this post was submitted on 18 Feb 2025
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Don't forget to renounce your US citizenship. It costs just $2300 + income tax on everything you have
This is why you wait until the wars start and it's free.
But isn't it true that you still have to pay some sort of annual tax to the USA even if you no longer live there?
Americans have to submit tax forms to the IRS every year, even if they are no longer living there or earning income there.
Could you explain this? I don't know the context.
A post (that now appears to be deleted) of a American that moved to Singapore and renounced their citizenship after obtaining Singaporean citizenship. Apparently the OP there was charged $2300 to do it and the post was a digital receipt for that.
I'm just spitballing here, but why would you pay taxes on your way out? I mean torch the passport, make an afternoon of it by all means. But pay a fee and tax? Just leave right?
Because as long as you're US citizen, they will persecute you for every penny of income tax even if you work abroad.
The US is one of the only countries in the world where citizens are taxed even when they don't live there (and haven't for many years). If you don't pay taxes on your way out but you have to visit for any reason, cops can arrest you when you re-enter.
You have taken all the whimsy and drama of leaving your country of birth. Fucking paper work and taxes!?!? I'm talking long beach cuts, walking defiantly off and never looking back.