AaronDaniel on Nostr: He didn't sell. It a "constructive" (legalese for imaginary) sale that happens by law ...
He didn't sell.
It a "constructive" (legalese for imaginary) sale that happens by law when one renounces citizenship, triggering capital gains taxes on the value of assets held at that time.
It's a wealth tax designed to deter citizens of means from renouncing citizenship (the US taxes citizens earning abroad).
Published at
2024-05-01 17:10:41Event JSON
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