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Re:Wealthy people are renouncing American citizenship by alephnan on Thursday August 05, 2021 @09:21AM (#28073351)
> So you have to find a job and a house in Cyprus

I think Eric Schmidt can afford that

> you know that you pay taxes on the country you live & work in

Yes, I know this. I live abroad.

Yes, every country has taxes. The tax rates are not the same. Additionally, countries like Singapore have zero capital gains tax. Executives can just take a symbolic job and pay themselves a symbolic salary, but they're not getting rich off their salaries

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