Kasz216 on 20 September 2011
| Ail said:
If you have over 100k of a revenue a year and give up your US citizenship for another one ( and you have to give it up, moving only doesn't do shit as US citizens are based on worldwide revenue) the IRS considers that you are trying to evade taxes and will still have you pay taxes for the next 10 years, even if you are no longer a US citizen . |
Only on US earned income...
which, we're talking capital gains here.
Not US earned income.
The actual attempts at taxing world wide income by the government doesn't work that well because you can just take that as a tax credit agaisnt US owed taxes.
