3 ms·
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax https://www.irs.gov/individuals/international-taxpayers/expa... Should not affect most
by pedrosorio 6y ago
https://www.irs.gov/individuals/international-taxpayers/expatriation-tax https://www.irs.gov/individuals/international-taxpayers/expa...
Should not affect most people, but if you have unrealized capital gains over ~$700k, you will be taxed as if you sold them when renouncing citizenship.
- voisin 6y agoWhy is this ok to impose on some people but not others?
- pedrosorio 6y agoThe rules are the same for everyone. The first $700k of unrealized capital gains are tax free for anyone renouncing their citizenship.