Quote:
Originally Posted by wig
Maybe you don't know this, but the USA taxes its' citizens regardless of where they live.
The only out is if you turn in your passport and renounce your citizenship.
Even then, if the IRS determines that you did this to avoid paying income taxes, they will still tax you for 10 years.
On top of that, there is an exit tax on certain assets that are moved offshore.
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Yeah, thats right. I guess thats why you see more canadians moving to costa rica and the caymans rather than americans. That quite the noose around the neck. Even still, i would hope most americans aren't so self involved that the only thing they consider when voting is how much they are paying in taxes. So much more makes a successful country than just that. Step outside of yourself for a few moments.