[JRandomFreeper]

First ex-wife... first lawyer... First dealings with government..... judgment proof ever since.

But it does bring back memories.

/johnny

[xcamel]

Who didn’t see this coming - seems we can’t get rid of the “death tax” for good either.

[FormerACLUmember]

Simple enough to get around: just transfer 100% of your assets to safe havens overseas, ahead of time before the democrat party can steal your funds. (the Mark Rich/George Soros technique)

[null and void]

...if you walk away we’ll tax your feet...

(apologies to The Beatles)

[whipitgood]

What a crock, that Congress should pass laws penalizing citizens for moving capital out of the US when there are billions going to Mexico illegally every year. Hypocrites!

[FReepaholic]

Land of the Free my @ss.

[So Circumstanced]

And all this time, I thought Bush, McCain , Teddy and the other the open borders government hacks didn’t place a value on American Citizenship!

[JimRed]

Move the money out of reach well before renouncing your citizenship...the types who do that sort of thing never were real Americans anyway, but ultra lib “world citizens”.

[rottndog]

I feel it’s every American’s patriotic duty to pay as LITTLE to the federal government in taxes as possible. Otherwise, we are nothing but enablers for our elected pathological spendthrifts.

[CindyDawg]

This may not be about people leaving the country but in the event of a civil uprising. I mean, how many people give up their citizenship? They may pack up and move to a resort in Mexico but they remain citizens.

[razorback-bert]

American version of the Berlin Wall, let the people go, keep the money.

[Fox_Mulder77]

Idiots. You can’t tax talent, intelligence, or hard work ethic. Take a self made wealthy genius in any field: America becomes a hell hole for him/her and they decide to leave. Even if the government threatened to take everything they had, there are many governments around the world that are willing to replace anything they lose and then some for them to leave.

Socialist idiots.

[Gay State Conservative]

Note to self:Before renouncing my US citizenship make sure to get all my $$$ and assets out of the US.

[DoughtyOne]

I guess that’s own own Iron curtain then.

This doesn’t conflict with the U.S. Constitution at all does it.

Who grants power in this nation? The people or the government...

[elkfersupper]

Old news, just new regarding capital gains.

For years, acknowledged expatriots have faced a levy of several years' income tax based on prior years' earnings.

Let your assets precede you, grasshopper.

[editor-surveyor]

Later

[MissouriConservative]

I’ve been seriously considering giving it all up and moving to Ireland. Guess I’d better send all my money and goodies there way beforehand....lol.

[Conservative Vermont Vet]

You know what bothers me the most (actually it P*ISSES ME OFF BIG TIME) about when I read about these pieces of legislation is that they NEVER divulge the DEMORAT (and I'd bet my last dime it was a RAT or one of the many RINO's) who adds these little stealth provisions/amendments in the dead of night, never to be seen, much less debated by the entire bodies.

Not that it would amount to a hill of beans, but it would just be nice to know who these first class A*holes are.

[Extremely Extreme Extremist]

[wizr]

So, how does this affect people moving from their expensive homes in the U.S. to their dream homes in the Caribbean, Mexico or the Mediterranean?