are the tax implications of a US resident green card holder, with > >substantial assets both in his original nation and in the US, of becoming > > >a US citizen? > > Take a look at

Re: CDR: Tax consequences of becoming a US citizen

Nomen Nescio wrote: > Are you saying that if someone is legally resident in the US for a > while, the US IRS will attempt to get his assets all over the > world forever? I find this hard to believe. Not necessarily "get" them, but tax them. Believe! Marc de Piolenc -- Remember September 11

Re: Tax consequences of becoming a US citizen.

At 11:52 AM 7/9/2002 -0400, An Metet wrote: >What are the tax implications of a US resident green card holder, with >substantial assets both in his original nation and in the US, of becoming >a US citizen? Take a look at . Non-US citizens may be classified as

Re: Tax consequences of becoming a US citizen.

On Tuesday, July 9, 2002, at 06:40 PM, Greg Vassie wrote: >> years after you leave the U.S." tax scheme. (Yes, any U.S. citizen who >> moves anywhere in the world must, technically, file U.S. tax returns >> for >> 10 years after leaving. And pay various kinds of taxes, though the >> amount may

Re: Tax consequences of becoming a US citizen

On Tuesday, July 9, 2002, at 06:30 PM, Anonymous wrote: > On 9 Jul 2002 at 14:02, Tim May wrote: >> Unless one's stay is a short one (see below), income or other >> money earned while in the U.S. (and maybe earned outside the >> U.S. if the IRS can make a nexus case) is taxable. > > The question

Re: Tax consequences of becoming a US citizen

On Wed, Jul 10, at 03:20AM, Nomen Nescio wrote: | Are you saying that if someone is legally resident in the US for a | while, the US IRS will attempt to get his assets all over the | world forever? I find this hard to believe. For a specific time period, this is absolutely true.

Tax consequences of becoming a US citizen

On 9 Jul 2002 at 14:02, Tim May wrote: > Unless one's stay is a short one (see below), income or other > money earned while in the U.S. (and maybe earned outside the > U.S. if the IRS can make a nexus case) is taxable. The question really is: Suppose one becomes a US citizen, and then resides ou

Re: Tax consequences of becoming a US citizen.

> years after you leave the U.S." tax scheme. (Yes, any U.S. citizen who > moves anywhere in the world must, technically, file U.S. tax returns for > 10 years after leaving. And pay various kinds of taxes, though the > amount may be different from what he would have paid had he remained in > t

Re: CDR: Tax consequences of becoming a US citizen.

Basically, none. A US resident is taxed just like a citizen. In fact, even if you are not a green card holder, but have a "substantial presence" in the US, you are still taxed like a citizen. Marc de Piolenc An Metet wrote: > > What are the tax implications of a US resident green card holder, w

Re: Tax consequences of becoming a US citizen.

On Tuesday, July 9, 2002, at 03:40 PM, Gabriel Rocha wrote: > The US is one of the few countries that I know of (or about) that do not > allow people ona student permit to work. Mexico does not allow _any_ noncitizen to work! Except for folks of either a) substantial resources, b) connected wi

Tax consequences of becoming a US citizen

On Tue, Jul 09, at 02:02PM, Tim May wrote: > > Also, a person having extensive offshore (outside the U.S.) > > assets may well find his assets are now taxable in the U.S. > > And for those with capital assets not taxed in their home > > countries (e.g., Germany, Japan), this may be quite a shock.

Re: Tax consequences of becoming a US citizen.

On Tue, 9 Jul 2002, Tim May wrote: > Why do you think a person without a green card is exempt from IRS > jurisdiction? I assumed that he meant a US non-resident. Obvi > > Unless one's stay is a short one (see below), income or other money > earned while in the U.S. (and maybe earned outside t

Re: Tax consequences of becoming a US citizen.

On Tuesday, July 9, 2002, at 01:19 PM, Gabriel Rocha wrote: > On Tue, Jul 09, at 11:52AM, An Metet wrote: > | What are the tax implications of a US resident green card holder, > with substantial assets both in his original nation and in the US, of > becoming a US citizen? > > Wel

Re: Tax consequences of becoming a US citizen.

On Tue, Jul 09, at 11:52AM, An Metet wrote: | What are the tax implications of a US resident green card holder, with substantial |assets both in his original nation and in the US, of becoming a US citizen? Well, think positive because you're already screwed. If you have a greenca

Tax consequences of becoming a US citizen.

What are the tax implications of a US resident green card holder, with substantial assets both in his original nation and in the US, of becoming a US citizen?