Oddbean new post about login | logout I am in New Zealand. But I'm a god damned American citizen and they won't let me quit without taxing 100% of my "stuff" as an exit tax.
Seriously?
Digging into this again to get you a reference and it looks like I am wrong. There is a mark-to-market regime, but (1) I don't qualify under the 3 tests, and (2) even if I did there is a $600,000 reduction and an $821,000 exclusion.... looks really complicated to work out though... but worth it to stop filing US taxes.
Under penalties and perjury...so they never forced you to sign.
Why can't you renounce?
Just pay the exit tax,especially if you believe BTC might be worth more in the future.
Looks like if I renounce I will not be a "covered expatriate" according to instructions for form 8854. I'm gonna do this.
Go get ur freedom
Still not see the power of Monero, anon? What Bitcoin is for theft through inflation, Monero is for theft through taxes. The second is even more powerful, as it changes the relationship between individual and state. #ETF - end the fed is nice but #ETA - end the abuse is even better