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"The state also intends to make this [wealth tax] law follow you for up to a decade should you leave." I'm not up on the current law, but this is how the IRS u
by pmoriarty 6y ago
"The state also intends to make this [wealth tax] law follow you for up to a decade should you leave."
I'm not up on the current law, but this is how the IRS used to treat people over a certain net worth who renounced their US citizenship. The IRS would assume these individuals did it for tax evasion purposes and continue to tax them for 10 years afterwards.
- bonestamp2 6y agoAnd if you don't renounce your US citizenship, you pay the difference in tax savings to the US government forever, even if you don't live here anymore. Top of this page: https://www.irs.gov/individuals/international-taxpayers/us-citizens-and-resident-aliens-abroad https://www.irs.gov/individuals/international-taxpayers/us-c...