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dlukton
Nomad Capitalist
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Comments by "dlukton" (@dlukton) on "The IRS is Coming for Puerto Rico Act 60" video.
One doesn't need UAE citizenship in order to be a legal resident there.
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UNDER CURRENT RULES, the answer is an unequivocal "yes". The only question is whether the rules will be changed in the future. At some point, there's going to have to be an overhaul of the social security system (the US simply can't afford it), and at that point, they might decide to "shaft" people who gave up their US citizenship.
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Even someone making $100K per year could potentially save a few bucks by living in another country and filing under the FEIE (foreign earned income exclusion).
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I suspect that that was the case with Roger Ver.
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@heavenismydomicile3280 The reason the government put his father in prison (IMO) is that he was openly defying the rules, and encouraging others to do the same. If he had simply refused to pay his taxes, but had kept very quiet about it, I think that the government would not have put him in prison. They might have confiscated every asset of his that they could find, but they wouldn't have put him in prison. And for his part, Peter Schiff does not tell people to disobey the rules.
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@jlm3744 Yes, he's back in the US mainland..... Los Angeles, I believe.
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The problems with the US government will never be fixed...... absent a violent revolution.
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