Renouncing citizenship costs a lump sum of 40% of their assessment of your resources. You can't just flip them the bird and walk away.
Fly in the ointment...
Renouncing citizenship costs a lump sum of 40% of their assessment of your resources. You can't just flip them the bird and walk away. "Religion, n. A daughter of Hope and Fear, explaining to Ignorance the nature of the Unknowable." ~ AMBROSE BIERCE (1842-1914) |
|
Huh? *Any* resources?
If you're talking about resources *in the US*, then that's a perfectly normal equity tax[*]. (Perhaps a little arbitrarily assessed, for all I can tell, but still.) Are you saying Rand's example of someone who happens to have US citizenship but has practically never set foot there, will have his resources *elsewhere* impounded upon renouncing his US citizenship? Any sources on that? -- Christian R. Conrad Same old username (as above), but now on iki.fi (Yeah, yeah, it redirects to the same old GMail... But just in case I ever want to change.) [*]: http://en.wikipedia.org/wiki/Wealth_tax |
|
I seem to be out of date.
It appears to have been relaxed in 2008. Unsurprising, given the subservience to the rich. There is still an exit tax but there are a lot more loopholes in it now. I haven't the time or interest to read a bunch of IRS forms to be more specific. Sorry about that. "Religion, n. A daughter of Hope and Fear, explaining to Ignorance the nature of the Unknowable." ~ AMBROSE BIERCE (1842-1914) |