Comment on "US Person": is a red flag for financial institutions in Europe
thespcicifcocean@lemmy.world 1 day agoi don’t have a second citizenship to fall back on, so i’d be stateless. also, i can’t afford to since you have to pay all the taxes on potential income for the next 10 years or something
teft@piefed.social 1 day ago
Only people who make more than 200k/year or have more than 2 million in unrealized taxable assets have to pay an expatriation tax.
There is no paying future taxes as that’d be asinine.
thespcicifcocean@lemmy.world 1 day ago
TIL, i thought i read that 10 year tax thing somewhere. probably just bs i saw online and didn’t look into it
njm1314@lemmy.world 23 hours ago
I would absolutely talk to an embassy or at least an international tax professional before making decisions and not rely on Lemmy.
diablomnky666@lemmy.wtf 10 hours ago
You only have to pay taxes for 10 years after expatriation if you set foot on US soil for more than 30 days during that period.