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A comment on Wealthy people are renouncing American citizenship.

Re:Wealthy people are renouncing American citizenship by hnbalsamicw on Thursday August 05, 2021 @11:53AM (#28075467)
As a permanent resident living in the US I find myself wondering if it thusly makes sense to never take US Citizenship. It seems like I can easily abandon my residency the moment I want to retire and leave the US. Am I missing something ?
[ Parent | on HN ]
Re:Wealthy people are renouncing American citizenship by gniv on Thursday August 05, 2021 @12:13PM (#28075762)
It's more complicated than that. If you've had the green card more than (I think) 8 years you will be treated like a citizen should you want to give up the residency. So you have to pay the exit taxes (mentioned somewhere else in this thread).
[ Parent | on HN ]
Re:Wealthy people are renouncing American citizenship by liquidmetal on Thursday August 05, 2021 @12:03PM (#28075632)
Permanent residents are also subject to the expatriation tax AFAIK.
[ Parent | on HN ]