The State Department has slashed by about 80% the fee for Americans to formally renounce their U.S. citizenship.
After years of legal battles with several groups representing Americans wanting to give up their citizenship, the department on Friday published a final rule in the Federal Register that reduces the cost from $2,350 to $450.
The new fee, which took effect on Friday, had been promised in 2023 but had never been implemented. The cost is now the same as it was when the State Department first started charging Americans to formally renounce their citizenship in 2010.
For any dual citizenship person, or someone who happens to have been born there, and living outside the US, that sounds like a great deal. And no longer having to deal with US tax every year. It’s the only country who taxes you as a citizen living outside the country - for a country founded on their abhorrence to “taxation without representation”, they sure do a lot of it.
Come on, someone has to make up for the taxes the corporations aren’t paying
Income taxes were unheard of in the revolution too. The feds weren’t in everyone’s business, by design. Just tariffs and duties and such for money. In the civil war they started income taxes, then cancelled them after the war. The restarted them in wwi, and kept them since.
Income taxes were supposed to be temporary when they were implemented.
There’s no limit to temporary. I’m sure they’ll drop it soon!
According to leading astronomers, the sun is temporary too
Projection. The most represented class is the most undertaxed - the wealthy and the corpos
Eh, it’s not the only country. There’s one other.
Eritrea.
“But wait, there’s more!”