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They can be prevented from taking it with them. Try renouncing US citizenship; you'll have to pay a big penalty to the IRS to do so...
by ucee054 14y ago
They can be prevented from taking it with them.
Try renouncing US citizenship;
you'll have to pay a big penalty to the IRS to do so...
- fusiongyro 14y agoYes, but people are starting to do it. People who get wealthy tend to care about their money a lot, and are very willing to do the math and see if the big penalty at departure is higher or lower than the sustained penalty of staying.