Trump administration to slash fee to renounce US citizenship from $2,350 to $450

https://lemmy.zip/post/60916058

Trump administration to slash fee to renounce US citizenship from $2,350 to $450 - Lemmy.zip

> White House will take a financial loss to make it easier for Americans to walk away from citizenship starting in April Archived version: https://archive.is/20260317141337/https://www.theguardian.com/us-news/2026/mar/17/cost-renounce-citizenship-trump-administration [https://archive.is/20260317141337/https://www.theguardian.com/us-news/2026/mar/17/cost-renounce-citizenship-trump-administration] — Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

Uplifting news
It’s not. The US taxes its citizens based on income earned worldwide. This prevents wealthy citizens from continuing to enjoy the benefits of US citizenship and use a US passport while also using tax schemes to pretend all their income was earned in foreign tax havens and not subject to income tax.
And as with everything US this fucks regular expats and the rich don’t give a shot because they’re already “not earning anything”.