I want to renounce us citizenship, how much is the exit tax if I have $15,000?
- okiknowitLv 72 months agoFavorite Answer
If your net worth is less than 2 million and your income less than $140k, then you owe no tax. You are still required to file annual income taxes for 10 years if you spend six months inside the USA.
Please note that to relinquish citizenship you must appear before the US Consul in a foreign country. Since they will cancel your US passport when you relinquish citizenship, you will not be able to leave that country unless you have made arrangements in advance.
- reme_1Lv 72 months ago
Too bad you don't like it here. Immigrants around the world are risking death to come here. Good bye. Don't let the door hit you in the ****.
- Anonymous2 months ago