> If you have financial assets worth over $2 million, you may have to pay a one-off exit tax calculated as a capital gains tax as if you sold all of your asset

> If you have financial assets worth over $2 million, you may have to pay a one-off exit tax calculated as a capital gains tax as if you sold all of your assets on the day you renounced. Enforcement on that appears to be about zero. A fair amount of the increase this article is discussing is likely cryptobros inspired by Roger Ver's success-- he renounced US citizenship while owning >40k bitcoin (potentially much more than 40k, that is just what was in his publicly identified wallet) at a near zero cost basis worth over $20 million at the time while paying only about $200k in exit taxes (he tweeted a picture of the exit taxes check), presumably for his non-bitcoin properties. He even setup a company to help other people get st. kitts passports that promoted evading US taxes as a top level feature.