In my three plus decades in tax practice, the most common complaint I have heard about our tax code is that it is too complicated. A complaint with which I agree. Another complaint that I have frequently heard is that the lobbyists are in control of our tax code. Again, I concur. What frustrates me is that Congress is finally addressing these complaints and they are not getting support from the taxpayers.
An ever increasing number of US Citizens are claiming that they will move outside the United States based on the outcome of the 2016 Presidential Election. From a tax standpoint this is easier said than done.
United States tax laws subject its citizens to US tax on their worldwide income, no matter where they reside. Consequently, simply moving abroad and retaining citizenship won’t absolve you from US taxation.