🤯 US PASSPORT HOLDERS PAIN - What most of NON-US PASSPORT HOLDERS probably don't know!

The USA, alongside Eritrea, stands out on the global stage as one of only two nations practicing lifelong citizenship-based taxation. It doesn't matter if you’ve never stepped foot on American soil or if you've been living overseas for decades—if you’re a passport holder, Uncle Sam’s tax net scoops you up forever. It is almost like SaaS, but I call it CaaS (citizenship as a service). haha!

But wait, there’s more on the wacky scale! Deciding to drop your U.S. citizenship will set you back $2,350, and that’s before you even get to the hefty tabs for legal and accounting services. 🤑

Essentially, from your first cry to your last sigh, there’s no opting out without paying out. Plus, you’d better get your exit tax right; otherwise, you’ll find yourself in a ‘catch-me-if-you-can’ scenario reminiscent of Roger Ver's tangle with tax authorities.

And to think, the U.S. once went to war with Britain over unwelcome taxation. Oh, the irony!

Chew on that for a bit! 🍔

Professor Mende