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Joined 10 months ago
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Cake day: June 8th, 2025

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  • Also, plenty of people that would renounce American citizenship are probably doing so because of tax concerns. The US is the only country that taxes citizens even if they don’t live there. You could make all your income in another country and the US still wants a piece. For people that make a modest wage in another country, there are exceptions to avoid double taxation. But, if you make a sizable part of your income from capital gains, being taxed on that when you don’t even live in the US probably becomes a motivating factor.