Why I'll NEVER Renounce My US Citizenship 🇺🇸

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: http://bit.ly/transferwisebank
↳ Travel Medical Insurance: http://bit.ly/SafetyWingIns
↳ Global Health Insurance: https://bit.ly/RemoteHealthIns
★ Related Videos
↳ How to Renounce Your US Citizenship https://youtu.be/iDfygAUT5qQ
↳ How expats feel about the US tax system, renouncing, and voting abroad https://youtu.be/ckQkoS0xBsc
↳ Nomad Capitalist: Why and How I Renounced US Citizenship: https://youtu.be/UYjooV1eadw
↳ Nomad Capitalist: Pros & Cons of Renouncing US Citizenship: https://youtu.be/8I7vOJ6d9xk
↳ Evan Edinger: Would I Ever Renounce My US Citizenship? https://youtu.be/Hjo7quY0NZk
★ Related Podcasts:
↳ Why I'll Never Renounce: https://www.badassdigitalnomads.com/7-reasons-why-ill-never-renounce-my-us-citizenship/
↳ How to Renounce Your US citizenship Part 1: https://www.badassdigitalnomads.com/renouncing-your-us-citizenship-part-1-living-abroad-in-canada-with-erika-lind/
↳ How to Renounce Your US citizenship Part 2: https://www.badassdigitalnomads.com/how-to-renounce-your-us-citizenship-part-2-youtube-drama/
↳ The Shocking Truth About How US Expats Vote (and Why They DON'T) https://www.badassdigitalnomads.com/the-shocking-truth-about-how-us-expats-vote/
★ Additional Resources on Renouncing US Citizenship:
↳ IRS Renouncing US citizenship https://www.irs.gov/individuals/international-taxpayers/relief-procedures-for-certain-former-citizens
↳ PR News Wire Americans Giving Up Citizenship: https://www.prnewswire.com/news-releases/americans-gave-up-citizenship-in-record-numbers-in-2020-up-triple-from-2019-reports-tax-specialists-americans-overseas-301222817.html
↳ Greenback Tax Expat Survey: https://www.greenbacktaxservices.com/blog/annual-us-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

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