3 ms·
Then don't?
by pests 3y ago
Then don't?
- dghlsakjg 3y agoHow do you suggest that I convince the US government not to tax me, or not to spend that money on the f-35 program?
- pests 3y agoYou give up citizenship. You're acting like it's some impossible thing. Close to 10,000 people do so a year. My money is on you actually enjoying the rest of the benefits America provides so you won't do it. But if you cared enough, you would.
- dghlsakjg 3y agoSadly, my backup citizenship is Canadian, so I get to pay for F-35s no matter what I do. On that note, giving up your US citizenship does not in any way prevent you from being taxed by the American government. There is a hefty fee to apply for expatriation, and then there are exit taxes that may have to be paid.
- pests 3y agoThe hefty fee is only $2350, about two years of your F-35 payments. The exit tax is just your unpaid taxes and only applies to high net worth individuals (over $2 million) or other special circumstances. If you already paid taxes on income, you won't be double taxed. It's basically the pro-rated "final tax bill" because you are leaving in the middle of the tax year.