Korean Job Discussion Forums

ajuma · Joined: 18 Feb 2003 Location: Anywere but Seoul!!

I was thinking about this last night and was wondering about something.

In the US, we use our Social Security numbers for reporting income. Korean banks never ask for our SS number. So how in the world will they know we're American?

hogwonguy1979 · Joined: 22 Dec 2003 Location: the racoon den

Weigookin74 · Joined: 26 Oct 2009

Wow! What happened to America? I use to really admire her free enterprise and adventurious spirit. Now, it has become a Communist country. Man! That's sucks for you guys. I can see folks renouncing their citizenship. What a colossal pain in the @$$ that must be. Sure glad Canada's not like that. I filed my taxes first year here and told them I'm not a resident of Canada anymore. They said "Ok, cool." That was pretty straight and cut. Pretty easy. You 'muricans got to recover your freedom. (To think, I almost immigrated there. That old 3 point something unemployment rate looked so good to me back in the day. Glad, I came here instead.)

Ginormousaurus · Joined: 27 Jul 2006 Location: 700 Ft. Pulpit

I'm With You · Joined: 01 Sep 2011

Edwardo whatever his last name is of Facebook fame did just that and moved to Singapore where there aren't any withholding taxes on capital gains. It was going to cost him millions of dollars in taxes just to hold on to his US passport.

Konglishman · Joined: 14 Sep 2007 Location: Nanjing

Just great! Time to start looking at various possibilities such as moving my Korean savings to China or elsewhere.

And honestly, this does make me want to change citizenships.

hellofaniceguy · Joined: 10 Jan 2003 Location: On your computer screen!

Stan Rogers · Joined: 20 Aug 2010

I know an American who gave up his citizenship because he knew this was coming. He said American citizenship comes with all the responsibilities and no benefits.

I'm With You · Joined: 01 Sep 2011

bmaw01 · Joined: 13 May 2013

I had to listen to some Rage Against the Machine to release my anger when I read the article! Evil or Very Mad

I love talking to young American expats. They are so optimistic. They can't wait to go home so they can make good money and start a life. I guess when you get older you start to see what the government really is. Your viewpoint turns from optimism to cynicism.

I am going to tell it like it is. You guys are screwed! I would not want to be a young American worker. We are trillions in debt. Obama care is around the corner which will mean more taxes. The rich are getting wealthier.

I guarantee that the government is going to take 30% of your income in the near future or maybe even more.

This new law stinks. Everyday people are going to be dragged into this mess. It's bad.
Sad

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea

ajuma · Joined: 18 Feb 2003 Location: Anywere but Seoul!!

If it wasn't for all of my family being in the States, I'd consider dumping my US citizenship. I have several options for places outside the States to take up residence, but going "home" to visit would be a problem from those countries. I guess I just have to hope for the best.

Konglishman · Joined: 14 Sep 2007 Location: Nanjing

At the moment, I live in China and am greatly enjoying my life on both professional and personal terms. However, for a number of different obvious reasons, taking up Chinese citizenship would not exactly be viable and might not even be possible.

I suppose if I were to consider other countries to settle down and obtain citizenship, Australia and Singapore both seem like very viable possibilities for me to consider in the future.