Am all in on this stroke as well.
apis
joined 1 year ago
Tbf, there are far more pressing reasons for distrusting Tankies... Instances getting hacked is for sure aggravating, but it isn't the gulag-backed paranoid ultra-corrupt authoritarian hellhole they so admire and wish to expand globally.
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.