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A comment on How to not pay your taxes legally, apparently. Parent comment

Re:How to not pay your taxes legally, apparently by lancewiggs on Saturday July 05, 2025 @04:53PM (#44475465)
If you are a US citizen then US tax will apply to you wherever you are. People form other countries switch off their home tax if they do not meet residency requirements.

There is no capital gains or wealth tax at all in New Zealand, but only for domestic investments. For offshore investments there is a deemed return that you treat as income, so if your wealth is tied up in illiquid stock then it can be dire.

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Re:How to not pay your taxes legally, apparently by bgnn on Saturday July 05, 2025 @05:24PM (#44475671)
Yeah so your offshore investment ruling is applicable for domestic investment in the Netherlands too.
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Re:How to not pay your taxes legally, apparently by diggan on Sunday July 06, 2025 @06:48AM (#44479547)
> If you are a US citizen then US tax will apply to you wherever you are.

I just learned about this fact this year or so and it's absolutely bananas how people are just accepting this as a normal thing. In what world does it make sense to pay taxes to a country based on citizenship rather than actual location/residency?

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