Quote:
Originally Posted by HappyTexan
He became a citizen in 2008. He's spent the last 3 years in Singapore. That means he was only here in the US for 1 year as a citizen.
I think he's making a smart move from a tax and preserving his wealth standpoint.
It's not like he was born and raised here and live here all his life.
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HT, does he have to hold his shares for 5 years before selling? I've also heard that you are still taxed for 5 years on income after renouncing. Another infinitely stupid law, and just makes it a pain for him to sell those shares even though he has no ties to the US anymore.
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