Submitted 3 days ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
https://www.theguardian.com/us-news/2026/mar/17/cost-renounce-citizenship-trump-administration
White House will take a financial loss to make it easier for Americans to walk away from citizenship starting in April
Archived version: archive.is/…/cost-renounce-citizenship-trump-admi…
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Uplifting news
It’s not. The US taxes its citizens based on income earned worldwide. This prevents wealthy citizens from continuing to enjoy the benefits of US citizenship and use a US passport while also using tax schemes to pretend all their income was earned in foreign tax havens and not subject to income tax.
To people that wealthy, $2350 would be nothing. No rich person is keeping their US citizenship because of that fee. And, they’re avoiding taxes just fine as US citizens.
More likely, they want to make it easy for liberals to flee hoping it will help secure a majority for them.
And as with everything US this fucks regular expats and the rich don’t give a shot because they’re already “not earning anything”.
What a great time to not be American!
I didn’t even know you had to pay for this.
DarkFuture@lemmy.world 3 days ago
Lol. It cost $2350 to stop being American?
That is the most American thing I’ve ever heard of.
Pyr_Pressure@lemmy.ca 3 days ago
I think American citizens living abroad still have to pay income taxes or something. So they probably wanted to disincentivize getting rid of citizenship so they still get your taxes.