Oddbean new post about login | logout I’m fine to pay some kind of minimum tax to live in a good place. But the US is getting excessive and the exit tax at $2m is a joke. A few more years of inflation and most folks will be making $2m a year. :)
Any amount of tax is theft and slavery. Some people are fine with having their time stolen from them. I am not.
Totally fair. But then you cannot expect to live in a place with services like roads, police, military, etc. Unless those things can be subscribed to or paid for like how anarchists believe (which could happen - I just haven't seen it happen anywhere yet).
Is it a percentage or a number?
It is currently at $2m. Any assets over $2m are treated as if sold and you pay taxes at cap gains rates.