<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by dctorres:
It's not just to dual-US citizens. All US citizens must declare their earnings (even if just a resident abroad). Many countries have tax treaties in place (ie: France). You are exempt up to $76k (I think, perhaps ir raised). Beyond that, you have to pay, but you can deduct a lot.</font>
It does not end there. If a US citized renounces citizenship (and the renounciation is accepted), the former citizen is still required by US law to continue to pay income tax in the US for the next 10 years, and will have his/her name listed in the Congressional Record on the "List of Shame" thanks to a provision of law sponsored by Rep. Sam Gibbons (D-FLA) in 1995.
This makes the US the only country to claim the right to tax former citizens who no longer reside in the country......