The record of expatriates has been set and broken for 4 of the past 5 years. Almost all of them have been the extremely wealthy too.
What that article failed to mention is the
expatriate tax that goes along with this. The tax is 5% of your net worth, calculated by a mark-to-market method (unlike fair market value for nearly all other IRS net worth calculations), which makes the tax a little higher. And that means that if you have any income in the US, the IRS requires any agent who is acting on your behalf to withhold 30% of that income for federal income tax, and if you are due a refund, you have to file a 1040NR.
What this means is, we now have more people than ever who not only left the country for good, but also have taken all of their money and investments too. That's bad when the average expatriot is worth in the tens to hundreds of millions of dollars, or more.
Was kingnobody one of them?
You only wish. At least you have accepted the fact that I am a US citizen.
I hope he doesn't think he can hide if he is part of the financial turmoil. I remember him asking me about it here and the curiosity sounds like a guilty conscious.
I asked you why you think the wealthy would have a guilty conscious. You never answered, like how you
never answer any of my questions. I guess you are afraid of education and knowing the actual truth, and rather stick with your imaginary "truth."
Fear not though Justice knows no borders :)
Oh, by the way. If, for some rare and bizarre chance you become President, and you were to actively attack expatriated citizens, you know that would be an act of war to the countries they live in, right?
But what am I talking about? You still are under the delusion that the Federal Reserve devalued the currency, which pretty much everyone else of importance says otherwise.