Re:Wealthy people are renouncing American citizenship
by robocat on Thursday August 05, 2021 @04:44PM
(#28079504)
> You also cannot renounce your citizenship for tax dodging
You just pay an exit tax, which is a percentage of your total wealth. The exit tax only applies if your total wealth is over 2 million (or less than that if you haven’t been filing properly).
You just pay an exit tax, which is a percentage of your total wealth. The exit tax only applies if your total wealth is over 2 million (or less than that if you haven’t been filing properly).
https://americansoverseas.org/en/knowledge-centre/us-taxes-a...