Comment on There are Minimum Wages, Why Not a Maximum Wage?

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merc@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

The US has exit taxes, as do many countries. If you try to renounce your US citizenship, you can be taxed based on the value of unsold assets.

I hate that the US is one of the few countries in the world that has citizenship-based taxation. It’s awful and stupid. But, in theory, it does mean that an American couldn’t just avoid taxes by moving to another country.

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