Just to clarify, any money he earned while a citizen of the US was already fully taxed. Only his future earnings unconnected with the United States would avoid US tax.
I thought this could be related to the discussion. Mayor of London has dual (US and British) citizenship and apparently he was refusing to pay US capital gain tax from the sale of his house in London.
I think it's a bit weird that he has to pay tax from the sale of property which is not connected to US in any way.
On the other hand I can see the logic if it is a business registered in US.
The whole thing with dual citizenship seems weird.
to pay US capital gain tax from the sale of his house in London.
I think it's a bit weird that he has to pay tax from the sale of property which is not connected to US in any way.
On the other hand I can see the logic if it is a business registered in US.
The whole thing with dual citizenship seems weird.