Right, it’s not about the IRS smelling millions, it’s about him wiring crypto to businesses he owned and him not reporting it on his taxes during expatriation. It’s all in the indictment papers. Pretty bog-standard tax fraud, nothing really out of the ordinary or exciting.
Again if it was simple “tax fraud” they would had engaged him about it in less than a year after the fact. This was 10 years ago. The criminal state is using the IRS mafia and trying to retaliate against someone threatening their criminal enterprise.
Tax issues are not criminal offences, you cannot exact violence against someone because you believe they owe you money. Scumbags do this, hence the state is a scumbag cabal.
Yeah, on the one hand I agree with your sentiment, but on the other hand it’s not that simple. Nothing in the government ever moves quick, and the IRS loves to give you plenty of time to dig your own grave as deep as you want.
The article above goes into more analysis about this situation, and includes a great quote that rings to what I previously mentioned:
“Here’s a useful trick for highly affluent readers who are desperate to avoid the exit tax: Live wherever you want, but don’t renounce citizenship. The constructive sale of assets and resulting taxable gains probably aren’t worth the trouble. Above all, don’t paint yourself into a corner by renouncing your citizenship and then calculating what your exit tax will be. The benefit of performing the calculation first is that it can influence your decision as to whether renunciation is worth it.”
That is good info and advice but people have to start pointing out that the US is run by criminal thugs and they have designed an oppressive system to keep you from escaping, with immensely complex rules to make sure they can execute violence against you at a later date if they please.
Right, it’s not about the IRS smelling millions, it’s about him wiring crypto to businesses he owned and him not reporting it on his taxes during expatriation. It’s all in the indictment papers. Pretty bog-standard tax fraud, nothing really out of the ordinary or exciting.
Again if it was simple “tax fraud” they would had engaged him about it in less than a year after the fact. This was 10 years ago. The criminal state is using the IRS mafia and trying to retaliate against someone threatening their criminal enterprise.
Tax issues are not criminal offences, you cannot exact violence against someone because you believe they owe you money. Scumbags do this, hence the state is a scumbag cabal.
Yeah, on the one hand I agree with your sentiment, but on the other hand it’s not that simple. Nothing in the government ever moves quick, and the IRS loves to give you plenty of time to dig your own grave as deep as you want.
https://www.taxnotes.com/featured-analysis/immaculate-expatriation-bitcoin-jesus-and-exit-tax/2024/05/10/7jhlf
The article above goes into more analysis about this situation, and includes a great quote that rings to what I previously mentioned:
“Here’s a useful trick for highly affluent readers who are desperate to avoid the exit tax: Live wherever you want, but don’t renounce citizenship. The constructive sale of assets and resulting taxable gains probably aren’t worth the trouble. Above all, don’t paint yourself into a corner by renouncing your citizenship and then calculating what your exit tax will be. The benefit of performing the calculation first is that it can influence your decision as to whether renunciation is worth it.”
That is good info and advice but people have to start pointing out that the US is run by criminal thugs and they have designed an oppressive system to keep you from escaping, with immensely complex rules to make sure they can execute violence against you at a later date if they please.