

Renounciation costs (or at least used to cost) a few thousand dollars. That’s money you quickly recoup by not paying any US taxes.
Besides, I don’t see why I should pay Uncle Sam anything of what I earn abroard, living abroad and working in a foreign company, not using any American services or infrastructure. The only rational Uncle Sam has to offer for extracting taxes from US citizens residing abroad is essentially “Pay up or else…” That’s a racket, pure and simple: even if it wasn’t financially sound, I don’t pay racketeers.
What other pros/cons are there?
Not being an American is a big pro. Your conscience is less dirty.
And as of Apr 14, 2025, the safety of not living in a dictatorship where the rule of law doesn’t apply anymore is also a big plus.
And while not directly linked to citizenship proper, living abroad offers many advantages: working healthcare, a decent education for your children, publc services that work… Yes, you pay a lot of taxes in Europe, but you know what you get out of it. The quality of life in Europe is much higher than in the US. And - I know it sounds weird but it’s true - you don’t need the constant background paranoia you need to live in the US. You don’t realize the paranoia is there until you leave and then it lifts from you. It’s a real thing.
But of course you can experience all that while still being an American. Not being American is mostly a matter of refusing to be associated with - and finance - an amoral society.
That may be the case today. But when I left a quarter century ago, it wasn’t like that. I don’t remember the specifics, but I would have ended up paying some thousands of dollars every year.
A country that’s gone rogue can’t strongarm another to deport their enemy citizens living there back home if they’re not citizens no more.
I fully expect the Trump regime - or whichever new Trumpesque dictator replaces the orange buffoon when he kicks the bucket - to come after expats it deems treacherous or enemies of the state or something. I’d rather the US can’t legally demand my repatriation.
The fewer ties you have to the US, the better. It was true before, and it’s especially true now.
The other reason is, a lot of foreigners - like, a LOT - don’t particularly like Americans, even the friendliest ones. It’s easier not to be an American than having to prove you’re one of the nice ones all the time.
I never had any problem. But remember, it was a long time ago. Things were still pretty chill in the early 2000’s. You could literally walk into a bank and open an account in 10 minutes with any ID that looked legit 🙂 There was no KYC or anything like that, and banks mostly cared about whether you had money to deposit. I mean not quite 80’s like, but nothing like the stringent dystopia of today.
Also, I had citizenship from a EU country, so that helped.