pk
Level 15
Level 15

Deductions & credits

@GP010 , having gone through all the replies and comments above and agreeing with my colleagues @Mike9241 @SteamTrain @VolvoGirl  et al  ----

1. the threats that these sites  talk about are real -- i.e. it is possible  but facts and circumstances dictate the probability of such.  It is like saying in the US there is death penalty -- you could be subject t death penalty -- it is true but they don't tell you before  that you have to be convicted of a serious  crime -- so it is possible  but very low probability in general.

2. You are correct that US is one of the few countries that  tax on citizenship and/or residency while most countries  have only a residency requirement for tax purposes

3. enjoy your good life roaming the world but note that when you leave the international waters , you come under the jurisdiction of the  country whose waters you have entered  and their tax laws may come into effect -- e.g. some countries have wealth tax, VAT, and  other mechanisms  for funding themselves. 

 

Enjoy