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Ah, yes, the 'Heroes Earnings Assistance and Relief Tax Act of 2007'. I'm no tax attorney, but I believe that was the act that subjects me to immediate capital
by gyardley 16y ago
Ah, yes, the 'Heroes Earnings Assistance and Relief Tax Act of 2007'.
I'm no tax attorney, but I believe that was the act that subjects me to immediate capital gains tax on all my illiquid assets (read: start-up stock) at their fair market value should I ever stop being a permanent resident of the United States.
Woo, nothing like potentially bankruptcy-causing exit taxes, especially when they're triggered by losing permanent residency - a status that's not 100% up to me. And my fiancee wonders why I get nervous whenever I cross the American border.
Can you believe I was eventually planning to naturalize when I got my green card eight years ago? Now that just cracks me up.