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apis , to news in Ex-Americans are suing America to get back some of the money they paid to renounce their citizenship
@apis@kbin.social avatar

If they remain US citizens, they will have to pay US capital gains tax on the sale of their home in the place they now live. They'd also be liable for US federal income tax. This would be on top of whatever taxes they're liable for in the country they moved to.

If they have renounced their citizenship and are no longer resident in the US, then they're (broadly) no longer liable for US taxes, including US capital gains on the sale of their home.

Renouncing citizenship is expensive, but massively cheaper than the taxes they'd pay as non-resident US citizens. I'd assume their income had come in under the threshold or something, so the matter only came up when they wanted to sell their home.

apis , to showerthoughts in People born in the year 2000 don't have to try and calculate how old they are when people ask them their age
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And what year it is!

apis , to youshouldknow in YSK: Simplewall is a free tool to have more control over your internet on your desktop. (For Windows)
@apis@kbin.social avatar

LittleSnitch if you're on MacOS, though I gather Apple has been caught overriding users' rules to phone home, so you may want to combine it with other measures such as a DNS manager.

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