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Good luck with that, fee has increased significantly and you may be required to pay an exit tax: "The Exit Tax is computed as if you sold all your assets on th
by sschueller 9y ago
Good luck with that, fee has increased significantly and you may be required to pay an exit tax:
"The Exit Tax is computed as if you sold all your assets on the day before you expatriated, and had to report the gain. Currently, net capital gains can be taxed as high as 23.8%, including the net investment income tax."
- nhaehnle 9y agoThis doesn't actually prevent you from leaving though, and is probably seen by many (most?) people as entirely fair.
- peoplewindow 9y agoIt prevents you from leaving if you can't afford to pay the tax. And lol, how is an exit tax even remotely fair? Would you have described the USSR's exit visas as fair too? The US acts like it owns its citizens as property. The tax regime around citizenship is dangerously close to crossing the line to slavery.
- abecedarius 9y agoIndeed. Almost a quarter of my net worth? The income from the remainder would still be taxed in the new jurisdiction. Slaves in antiquity could commonly buy their freedom, too.
- nhaehnle 9y agoPresumably you have to pay the tax due to capital gains on assets you own, so the solution is pretty simple: sell a fraction of those assets to cover the tax. This really isn't rocket science.