They are trying to make it impossible to get out now.
U.S. Hikes Fee To Renounce Citizenship By 422% - Forbes
U.S. Hikes Fee To Renounce Citizenship By 422% - Forbes
To leave America, you generally must prove 5 years of U.S. tax compliance. If you have a net worth greater than $2 million or average annual net income tax for the 5 previous years of $157,000 or more for 2014 (that’s tax, not income), you pay an exit tax. It is a capital gain tax as if you sold your property when you left. At least there’s an exemption of $680,000 for 2014. Long-term residents giving up a Green Card can be required to pay the tax too.
Why didn't they spend their time improving the country? idiots.
Because they'd prefer to reside somewhere else? How's Chiang Mai?
Lol at making the title "hikes fee by 442%" and then bury at the bottom of the article that it is only a $2k fee haha.
It's $2k for an interview and filling out forms. You think that's reasonable? I like how lefties always prattle about how businesses gouge customers. No businesses have ever gouged me as much as gov't. This is a good example.
Another example: Recently, I had to file some court papers against an asshole who totaled my car. The court wanted $5 to make a xerox and $10 to mail an envelope with a printout.
Rising demand means they can get away with it.
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or about 0.00057% of the entire population
If you can't pay it now and GTFO, I think the wise thing to do is to not pay it at all and just happen to be on vacation in a place that won't extradite you when the crash happens... Good luck timing that one properly though!
So what country would be a place where they won't send you back...that's not in the Middle East?