The Soapbox

TomGlansAski

Joined: 12/05/2017 Posts: 30919
Likes: 57027


I agree that that is a risk that needs to be managed, but explain how


capital flight would work when: 1) the US taxes citizens worldwide, and 2) renouncing citizenship triggers an exit tax* that would be many multiples of any likely wealth tax rate.

*for people likely to be covered by a wealth tax, this would be 23.8% of all unrealized capital gains

(In response to this post by BocaHoo91)

Posted: 01/19/2023 at 10:50AM



+1

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Current Thread:
  WGAF? ** -- Seattle .Hoo 01/19/2023 1:25PM
  That's the underlying point of the criticism. -- Shenhoo 01/19/2023 11:51AM
  Pic -- ryno hoo 01/19/2023 10:29AM
  🦗 🦗 🦗 ** -- TomGlansAski 01/19/2023 12:00PM
  Agree - your post was pretty clear, Glans. ** -- ResistHoo 01/19/2023 10:53AM
  Oooh, sick burn Resist! ** -- TomGlansAski 01/19/2023 10:58AM
  I know you are but what am I ** -- Brown Water 01/19/2023 11:41AM
  I don't see Glans ever doing this either. ** -- ResistHoo 01/19/2023 12:46PM
  Sandwich artist, heal theyself. ** -- ResistHoo 01/19/2023 11:07AM

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