Originally Posted by mr pheer

did you mean "renounce" your citizenship?

In order to do that, you need to become a citizen of another country first. And, you must first pay the irs 100% of what you owe, and hope that they dont decide to tax you on your future income earning potential as well. If you have a high income, you can be assessed for the next 10 years after you renounce your citizenship and still owe tax on it to the irs.

Yes, they do that.