Quote:
Originally Posted by u-Bob
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i like this part:
In fact, you may end up owing him
Before renouncing your citizenship, you have to pay all back taxes and an exit tax. 45 per cent on the market value of all your worldly property, including pension plans, goes to the government. The first $636,000 in capital gains is exempt.
Uncle Sam always gets his piece. What's that 45% tax for? the privilege of being a former American? i wonder how many expats successfully get off the grid?