241–250 of 309 posts
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Foreign earned income exemption prevents IRS from taxing the first $108,700 in 2021. The tax rate in Australia for first $18,000 is 0%, compared with 10-12% federal + X% state in the US so if you're a low income earner living abroad can save big on taxes.
The first $12K is normally tax free in the US too (standard deduction.)
I am a dual citizen of the United States and Croatia (European Union citizen). I am culturally American, and I have spent the vast majority of my life in the US. I left the US about a month before the lockdowns started. I have been living in Croatia for the past year. I can technically live/work/retire in any EU/EFTA country (minus Lichtenstein--has an immigration quota), due to having Freedom of Movement rights. In…
Can you expand on this point? Fellow US-EU dual citizen and cultural American here, looking to do the same thing, for similar health reasons.
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Ah, okay, it does not apply for EU nations (like Croatia) and Switzerland, so it's not a worry for the OP and would matter only if other countries would be involved.
Croatia will be joining the EU in 2023 afaik. edit: seeing multiple other comments here that is already a member so I guess I am mistaken
I am a dual citizen of the United States and Croatia (European Union citizen). I am culturally American, and I have spent the vast majority of my life in the US. I left the US about a month before the lockdowns started. I have been living in Croatia for the past year. I can technically live/work/retire in any EU/EFTA country (minus Lichtenstein--has an immigration quota), due to having Freedom of Movement rights. In…
> I can also work a US based job, remotely in the EU, completely legally. You can also do that 100% legally as a non US citizen (I did), with the added advantage of not paying US taxes. You have to pay taxes and social security in the country where you reside, not where you are a citizen and/or work (mostly).
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During the covid crisis I’ve stopped telling my American friends about the situation here in Australia. There’s been some political mud throwing about which state managed it best - but we brought the numbers to zero, and have done it as a nation several times now. Since covid, talking to my friends in the USA about Australia feels like punching down. You might have more earning potential in the US, but I’d much rathe…
> Since covid, talking to my friends in the USA about Australia feels like punching down. Funny, talking to my friends in Asia (to which I consider Australia/NZ to be a part of) it feels the exact same way! I can tell them how I go anywhere without wearing a mask, some people make snide remarks but that's it - while they have to declare their address in restaurants, and face all kind of restrictions like not being ab…
https://thehill.com/homenews/administration/535344-biden-req...
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How is this legal? Most countries in the world disallow holding more than 2 citizenships. Do these countries know your kids are holding four? If they do not, they need to be informed.
There are exceptions to the rule (for reference see https://en.m.wikipedia.org/wiki/Multiple_citizenship ). Generally, a lot depends on whether you acquired citizenship by descent or birth, or acquired it by naturalization. Also, there are agreements between countries that you must consider. For example, had Croatia not entered the EU a couple of years ago, it would not have been possible most likely to aquire citize…
Source: we went through it.
We also had a similar-ish experience passport wise while the kids had non-German passports only while we only had a German one. We held up the line of cars waiting to get on the ferry to England (going from the Netherlands) for quite some time while they asked and checked why some Germans were driving Canadian kids to England: o see the Scottish Highlands, duh :)
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A second passport for a country that doesn't have an extradition treaty with the first, or better yet, an "enemy state", is a literal get-out-of-jail-free card.
If not, having enough money and a musical instrument case may suffice.
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> But, it is way, way, less stressful living here, just in general. Americans have no idea. The taxes are worth the peace of mind along with the stability it gives society. I don’t know what it is about Europeans on American websites telling us how great it is to have 1/3 less PPP and higher taxes, but I sure as hell don’t want my taxes any higher. A grand total of none of my international friends have anywhere near…
>I don’t know what it is about Europeans on American websites telling us how great it is to have 1/3 less PPP and higher taxes https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe... I don't mean to be rude but please look at that above link and understand how poor you as a citizen of USA are. It's frustrating to come from a country thats ~3X as wealthy as the USA in terms of median wealth (i'm Australian) an…
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PR citizenship is a thing (ie, a document) that PR will give you after one year, or sooner if you are indeed a Puerto Rican or if you have Puerto Rican parents. But the document will not work in conjunction with the Spain 2-year path to citizenship. To be clear, the PR document says it's possible (for a mainland American), but Spain does not recognize it unless you're Puerto Rican. Source: I tried it and went through…
> Spain does not recognize it unless you're Puerto Rican. So if you parents aren't from PR, or if you do not speak spanish or what? > Source: I tried it and went through the process. I'm from mainland US, lived in PR and now live in Spain. Tell me more about it! I'm thinking about moving to PR if there are more Covid restriction due to the new administration (curfew like in Europe) I'm also considering Spain.
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Thanks for sharing. I spent some time in Europe albeit that was a long time ago and I feel like I was too young to experience the hardships of life I'm facing in the US. I know the safety nets you're referring to, they're there for health care, unemployment and worker rights. Things that don't really exist for most people in the US if they're unemployed or in a regular job. I'm lucky to be in a well paid, high lucrat…
> I have a Romanian passport so it's easy to jump over the pond but I'd love my US residency and all the years I put in to be able to start switching jobs more easily. I don't want a ridiculous amount of wealth but I'd love to have a head start and secure financial freedom for my family. That is 100% totally understandable, and is basically the American dream, as you know. No matter what, as soon as you can: After yo…
I value the point of citizenship and passports but getting the US one seems to be shooting yourself in the foot if you don't ever see yourself moving back to the US. I know for sure if I leave, I'm not planning to retire anywhere in the US so it would be a tough sell to go for citizenship.