Skip to content

Comment on Facebook Co-Founder Gives Up U.S. Citizenshipparent

Comments

What does any of this have to do with the linked article? Savarin clearly wasn't trapped, he "escaped". He wasn't paying significant tax on overseas income, his wealth was generated inside the USA.

Point #1 seems to be belied by simple observation. My US-based career has been filled with international professionals, virtually all of whom planned on spending their careers here, and almost all of whom have/had or were planning to get US citizenship.

I guess #2 makes sense, though honestly the biggest barrier to US professionals leaving for career opportunities elsewhere is the fact that (almost without exception) the same jobs pay much better here.

If you read the article he still has to pay the exit tax.

I read the article. You mean the exit tax that "trapped" him in the USA, from which he just expatriated? I must have missed that part.

You seem to have interpreted "trapped" more literally than I. My take was that it meant he was "trapped" into paying taxes, not physically trapped in the US.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.