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Bob111
 

Registered: May 2002
Posts: 6473

 

08-13-12 12:55 AM

zdreg-imagine for a second common situation of a green card holder in US..( you probably never been there? ) and consequences of giving it up. i don't know your story, i don't know if you are us citizen or not(born here or earned it), but i would appreciate, if you try that.
just an example-what about family? you have to be SERIOUSLY ambitious and CERTAIN that it worth it and your 'edge'(if you have any) will be with you for a very long time..i mean-REALLY LONG time.
but even if you have all that-i would rather go to something like panama, than india. no fucking taxes whatsoever,as long as your business was outside of panama, US hospital in the middle of the city..
bahamas,whatever..not some complete shithole,where people are piss and taking a dump right on the streets and pray on cows..fuck that.. as for me- i prefer comfort and willing to pay for it. imo-i't comes at certain age..at certain age we all need decent med. care,good quality food and even simple, basic CLEAN water.

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Bob111
 

Registered: May 2002
Posts: 6473

 

08-13-12 12:59 AM

i spend half of the day swimming in delawer river and ride on bicycle around it..beautiful,clear water..sorry Ganges-you didn't check out....at least for now-i prefer US

(Graphic Image if you click, dead body in water - Admin Joe)
http://artsyswag.com/img/life/sacre...er-ganges16.jpg

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comintel
 

Registered: Jun 2008
Posts: 1117

 

08-14-12 07:46 AM

Think about it yes, but you can always give it up at anytime you want later on so it is not a permanent choice anyway.

You need it to live permanently in the U.S., that's all. If you later move back to India permanently, yes, give it up unless you want to come back to the U.S. soon. It is illegal to keep it anyway if you leave the U.S. for a more than a limited time. Actually you can just treat it as expired in that case but get legal advice on that.

Double taxation is commonly eliminated by tax treaties and the foreign earned income exclusion. However, India may not have an advantageous tax treaty with the U.S. as do most countries.

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