US Citizenship Renunciation To Rise "Dramatically For The Rich?
I guess they see the handwriting on the wall and can buy citizenship else where then liquidate any cash and use Bit crypto money to get their money out the country. You can always vote with your feet and get out before The USA turns into a socialism state. Only a Great reset can snare them now.
Just like The Chinese millionaires have done already.
The number of US citizens looking to renounce nationality will increase “dramatically” because they’re looking to break free as taxes rise, an advisor handling such individuals has told this publication.
The US taxes its citizens on a worldwide basis - the only major country to do so - and expats must file annual returns to the Internal Revenue Service. With the Biden administration expected to push up income, capital and estate taxes in the coming year or so, high net worth Americans are in the firing line. And for expats, they can only escape the net if they give up their citizenship.