Yeah that’s basically how I feel. There are plenty of things wrong with Italy but I don’t see myself moving back to the states ever. My family living there is the only reason I haven’t pulled the plug already.
Taxation by citizenship is such a shitty system.
Do you end up actually owing anything? I never do, with the foreign earned income exclusion f2555 I don't get taxed on my income, and the standard deduction covers any interest gains (I don't have a lot of cash earning interest), and based on the unbearable compliance costs and complexities of reporting on share investments (stock market) I stopped holding any. So now it's just a lot of necessary paperwork. And I hate paperwork.
Yeah, I always do. Because of the way the Italian/US tax treaty is set up I pay self employment tax in the US and not italy. It’s not double taxation per se, unless you count the thousands I spend every year on accountants. 😖
The most egregious issue is the financial surveillance. All the security theater in the name of AML and terrorist financing. It’s complete bullshit.
