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> Doing so makes you pay a punitive exit tax on all you assets as if you had sold them. This sounds like the blasphemy punishments for leaving a religion or cu
by Razengan 6y ago
> Doing so makes you pay a punitive exit tax on all you assets as if you had sold them.
This sounds like the blasphemy punishments for leaving a religion or cult.
What’s the point of that?
- thaumasiotes 6y agoThe point is to make sure you can't avoid paying the inheritance tax just by not being an American when you die. Of course, it's still obviously worth it since your children won't have to pay the inheritance tax again...
- Aeolun 6y agoIf you give up your US citizenship anyway, why would you actually pay them anything? It seems like your obligation to pay the US government ends with your nationality.