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A comment on Expatriate Americans Break Up With Uncle Sam to Escape Tax Rules. Parent comment

Re:Expatriate Americans Break Up With Uncle Sam to Escape Ta... by philiphodgen on Tuesday June 17, 2014 @11:52PM (#7908452)
Correct. If you are "rich" ($2 million net worth or $157k average tax bill over the previous five years) then you pretend you sold everything. The first $680k of gain is tax free but you pay tax on everything above that. Bad things happen to your retirement plans and IRAs.
[ Parent | on HN ]
Re:Expatriate Americans Break Up With Uncle Sam to Escape Ta... by NonEUCitizen on Wednesday June 18, 2014 @02:58AM (#7908854)
What happens to your retirement plans? Treated as if you withdrew all of them that year?
[ Parent | on HN ]