Ironically enough, you actually have to pay the US Government to renounce your citizenship. The base fee is $2,350, but the application process is so lengthy and complex the total cost can run up into the $20k range. Oh, and you're still obligated to pay taxes and subject to the draft.
this post was submitted on 05 Mar 2025
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Persons who wish to take the oath of renunciation under INA 349(a)(5) or who are requesting a Certificate of Loss of Nationality under INA 349(a)(1)-(4) should be aware that if the Department issues of a Certificate of Loss of Nationality in the person’s name (reflecting the official determination of loss of U.S. nationality) the former U.S. citizen’s U.S. tax or military service obligations may remain unchanged (contact the Internal Revenue Service or U.S. Selective Service for more information).
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I'm pretty sure that's supposed to mean that they don't assess any new liabilities or obligations, but you can't get out of anything they've already assessed by relinquishing citizenship.
Yeah, most likely. Although it does sound as if the ol' ball & chain could be attached indefinitely on first read. I imagined sliding something to that effect in a joint contract and have my ex-roommate come in to do my laundry every week after leaving according to the vague print. lol
This is exactly what it is. You don't get out of paying just by relinquishing citizenship.
these seem like the only good reasons
Why is it Americans still need to get taxed and drafted even outside their home nation. Nobody else does that
For taxes: initially it was because business owners were renouncing their citizenship as a way to avoid income and capital gains taxes, as well as estate taxes. Once that was done though then the feds realized they could squeeze everyone.
For the draft: during the Vietnam War people would flee to other countries (usually Canada) and renounce their US citizenship, even if they didn't obtain citizenship elsewhere. Becoming a stateless person was (correctly) seen as less of a death sentence than being sent to Vietnam.
I think its a percent of your net worth.
Wish granted. Someone bought your citizenship. You have 30 minutes to vacate the country.
Funds unfortunately were funneled into Trump ~~slush fund~~ presidential library fund so you won't get a penny. Sorry about that
Doubt. If anyone is gonna profit off of his half baked idea then it'll be him, no one else
My wife and I wondered why they just don't offer people a million per household member to leave the country. Maybe help with citizenship paperwork to other countries.
How long does it take to become a US citizen? That determines how often you can sell your citizenship and restart the process. Imagine getting 5 million every year or two.
Naturalized citizen here originally from Poland. It took 6 years waiting to be eligible to apply for green card, another 2 to actually get a green card, then another 5 years of living in the states to be able to apply for citizenship. So total of 13 years. Granted Poland was in a different political climate 25 years ago and it was difficult to ever get into the US so it really depends on “country of origin”.
If you run the citizenship cycle every 13 years, and you get paid 5 million every time, that's still about 32 k$ per month, which is not bad. It takes a very long time, but it should be worth it.
You, there!!
Go back to work right now, or else you will feel the peaks!
What's the lowest you can go on this American Citizenship ?
Lowest ill go is 2 milly. 1 mill turns out to be not a lot of money but two mill we keep things rolling for some time
You should try to make counteroffer to trump and advertise American citizenship starting from 2M
That $5 million isn't for you
But I want it
Ok, I will pass this on to them.
Thank you. Oh, tell trump I like his... that time he was in the truck. You know, talk me up.
Catch is "somewhere else" wants 6 million to make you a citizen.
This is unironically something I would consider. I would sell me and my family’s citizenship for 20 mil and go live either in Mexico or Spain. I have family in both of those so it would be nice to see them more often.
Consider? That shits a done fucking deal for me if it's on the table
Fuck yeah. 2 million is the amount I need to live a comfortable life off the interest. 20 million gives me 800k a year in distributions to safely maintain the fund. We'd live like damn hell ass kings!
Unfortunately we can't because we are the product. Exploitable people.
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I’d suspect the five million ain’t going to be worth much after Trump is done.
Oh that's why trump wants his face on the 100 dollar bill, since he knows he's making it worthless anyway
Like everything else he puts his name on.
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I would sell mine if I can get EU citizenship.
Otherwise I'd be stuck in some airport and that ain't fun
Several EU countries feature golden visas. Portugal, Malta, for example. As long as you live there for a minimum amount of time.
The UK will give you free citizenship if you're considered very useful. A friend of mine is an epidemiologist, and they almost literally threw British citizenship at her. She said that nobody at the group ceremony spoke English.
Individual investors must make a minimum contribution of €600,000
Yea Imma stop you right there.
I don't even have $6000, let alone 2 extra digits.
The joke of the post was the government paying you 5,000,000 for your U.S. citizenship. So you'd have over 4 million U.S. dollars left after doing such a trade and paying 600,000 euros for a citizenship somewhere. I forget the conversion right now. You'd still be set for life.
It's basically 1:1 nowadays, easy to remember
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I don’t think he has that authority, but he’d do it anyway. Except he wouldn’t, because fuck you.
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