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ppl have a moral obligation to keep as much of their own property as they can away from seizure by the government

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Apr 13, 2021

Stars are aligning to rebuild the IRS & address tax gap. Here’s our take on need for multi-year discretionary cap adjustment, & a multiyear mandatory funding stream to help pay for recovery legislation– to be combined with increased reporting requirements bit.ly/3dSjLW4

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I'm curious: at what point would you personally be willing to renounce your US citizenship and move overseas to avoid punitive taxation? What fraction of your income would they have to tax before you had enough?

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Where in the world could you go where taxes are lower overall?

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Than the United States? There are many countries with lower tax burdens

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Well, that's a start... Now bring it on home. And do any of these places allow unfettered migration?

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There are a number of countries where you can quite easily get citizenship by investment if you have the money for it. Some of these countries offer citizenship for as little as the low $100ks range. I think St Kitts is about $150k.

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There are always tradeoffs, of course: the countries where it's cheapest to get citizenship by investment often don't have strong passports in terms of visa-free access to other countries, so if that's important, you're going to need to spend more money.

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If visa-free travel is very important to you, and you're willing to spend a lot of money to get citizenship by investment, you want to do it in an EU country like Malta. Now, most EU countries don't have low taxes - but some (e.g. Bulgaria) do - but what's more important is that

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Looks like I'm stranded in blue collar US.

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One possible low-cost route would be Irish citizenship if you have at least one grandparent who was born anywhere on the island of Ireland; that'd get you EU citizenship.