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He had to pay an exit tax on all his unrealized gains at the moment of rescinding citizenship, so it's almost certain that his taxes were much higher if he did
by paulsutter 11y ago
He had to pay an exit tax on all his unrealized gains at the moment of rescinding citizenship, so it's almost certain that his taxes were much higher if he did so last year.
Details please, or it didn't happen.
Just for your own information: tax avoidance is legal and expected. Tax evasion is criminal and can result in prison. The distinction is that tax evasion is when you misrepresent the facts in your tax filings.
- bmelton 11y agoTo my knowledge, the exit tax didn't exist before 2008.