{"id":13477,"date":"2017-08-22T09:00:03","date_gmt":"2017-08-22T13:00:03","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=13477"},"modified":"2020-07-01T18:05:52","modified_gmt":"2020-07-01T22:05:52","slug":"expatriate-united-states","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/expatriate-united-states\/","title":{"rendered":"How to Expatriate from the United States"},"content":{"rendered":"

How to Expatriate from the United States<\/strong><\/h2>\n

Tired of paying unto Caesar? Here\u2019s everything you need to know to expatriate from the United States. Get the <\/span>IRS out of your pocket<\/span><\/a> forever by following these procedures on how to expatriate from the United States.<\/span><\/p>\n

Before we get to how to expatriate from the United States, remember that <\/span>you must have a second passport in hand<\/b> before turning in your US travel document. <\/span><\/p>\n

While this seems obvious, about 50% of the calls I get to expatriate don\u2019t have a second passport. It\u2019s impossible to give up your US citizenship and become \u201cstateless.\u201d<\/span><\/p>\n

If you want to buy a second passport, you can get one from <\/span>Dominica<\/span><\/a> for about $120,000. If you prefer an investment, you can invest $500,000 to $550,000 in <\/span>St. Lucia government bonds<\/span><\/a>, and pay $50,000 in fees.<\/span><\/p>\n

If you want to prepare an exit strategy, and have a few years, you can earn citizenship by becoming a resident of a foreign country. For example, if you\u2019re from a top 50 country (such as the United States), you can invest $20,000 in <\/span>Panama\u2019s green initiative<\/span><\/a> and receive legal residency. You can apply for citizenship and a passport after 5 years of residency.<\/span><\/p>\n

As with all bureaucratic procedures, there are strenuous rules to expatriate from the United States. There are quite a few people looking to jump the sinking ship that has become the US, with radical tax laws such as FATCA since 2014, America is starting to feel like the Titanic.<\/span><\/p>\n

Americans, although politically divided, are starting to miss the good old days when the biggest white house scandal was having two consenting adults alone in the oval office. Many U.S. Citizens aren\u2019t satisfied with the American dream (which is becoming the American nightmare), and lately find themselves trying to resolve every predicament government installs. <\/span><\/p>\n

expatriate from the United States, seems like a drastic solution to the worldwide tax problem, because it is.The IRS wishes to partake in all aspects of your life and death. And, even if you want to break ties, they feel entitled to alimony.<\/span><\/p>\n

1,313 Americans turned in their passports this quarter. The total for calendar 2016 was 5,411, up 26% from 2015, when the total was 4,279 published expatriates. The 2015 total was 58% more than 2014. It looks like 2017 will be about 30% higher than 2016. <\/span><\/p>\n

Once you decide on this last resort, <\/span>the final solution<\/span>, you may have to pay an \u201cexit tax\u201d.<\/a> This tax is a full tax applied the calculated to the sum of all your hard work and investments made (such as capital gains), even if you aren’t selling. The IRS just wants to say goodbye the only way the know how.<\/span><\/p>\n

Here\u2019s a checklist to expatriate from the United States:<\/span><\/p>\n