Replying to Change this if you want

Renouncing American citizenship will become increasingly common in the coming years.
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TheGrinder 1y ago

I hear there is an exit tax on that too?

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15
Change this if you want 1y ago

Seems like 20% of your net worth

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Sovereign Being 1y ago

Insane

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TheGrinder 1y ago

I have a friend in Spain who told me once that you're still obliged to report to the IRS even if you live abroad. Exit tax and reporting back though you don't even live there is absurd.

15
Change this if you want 1y ago

Yes, American citizen are world wide taxed lol

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TheGrinder 1y ago

Zeeeee freeeeeeeeee

15
Change this if you want 1y ago

Yeah they lost their freedom seems like a long time ago

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OceanSlim 1y ago

Lol. They can try...