I use a VPN to set my IP in the US so is it not supported in the US? Or is it somehow detecting that I'm really in Panama?
Also, I finally got around to filing my extortion papers for the IRS.
Getting married helped keep me from needing to pay any taxes.
Land of the free...where you have to file your taxes even if you haven't stepped foot in the country all year.
Good point about the need to declare all assets upon renouncing because I had kind of overlooked that "minor detail."
You could renounce your citizenship, but you may well be anticipating getting some income such as social security or maybe you are receiving some other pension, which makes it a BIGGER trade off to renounce.
I am not saying that I agree with world-wide income taxation, and surely there are trade-offs with any system whether we are referring to taxation or other matters of figuring out if you get benefits or will get benefits in the future. Sure, you likely subscribe to one of those libertarian views, and you have already admitted to it, and sure I have issues with libertarians trying to spin matters with out accounting for how to deal with various public goods, but you surely did not start your propounding of libertarian ideas in your teenage years, so you have some issues with your having had made too many USA connections in terms of either prior employment or your desires to return to the USA or to travel around the world with a USA passport causing you to be unwilling to renounce your citizenship.. because it will likely cost you more than what you are willing to admit to because you want to spin the taxation matter in one direction (sure we all have concerns about taxation how their spent and from whom they are collected).
To renounce my citizenship would require paying taxes on the total value of all of my bitcoin holdings as if I sold them the day I renounced. The thought of the amount of brown skinned people in far off lands who's skin will be burned off using my money does not sit well with me.
My thought is that the US will collapse in the next few years so it is not necessary to renounce my citizenship. US citizenship will cease to exist. Then I can just not sign onto the America 2 (the electric boogaloo) citizenship.
But not to worry. I filed this year so when you leave your house in the morning there will be roads.
USA gone in two years would largely be the playing out of an Armageddon scenario, which seems like quite a long shot, even under the crazy-ass conditions under which we currently find our lil selfies in which gradually and then suddenly could end up playing out. I hope that you are not putting too many eggs in the seemingly long-shot scenario that you are anticipating.