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Old 07-24-2006, 12:42 AM  
Kimo
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Join Date: Jan 2006
Location: Maryland ICQ:87038677
Posts: 11,542
so then it would indeed make sense for someone who made 100% of their money online, and lived, and operated their business from costa rica, or some other country where income from foreign sources is not taxxed to renounce their US citizenship, assuming they had no reason to go back to the US? its just a matter of is the tax savings worth to you personally giving up your US citizenship...


other then avoiding taxes i dont know why anyone would want to renounce their citizenship, other then that chess champion guy who renounced it to avoid being extradited to the us for some silly crime...
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