this post was submitted on 05 Nov 2025
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Microblog Memes

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A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

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[โ€“] Don_alForno@feddit.org 5 points 1 day ago (1 children)

Anyone trying to avoid US taxes would have to renounce US citizenship

... and would then pay a hefty exit tax.

I'm not convinced on the "only country that can" part though.

[โ€“] Taldan@lemmy.world 1 points 18 hours ago

Huh, TIL. Didn't realize the US had an exit tax. Sounds like it forces a sale of US based assets when you renounce citizenship, then you have to pay taxes on that