Is it really so bad to just keep your US citizenship?
I understand that, if you're working and making any reasonable amount of money, you're going to get hit with a lot of double taxation, which sucks. Plus FATCA and the other annoyances.
But say you're retired with a modest burn rate. Then, between the Foreign Tax Credit and the Foreign Earned Income Exclusion, you won't really have to pay much in US tax, right?
I understand that, if you're working and making any reasonable amount of money, you're going to get hit with a lot of double taxation, which sucks. Plus FATCA and the other annoyances.
But say you're retired with a modest burn rate. Then, between the Foreign Tax Credit and the Foreign Earned Income Exclusion, you won't really have to pay much in US tax, right?