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Old 07-11-2007   #7 (permalink)
randy
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Join Date: Jul 2007
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Quote:
United States citizens still have to pay income taxes to the United States government no matter where they live. For that reason, I would think people would try to give up their United States citizenship if moving to Panama.
Not a good move unless you have no plans on ever leaving Panama again. If you do, and all you have is Panamanian citizenship, you'll be treated as a run-of-the-mill third world citizen wherever you go.
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