Is it worth to be Naturalized vs just Permanent Resident?

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ahtbjcnwks

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ahtbjcnwks
Dec 29, 2019 32 Comments

Are there any benefits to being naturalized vs just a permanent resident as a SWE in the US?

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TOP 32 Comments
  • New
    pangzai

    New

    pangzai
    As a PR you’re just one felony away from being kicked out.
    Dec 29, 2019 1
    • Intel
      tech10cr

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      PRE
      Roku
      tech10cr
      This one, any incident(even a misdemeanor)with police may get you kicked out of the country. Get neutralized risk is not worth it.
      Dec 30, 2019
  • Apple
    Oslooo

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    Oslooo
    US passport allows Visa free travel to a large number of countries. Getting Visas can be a pain and expensive
    Dec 29, 2019 2
  • You get the privilege of being taxed on your worldwide income no matter where you live, having to file a US tax return every year for the rest of your life, and having to do jury duty (if you're living in the USA), but you get the privilege of being able to live and reside in the USA for the rest of your life. Some say that the tradeoff is worth it.

    As a permanent resident, you have no legal right to reside in the USA if the USA doesn't want you. As a US citizen, that right cannot be taken away no matter what.
    Dec 29, 2019 8
    • Amazon
      jΠ°w

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      jΠ°w
      The part that I’m disagreeing with is the implication that staying as an LPR will allow you to avoid taxation on worldwide income and an exit tax. In terms of tax obligations, LPR + 8 years = citizenship.
      Dec 30, 2019
    • Ah, sure. I should have been more specific. I didn't mean to imply that as it's not correct, as you pointed out.
      Dec 30, 2019
  • Microsoft
    πŸŒ¦β˜‚πŸ‰πŸ’πŸŸ

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    πŸŒ¦β˜‚πŸ‰πŸ’πŸŸ
    Can work for the federal government.
    Dec 30, 2019 3
  • Amazon / Eng
    Mm2h

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    Mm2h
    Multiple questions to ask:

    1- Are you planning to retire in the US? If so then why not.
    2- What is your other passport? If you don't plan to retire in the US then carefully consider the US Citizenship because worldwide income taxation while living abroad is a hell. (read about fatca, PFICs, fbar, double taxation even with a tax treaty, shadow capital gains on real estate etc).
    3- how long do you intend to keep the green card? If 8 or more years out of the last 15 And net worth > 2M then you will be a covered expatriate and subject to the exit tax. Being a citizen MAY help you in that case.
    4- whatch the irs medic youtube channel, he has a few videos about green card holders.
    5- do you have or plan to have kids? Careful about the estate taxes and double taxation.

    I have done a lot of research on this, and being from a top tier passport country, I have made peace with the fact that getting us citizenship would be a liability in my case and will not apply for it.

    The US passport is an OK passport travel wise, but the rest is trash. Nomad Capitalists ranks it around 30th in the world, just because of the compliance and cost of taxation.

    PM me if you have any questions
    Dec 30, 2019 7
    • Amazon / Eng
      Mm2h

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      Mm2h
      I will leave before being subject to the exit tax for sure.

      I am only putting money into a 401k up to the match, doing roth. And will take everything out when leaving.

      Most of my assets are in a brokerage account which I will pay 0% as my next country will not tax cap gains.

      I struggled with figuring out if I should max the 401k and then leave it here. But upon reading a lot, it just is too hard to maintain, file and hope that your broker respects tax treaties witholding rates. Not worth it.
      Dec 30, 2019
    • Amazon / Eng
      Mm2h

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      Mm2h
      Also, the US is know to threat bon resident return like garbage (6months).

      So again, if you intend to retire in the US, sure. Otherwise meh
      Dec 30, 2019