Makes sense that you would want to avail yourselves of the protections of a foreign jurisdiction without paying taxes or averring loyalty and then jump back to the fairer shores of the United States whenever things got sticky. Same philosophy behind defunding the police in principle!

All countries of the EU will tax you on your global income if you reside there. From the EU website: Which country can tax you?

There are no EU-wide rules that say how EU nationals who live, work or spend time outside their home countries are to be taxed on their income.

However, the country where you are resident for tax purposes can usually tax your total worldwide income, earned or unearned. This includes wages, pensions, benefits, income from property or from any other sources, or capital gains from sales of property, from all countries worldwide.

Of COURSE that they tax you ***if you reside*** there. Every country on the planet taxes people who ***reside*** within its borders. However, if I am in NY with a dual Hungarian citizenship (and thus an option to go work in EU whenever I want, at a tip of a hat, especially if the situation in US gets more tricky in the next couple of years, as it very well might) I will not be taxed.

In fact, despite the fact that I am applying for a EU citizenship, I have no immediate plans to leave US, and in fact, it is more than likely than not that I never will. BUT the dual citizenship gives me an option to do so if I so choose.

You see, the beauty of dual citizenship is that in the EXTREMELY UNLIKELY AND INSANE SCENARIO in which Hungary wants to draft you, you can always hop on a plane and go back to US, assuming the situation in US is better in this scenario.

You do realize that almost every EU country allows dual citizenship, don't you?

@anonymous that’s not true. I know of several EU countries that don’t permit dual citizenship.

@Anonymous Well, Hungary in particularly DOES allow dual citizenship, which in effect means that Hungarian passport is MORE DESIRABLE to a US citizen to citizenships of these other, "less fascist" EU countries.

Your all looking at Hungary with its REAL LIFE FASCIST GOVERNMENT as a place to escape from New York if the 2020 election doesn't go your way convinces me that the education system here really does have significant gaps. Sounds like y'all are grads of some liberal arts college with the emphasis on liberal. Have you ever heard of Viktor Orban? Do you know how certain ethnic groups were treated during WW2 in Croatia and Hungary? Be careful where you emigrate to...at least read a book maybe Eastern Europe for Dummies.

@Anonymous You seem extremely poorly informed. You do realize that Hungary (whatever you may think about its current government) is a full fledged member of the EU, and that Hungarian passport entitles you to live and work in any other EU member with all the rights that any other citizen of that country would have (except, perhaps voting)? And that getting a Hungarian passport does NOT require you to relinquish a US one? Just because you get a Hungarian passport does not mean you even intend to leave the US. It just means that you have option to down the line. Why on Earth would you chose NOT to get a Hungarian passport and thus get a preferential access to labor market of the entire EU, should the need arise?