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Social security should not be taken away since that has nothing to do with citizenship. It has to do with PREVIOUS participation in the US tax system and nothing to do with current status.
I would not consider renouncing US citizenship unless and until I had residency elsewhere.
I would think taxing income earned while living in a foreign county as a resident or citizen of that foreign county and through a foreign brokerage house would be impossible for the US to do. Where is the legal authority? Any ancillary national taxes accruing to the country of origin of any companies in which you invest or trade would be collected by the brokerage on statement.
In any case, this is all hypothetical. I doubt seriously there is a CR brokerage with a decent and reliable trading platform. At least, no one has yet mentioned one.
Edited on Aug 14, 2008 05:04
Insightful observations that most of the free world seems to ignore in exchange for a tarjeta verde or visa to visit the famosa Ustados Unidos. “American citizenship, or staying in the USA 4 MONTHS A YEAR OR MORE THREE YEARS IN A ROW results in selling your soul to the devil. American citizenship is maybe not what many think.” Da…
However, upon arrival, its very simple for immigrants to acquire the knowledge to work the swollen social programs that feed and cloth the masses and require the working folks to fuel the system that eventually bites the hand that feeds it. I personally know many Ticos that have lived in the USA and for one reason or another have returned to Ticolandia. 99% of them have no desire to return to Uncle Sam’s backyard so they can be herded like cattle and used as a commodity for taxation without representation.
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