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by msgodel 357 days ago
I've been thinking about emigrating, I'm surprised so many of my peers still try.
1 comments

Yeah but where?

Citizenship in certain forms today in many cases is just like slavery.

You are taxed on anything you make and do regardless of where you go. Giving up your citizenship too costs something like $10,000 now, where they may just take the money and not complete the process.

If you don't report earnings to Fincen they'll go after you as they did with that one person, who was technically a US citizen but had no living memory of the US and was only born there, but was raised in France. He found out when he turned 15 or 18 or some such.

Its quite the racket.

Update: its actually $2350 which is non-refundable, and if you have assets above a certain amount there are additional compliance taxes, and if they can demonstrate non-compliance in some detail you have to start over.

https://brighttax.com/blog/cost-to-renounce-us-citizenship/

Ooof, taxation is not slavery. If you don’t want to pay the tax, don’t make the money.
That's saying, if you don't want to pay the tax, just don't make money so you can eat (like there is a choice).

If you don't eat you die. So what you really say when you say that is... just die. Pay the tax, or die.

That is actual slavery when those taxes prevent or limit bare necessities like eating, or having sufficient money to support the raising of children.