| Ail said: except you missed my latest edit where I added something in bold. Here's the official text from the federal site about citizenship : P.L. 104-191 contains changes in the taxation of U.S. citizens who renounce or otherwise lose U.S. citizenship. In general, any person who lost U.S. citizenship within 10 years immediately preceding the close of the taxable year, whose principle purpose in losing citizenship was to avoid taxation, will be subject to continued taxation.
The determinging factor to determine if you are trying to avoid taxation being whether you make over 100k/year or have a net worth of over 500k.. So nope, you will not evade ;) |
I don't have to evade, I'm a Canadian and pay lower taxes than my equivalent American ...
I do find it interesting though, that progressives in the United States always call for Americans to follow Canada's example; but are completely unwilling to follow Canada's taxation or budgetary policies.
