2 ms·

And that's because for some unknown reason the US is one of the few countries that tax based on citizenship, and not residence [1]. It's absurd. Even resigning

by q3k 7y ago

And that's because for some unknown reason the US is one of the few countries that tax based on citizenship, and not residence [1]. It's absurd. Even resigning your citizenship is taxed [2]. [1] - https://en.wikipedia.org/wiki/International_taxation#Citizenship https://en.wikipedia.org/wiki/International_taxation#Citizen... [2] - https://nomadcapitalist.com/2018/06/16/tax-consequences-of-renouncing/ https://nomadcapitalist.com/2018/06/16/tax-consequences-of-r...

arcticfox 7y ago
> It's absurd As someone who has paid a truckload of these taxes: I don't think it's that absurd. You're not double-taxed. And if you want to relinquish citizenship, you can.