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.

[–] CmdrShepard49@sh.itjust.works 0 points 6 hours ago* (last edited 6 hours ago) (1 children)

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.

[–] sudoshakes@reddthat.com 1 points 3 hours ago

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.

[–] potpotato@lemmy.world 0 points 9 hours ago

Wouldn’t that only qualify against a 186 day rule?