Wait, do they actually pursue people in that situation? Would someone need to move to a country with no extradition treaty if they didn’t want to pay taxes to a country they are no longer a citizen of?
It’s way worse than that; You have to pay income tax on your entire net worth when you renounce your citizenship. Basically, they say that when you renounce your citizenship, all of your assets are considered “sold” so you need to pay tax on it. The US also requires you to keep paying income taxes for a decade after you have renounced your citizenship. There was a big push around the 2008 crash, where congress became concerned that people would renounce their citizenship to dodge taxes. So they started making laws that required taxes to be paid even after expatriating.
Imagine moving to Germany and renouncing your citizenship, and you’re still paying income tax in America, for the income you made while in Germany.
prole@lemmy.blahaj.zone 1 week ago
mic_check_one_two@lemmy.dbzer0.com 1 week ago
They’d just wait for you to inevitably come back to the states to visit; Regardless of your personal feelings on nationality, everyone has parents who will get old and sick eventually, and chances are very good that you’ll come back to visit them or to settle their estate afterwards.
endeavor@sopuli.xyz 1 week ago
Not to mention when you are an US citizen, you have to pay taxes to us even if you have never even been to us. Green card and the american dream are the biggest scams an immigrant can fall for.
AJ1@lemmy.ca 1 week ago
I bailed out. Fled to Canada, where after 16 years of happiness it now looks as if I might lose my country and be forced to become American again… fuck that. I’d rather die. I’ll disappear into the Shield and survive on bass and pickerel for the rest of my life, living like Rambo. Yeah John Rambo was American, but he would’ve been much better off as a Canadian.
zipzoopaboop@lemmynsfw.com 1 week ago
Maybe asylum due to political threat to safety or something