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A comment on Moving money internationally. Parent comment

Re:Moving money internationally by rswail on Thursday March 03, 2022 @08:56AM (#30541023)
What is interesting is that revoking your US citizenship (or Green Card permanent residency) isn't sufficient to stop you being subject to IRS law.

It actually costs you money, $2,350, to give up your citizenship.

The filings to give up a Green Card is equally byzantine.

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Re:Moving money internationally by fmajid on Thursday March 03, 2022 @09:03AM (#30541116)
Yes, and a substantial exit tax.
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Re:Moving money internationally by mneubrand on Thursday March 03, 2022 @11:36AM (#30543201)
For net worth >$2M or pretty high average income tax liability in the years before expatriation. Otherwise it's just the $2350
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