Re:John McAfee found dead in Spanish jail after court approv...
by freedomben on Wednesday June 23, 2021 @06:08PM
(#27611128)
Not just that but as a US citizen even if you aren't living in the US anymore you still have to pay US taxes. The 2014-2018 income taxes he owed were while staying abroad. The US forces you to renounce your citizenship to get out of paying taxes to a country you don't live in. IANAL but that's my understanding.
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Re:John McAfee found dead in Spanish jail after court approv...
by Mirioron on Wednesday June 23, 2021 @07:09PM
(#27611718)
And when you renounce your citizenship they tax your existing wealth.
Re:John McAfee found dead in Spanish jail after court approv...
by nvarsj on Thursday June 24, 2021 @07:15AM
(#27616068)
> The US forces you to renounce your citizenship to get out of paying taxes to a country you don't live in.
Which you can't even do for the last year+, since all the embassies are closed to renunciations indefinitely.
Re:John McAfee found dead in Spanish jail after court approv...
by stjohnswarts on Thursday June 24, 2021 @05:30AM
(#27615490)
Yeah I really never understood this, but they do mitigate it a bit as you can write off foreign taxes as a "cost" and greatly reduce your tax rate
Re:John McAfee found dead in Spanish jail after court approv...
by Uberphallus on Thursday June 24, 2021 @07:25AM
(#27616118)
Even more, a court may say that you're still US citizen even if you renounced, for the only purpose of being able to prosecute you.