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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (21853)5/10/2010 1:09:10 PM
From: grusum4 Recommendations  Read Replies (1) of 50504
 
"Becoming an ex-Pat is looking better every day."

yes it is, BUT it now takes 6 years to renounce citizenship. free country, eh? during those 6 years you are fully taxed by the IRS. additionally you are only allowed a paltry sum to take with you if you leave. the rest will be taxed at extremely high rates. i think somewhere around 50% but that may have changed again in the last couple years since i read about it. it's not your money ya know, it's theirs, and they know it.
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