It is legally possible for US persons to become non-resident for tax purposes. But to do that and thereafter be absolved of future U.S. tax and tax reporting obligations probably requires giving up US citizenship and/or US resident/immigrant status; and/or living on a very low/no income of one's own.
Originally Posted by
Tchiowa
The way he describes what he has done is not only probably illegal but a really bad way to end up life. The only way you can do what he describes is to deal mostly with cash and have no fixed assets. Which means you can't buy a house. And you can't have a pension. And you can't have large investments. Which means you get to spend your golden years living of a government stipend which won't cover a decent place to live. Having nothing and being on the edge of homelessness while you are constantly looking over your shoulder for the cops to catch up to you is not much of a life, IMO.
No one in this thread -- except perhaps that FTer -- can properly claim that what that FTer has done is "probably illegal", unless you are privy to that FTer's personal details and relying upon the person's personal details not communicated in this thread.
As that FTer is referencing non-US persons who may be citizens/residents of countries that tax worldwide income, there are definitive situations where that FTer is not incorrect and there is no probability of illegal non-compliance with tax rules when assets and income streams are structured properly under the laws applicable to such persons.
The world is a diverse place and what may seem non-compliant to those with a bias for, or knowledge base constrained to, the rules for US persons, the notion of what is probably illegal and not goes out the window. Keep in mind you are talking about the actions you attribute to an FTer rather than to people in general.
