Citizenship Abroad to Avoid Paying Taxes...

[FatTony21]

Give Croatia a look. You can get permanent residency permit for having a boat docked there. If you file as a professional gambler, you can exclude up to $80,000 of income per year, so long as you stay outside the US for at least 330 days of a 360 day period. Combine that with other deductions, and you'll pay little to no federal income tax (although you will still pay social security). You won't have to give up US citizenship, in case you do change your mind one day and decide to go back. Another option is going to an EU country that borders a non-EU country (Slovenia and Hungary for example, bordering Croatia and Romania) and traveling to the non-EU country for at least 1 day every 90 days. As a US citizen, you can stay in an EU country for 90 days visa free, and when you cross into the non-EU country and return, you get another 90 days (that's not how the law is technically supposed to work, but it's reality of how it's enforced).

If you really think you'd be happy living outside of the US, then you should do it (although I'd recommend doing it for reasons other than income tax deductions). If you do want to travel, and don't have your heart set on visiting Cuba, then a US passport will get you into more countries hassle free than just about any other.

FWIW, I've been living in Europe for the last 2 years, the last 4 months in Hungary as a professional gambler. It's been a great experience, probably the best of my life so far. That said, for a variety of reasons, I've decided to move back to the US next month. I once looked into non-US citizenship to avoid taxes on gambing, and I'm glad I didn't burn any bridges.