Why NOT to renounce your US citizenship: Pros and Cons of renouncing and why I'll probably never give up my US passport, despite having lived overseas as an expat for almost 20 years. (Timestamps and resources below:)
Reasons to renounce 00:00
Why I'm not renouncing 01:00
Tax benefits 01:35
Tax issues 2:42
Offshore banking 3:10
Marriage 4:33
Cost of renouncing 5:21
Freedom of choice 5:59
Returning to the US 6:30
Family 7:05
Retiring abroad 8:15
US politics and values 8:40
2nd passports 9:22
Why most expats renounce 9:58
Losing your SSN 10:51
Future predictions 11:40
How many people renounce per year 13:24
Global tax system 14:14
► Living Abroad Resources: ✈️
↳ Online Bank Account:
↳ Travel Medical Insurance:
↳ Global Health Insurance:
★ Related Videos
↳ How to Renounce Your US Citizenship
↳ How expats feel about the US tax system, renouncing, and voting abroad
↳ Nomad Capitalist: Why and How I Renounced US Citizenship:
↳ Nomad Capitalist: Pros & Cons of Renouncing US Citizenship:
↳ Evan Edinger: Would I Ever Renounce My US Citizenship?
★ Related Podcasts:
↳ Why I'll Never Renounce:
↳ How to Renounce Your US citizenship Part 1:
↳ How to Renounce Your US citizenship Part 2:
↳ The Shocking Truth About How US Expats Vote (and Why They DON'T)
★ Additional Resources on Renouncing US Citizenship:
↳ IRS Renouncing US citizenship
↳ PR News Wire Americans Giving Up Citizenship:
↳ Greenback Tax Expat Survey:
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??♀️ About: Kristin Wilson is a digital nomad, online entrepreneur, and expat relocation consultant who has lived, worked, or traveled in 60 countries over the last 15+ years.
Kristin is also a writer, public speaker, podcaster, and travel host who has been featured on The Today Show, HGTV's House Hunters International, Huffpost, Bloomberg Businessweek, The New York Times, Business Insider, ESPN, and more.
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NOTE: This video is for informational and entertainment purposes only and does not constitute any kind of consulting, legal, or tax advice. Please consult a licensed professional with any and all questions about renouncing your US citizenship and filing or paying taxes abroad. Video descriptions may include affiliate links for products we use and recommend.
#renouncing #uscitizenship #livingabroad-----------------------------
By: Traveling with Kristin
Title: Why I'll NEVER Renounce My US Citizenship ??
Sourced From: www.youtube.com/watch?v=RvkLSJa4TQQ
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