this post was submitted on 29 Dec 2025
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Mildly Interesting
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Most people aren't even living there, they're just buying into citizenship and a tax haven.
How is it a tax haven? Even when becoming a citizen in another country the US still requires you to pay taxes.
This reminds me of the Seinfeld episode where Kramer kept insisting that companies "write it off" and Jerry asks if he even knows what that means.
If "capital gains not taxed" didn't leap off the page at you, you are a poor slob who must actually have w-2 income? Keep up the good work while the wealthy sleep soundly on the tax code they bought and wrote.
The article is referring to Caribbean taxes not US taxes. If you have US citizenship, you have to pay taxes to the federal government regardless of where you live, work, or earn your money, and don't lose your US citizenship just because you become a citizen of another country.
You can in fact, simply give up US citizenship.
If own the lottery tomorrow, and needed a “no capital gains taxes” state to be a citizen of, this would be sorta tempting.
Also noteworthy, the IRS doesn’t come after international citizens. Sure they can go after you domestically, but if your accounts are not American accounts and your assets are in other nations, you can just live your life not filing taxes without going back to the US as a citizen.
Wouldn’t that only qualify against a 186 day rule?
Check out the Foreign Earned Income Exclusion…
"Earned income" means W2 wages not capital gains or any of the other avenues rich people make their money.
I don't see how that would apply to someone not actually living outside the US as this sub-thread suggests.