5 ms·
Renouncing citizenship has something like a 20%-of-net-worth tax
by hawaiianbrah 4y ago
Renouncing citizenship has something like a 20%-of-net-worth tax
- imgabe 4y agoMight still be worth it if there were a significant wealth tax and you did it in advance of an IPO or other event that greatly increased your net worth. A wealth tax would also have the effect that people expecting to generate lots of wealth would just move somewhere else to do so, or not come to the US in the first place.