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I feel like I'm in crazytown when I express distress about taxation - literally people forcibly taking away your property - and ppl act like I'm the crazy one. Sure, you could argue that this forcible theft is worth it, and I'll respect that, but it's still not crazy to be upset.

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Why don't you leave the US? If the answer amounts to you like the public goods here - roads, relatively clean air, relatively low crime, etc etc etc - then in fact what you're saying is you want to free ride, i.e., enjoy the benefits of taxes, without actually paying.

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US still taxes citizens that move out of the US.

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This is a common misunderstanding. It requires that they file a tax return (which they shouldn't, IMO). But most US citizens living abroad that I've spoken to say that they pay very low or zero US taxes, unless most of their income is actually US source.

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I'd like to see a source for your claim here, as the IRS site suggests otherwise? irs.gov/individuals/in

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Just conversation. I wonder now if the people I've spoken with had renounced their citizenship.

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I don’t think that’s right. If you have residency outside the US you still have to file a tax return not necessarily pay tax, but if you renounce citizenship you’re done.

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The Tax Consequences of Renouncing US Citizenship

Many folks who want to renounce their US citizenship never stop to consider the tax consequences of renouncing... and the exit tax isn't the only issue.

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Right doesn't mention having to pay for 10 years, or that you have to pay when you're non-resident. Also renouncing citizenship doesn't mean you can't visit the US :)

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It appears the 10 year thing is no longer in effect, although this was the case at one point. They replaced it with an exit tax, which means upon renunciation, all of your assets, including businesses and properties, are taxed as though you sold them.

9:23 PM · Apr 24, 2021