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Originally posted by Underworlds
I was listening to Neal Boortz on the radio this morning. Lots of people have been calling in and writing in that they are considering leaving the country. Most are citing New Zealand and Australia as destinations.
Personally, my wife and I have already acquired several properties in Thailand, which is where we will be leaving to when the time comes.
Keep this in mind, though. Simply leaving the country will not exclude you from the excessive taxation laws of the IRS. If you live and work outside the US, as an American citizen you will still be subject to US income taxes as well as taxes to the country you live and work in. If you would rather your hard-earned money not be siphoned from you by the US, you will have to renounce your citizenship and surrender your US passport.