It’s a win win, one less dirty liberal and I have funds to start over somewhere else.
That $5 million isn’t for you
Ironically enough, you actually have to pay the US Government to renounce your citizenship. The base fee is $2,350, but the application process is so lengthy and complex the total cost can run up into the $20k range. Oh, and you’re still obligated to pay taxes and subject to the draft.
TAX & MILITARY OBLIGATIONS
Persons who wish to take the oath of renunciation under INA 349(a)(5) or who are requesting a Certificate of Loss of Nationality under INA 349(a)(1)-(4) should be aware that if the Department issues of a Certificate of Loss of Nationality in the person’s name (reflecting the official determination of loss of U.S. nationality) the former U.S. citizen’s U.S. tax or military service obligations may remain unchanged (contact the Internal Revenue Service or U.S. Selective Service for more information).
L M F A O
I’m pretty sure that’s supposed to mean that they don’t assess any new liabilities or obligations, but you can’t get out of anything they’ve already assessed by relinquishing citizenship.
Yeah, most likely. Although it does sound as if the ol’ ball & chain could be attached indefinitely on first read. I imagined sliding something to that effect in a joint contract and have my ex-roommate come in to do my laundry every week after leaving according to the vague print. lol
Why is it Americans still need to get taxed and drafted even outside their home nation. Nobody else does that
For taxes: initially it was because business owners were renouncing their citizenship as a way to avoid income and capital gains taxes, as well as estate taxes. Once that was done though then the feds realized they could squeeze everyone.
For the draft: during the Vietnam War people would flee to other countries (usually Canada) and renounce their US citizenship, even if they didn’t obtain citizenship elsewhere. Becoming a stateless person was (correctly) seen as less of a death sentence than being sent to Vietnam.
Catch is “somewhere else” wants 6 million to make you a citizen.
This is unironically something I would consider. I would sell me and my family’s citizenship for 20 mil and go live either in Mexico or Spain. I have family in both of those so it would be nice to see them more often.
I’d suspect the five million ain’t going to be worth much after Trump is done.
Oh that’s why trump wants his face on the 100 dollar bill, since he knows he’s making it worthless anyway
