Iirc you can stop paying taxes but literally only if you give up your US citizenship entirely. But to do that, you have to book an in-person appointment with feds where you convince them to give you permission. And I’m pretty sure there are no laws or procedures they have to follow; it’s just vibes-based whether or not they let you go.
iirc the up-front cost to renounce citizenship is $4300 and they also levy any possible taxes on all your assets at time of renunciation, so you get to pay your capital gains up-front as well
i really hate how the US makes no bones about ownin’ my ass. if one ever looks around, one finds benefits to citizenship are accidental, ancillary. you’re their asset, born into and for the machine. fuckin’…fuckin’…
can you actually renounce paying taxes? i thought i read the US was unique in that was very hard to, even if you renounce citizenship as you say
Iirc you can stop paying taxes but literally only if you give up your US citizenship entirely. But to do that, you have to book an in-person appointment with feds where you convince them to give you permission. And I’m pretty sure there are no laws or procedures they have to follow; it’s just vibes-based whether or not they let you go.
you also have to pay them money to renounce it, it’s not free
iirc the up-front cost to renounce citizenship is $4300 and they also levy any possible taxes on all your assets at time of renunciation, so you get to pay your capital gains up-front as well
i really hate how the US makes no bones about ownin’ my ass. if one ever looks around, one finds benefits to citizenship are accidental, ancillary. you’re their asset, born into and for the machine. fuckin’…fuckin’…