- cross-posted to:
- nottheonion@lemmy.ml
- cross-posted to:
- nottheonion@lemmy.ml
A couple were told they faced a $200,000 (£146,500) medical bill when their baby was born prematurely in the US, despite them having travel insurance which covered her pregnancy.
That poor child will now have to suffer dual citizenship in the US. That kid’s tax stuff will be a PITA when it starts working.
can you really not reject citizenships?
You can, but you have to pay fees and forefit a percent of your net worth.
The baby should do it now, while their net worth is $0
What if it doesn’t get rid of its citizenship? If it never goes to the US, the US system can never do anything about it simply not paying US taxes.
The US has planes and guns. They have invaded many foreign countries and stolen money from banks that didn’t comply with the US laws on KYC/AML in the past
If they never go to the US or try to do business with the US, sure. It is, however, an unnecessary limitation on their future. Best to renounce the citizenship as soon as possible if they don’t want to keep it.
In the US, the penalty for not filing is in addition to whatever to is owed.
If you’re a US citizen, you need to file once you’re 18 pretty much. If you don’t go to the US, and don’t live in a place with lower taxes, that’s it.
You can, but it’s a pain in the ass.
As long as they spend at least 330 days per 12 month period in non-US countries, they can deduct 130K/y via FEIE, and it adjusts with inflation.
Hope they don’t get a job that keeps them in international waters tho.
That’s in addition to a deduction of taxes they pay in their country.