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Peak Insiders

by Adam Taggart

Executive Summary

  • The nuts and bolts of expatriation, including the legal process of expatriation
  • The tax consequences of expatriation
  • The immigration consequences of expatriation
  • The pros and cons of U.S. investments once you expatriate
  • The tax consequences should you choose to spend more than a few months each year in the United States after expatriation

If you have not yet read Part 1: A Primer For Those Considering Expatriation, available free to all readers, please click here to read it first.

Expatriation: The Basics

Once you’ve obtained a second passport and qualified for residence in another country, you can begin the legal process of expatriation.

To do so, you must make an appointment with a U.S. consulate. You generally cannot expatriate within the territorial boundaries of the United States. The consular officer will explain the consequences of expatriation and have you sign some forms.

Two or more appointments may be necessary to complete the process. At the end of whatever sequence of visits applies at the consulate you choose, you’ll then hand in your U.S. passport. Anywhere from several weeks to several months later, you’ll receive an official document called a “Certificate of Loss of Nationality” (CLN). With the receipt of this document, you will have officially relinquished your U.S. nationality.

Income Tax Consequences of Expatriation

Once you give up your U.S. citizenship and passport, you have no further obligation to pay U.S. tax on your worldwide income. However, U.S. law imposes an…

Important Consequences Of Expatriation
PREVIEW by Adam Taggart

Executive Summary

  • The nuts and bolts of expatriation, including the legal process of expatriation
  • The tax consequences of expatriation
  • The immigration consequences of expatriation
  • The pros and cons of U.S. investments once you expatriate
  • The tax consequences should you choose to spend more than a few months each year in the United States after expatriation

If you have not yet read Part 1: A Primer For Those Considering Expatriation, available free to all readers, please click here to read it first.

Expatriation: The Basics

Once you’ve obtained a second passport and qualified for residence in another country, you can begin the legal process of expatriation.

To do so, you must make an appointment with a U.S. consulate. You generally cannot expatriate within the territorial boundaries of the United States. The consular officer will explain the consequences of expatriation and have you sign some forms.

Two or more appointments may be necessary to complete the process. At the end of whatever sequence of visits applies at the consulate you choose, you’ll then hand in your U.S. passport. Anywhere from several weeks to several months later, you’ll receive an official document called a “Certificate of Loss of Nationality” (CLN). With the receipt of this document, you will have officially relinquished your U.S. nationality.

Income Tax Consequences of Expatriation

Once you give up your U.S. citizenship and passport, you have no further obligation to pay U.S. tax on your worldwide income. However, U.S. law imposes an…

by Chris Martenson

Executive Summary

  • Changing your fate requires action today
  • Here’s the action/opportunity I’m most focused on today in my own life
  • How to step into an “elder” role, if you have the courage
  • How to create a world worth inheriting

If you have not yet read Part 1: The Path From Survival To Significance, available free to all readers, please click here to read it first.

Our mission at Peak Prosperity is to “Create a world worth inheriting”. Every single day we feel like we’re doing everything we can to move towards this goal. But some days, it feels like our efforts may not be nearly enough to get the job done.

But while our own actions may be insufficient, they are necessary. And paired with the steps you take, and those of the hundreds of thousands of other PeakProsperity.com readers, our odds for success exponentially improve.

I’d like to slip out of ‘convincing mode’ for this piece. Because so many people still seem to be unaware of our many predicaments, I often find myself leaning towards lining up all the evidence, in the hope that I can open a few more eyes.

But not today. We all know the score. We’re collectively on a terribly unsustainable course. The data is overwhelming at this point.

All of this then, leads to the idea that to create a world worth inheriting we have to first admit that our society is not on track to do that.

It’s up to us to plan accordingly, based on what our own eyes, ears and hearts are telling us is true.

Mine tell me that there’s a better way, one that does not involve squabbling like primitive monkeys over key resources.

And then we must be willing to change on a very deep level. Both internally so we can be proper elders and compatriots to those around us, and externally as we move into a life of consuming less.

I look around and I see people using their big brains to work with nature, create abundance, and believe in ourselves as creative forces for good.

The opportunities that are capturing my personal attention most and are inspiring me into new action in my own life are…

Creating A World Worth Inheriting
PREVIEW by Chris Martenson

Executive Summary

  • Changing your fate requires action today
  • Here’s the action/opportunity I’m most focused on today in my own life
  • How to step into an “elder” role, if you have the courage
  • How to create a world worth inheriting

If you have not yet read Part 1: The Path From Survival To Significance, available free to all readers, please click here to read it first.

Our mission at Peak Prosperity is to “Create a world worth inheriting”. Every single day we feel like we’re doing everything we can to move towards this goal. But some days, it feels like our efforts may not be nearly enough to get the job done.

But while our own actions may be insufficient, they are necessary. And paired with the steps you take, and those of the hundreds of thousands of other PeakProsperity.com readers, our odds for success exponentially improve.

I’d like to slip out of ‘convincing mode’ for this piece. Because so many people still seem to be unaware of our many predicaments, I often find myself leaning towards lining up all the evidence, in the hope that I can open a few more eyes.

But not today. We all know the score. We’re collectively on a terribly unsustainable course. The data is overwhelming at this point.

All of this then, leads to the idea that to create a world worth inheriting we have to first admit that our society is not on track to do that.

It’s up to us to plan accordingly, based on what our own eyes, ears and hearts are telling us is true.

Mine tell me that there’s a better way, one that does not involve squabbling like primitive monkeys over key resources.

And then we must be willing to change on a very deep level. Both internally so we can be proper elders and compatriots to those around us, and externally as we move into a life of consuming less.

I look around and I see people using their big brains to work with nature, create abundance, and believe in ourselves as creative forces for good.

The opportunities that are capturing my personal attention most and are inspiring me into new action in my own life are…

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