If they're dumb enough to do that, they deserve their fate. Secondly, they still get an estate tax at that point. If they renounce their citizenship, they'd be taxed at 40%. We tax if you leave American citizenship. Third, wealth taxes haven't met, worked in other countries for two reasons. One, that most other countries don't tax based on nationality, they tax based on territory. (06:33–06:37)
CLAIM
Asserts that the U.S. taxes individuals who renounce American citizenship.
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