Unfairness to the self-employed accidental American

As a quick follow-up to yesterday’s post, the greatest unfairness again occurs to the accidental American who realizes after the fact his/her status of a US citizen self-employed in a country without a Social Security totalization agreement with the US. In order to relinquish US citizenship without becoming a covered expatriate, he/she would have to ...

Should a digital nomad, or other self-employed US citizen working abroad, pay social security taxes? 1

As we saw yesterday, such people have a choice to pay social security taxes or not. First of all, let me say that skipping social security taxes is not a way to build wealth, the way to build wealth is to generate more revenue. But, what if instead of skipping it, our self-employed person was ...

Do US citizens living outside the US have to pay into the US Social Security System? 1

This is particularly of interest for “digital nomads” and other self-employed people who have freedom in the way they arrange their employment or self-employment. For those living in countries with a Social Security Totalization Agreement US citizens living in these countries would only have to pay into the Social Security system of only one country. ...