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by masklinn 3780 days ago
That's debatable but as the article notes citizenship-based income tax has been part of US law for a long time without that much issue (the standard deduction is already pretty high, it's just a pain in the ass that you have to declare it but most expats have been living with that for a long time).

FATCA is utterly bonkers though.

1 comments

They couldn't enforce much before FATCA. Now they can easily see and potentially seize your account funds.