anIsraeliYid, the argument about SS payments looks especially silly. This is something that will be paid back with reasonable assurance. OK, it may be not the most efficient vehicle and it may be on top of your Israeli withholdings, but at the end it is the same investment paid by any US citizen and you’ll get the benefit the same way as them. “Unaffordable” is “just” a cash flow problem. If you do other investments, you can reduce them as SS is an investment, or you can even borrow against that investment … anyway, this is not a direct loss at all.
If you treat SS as simply payment to current retirees in exchange to a vague promise of future generations paying for you later – then, maybe SS becomes a payment to the people who build all the life and peace you enjoyed as a kid, growing in US (and frankly not in the US also); or as a charity to support old people.
But what about income tax – I thought that paying income tax on all world income is the biggest issue with US system of taxing all income?
I also wonder whether non-US taxes are a bigger burden and maybe having a US corp can help minimize overall tax burden. But maybe Israel and EU tax you for the work done on their territory anyway. Say, you are a tax preparer for US citizens in Israel, spend April in US when you are actually filing all taxes and claim US-only income? Of course, maybe not paying Israeli taxes is worse option and there is an issue of leaving EY to pursue additional income (at the expense of other Israeli citizens).