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A comment on Wealthy people are renouncing American citizenship. Parent comment

Re:Wealthy people are renouncing American citizenship by AdrianB1 on Thursday August 05, 2021 @04:48PM (#28079557)
My company frequently has campaigns with prizes: we pay the taxes, so the prize looks "tax free" to the winners. It is just where the tax and paperwork burden is placed, on the payer or on the winner.
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Re:Wealthy people are renouncing American citizenship by throwaway287391 on Thursday August 05, 2021 @05:01PM (#28079750)
Is it taxed at (average?) income tax rates or VAT rates or what? Unless it's taxed at the highest marginal income tax rate, it seems like there's still at least some loophole potential.
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