> If I emmigrate to Switzerland (or wherever) and renounce my US citizenship, the US believes it has the right to take 40% of my assets and tax my Swiss income

> If I emmigrate to Switzerland (or wherever) and renounce my US citizenship, the US believes it has the right to take 40% of my assets and tax my Swiss income for the next ten years. That's gangster state BS. I was not aware of that, and given how crazy that sounds I looked it up, and it seems to no longer be true.[0] I still find it crazy that US citizens have to pay taxes when they live abroad. [0]: http://www.expatinfodesk.com/expat-guide/relinquishing-citizenship/renunciating-your-us-passport/misconceptions-about-renunciation-of-a-us-passport http://www.expatinfodesk.com/expat-guide/relinquishing-citiz...