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exit taxes should be illegal
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If you’re in scenario 3b, you could, of course, just “stick it out” and grow your business and net worth by so much that you move up into scenario 4, i.e. that you have enough money to pay fancy tax advisors to set up a Liechtenstein trust for you, which would enable you to leave the country without paying exit tax again. But this feels both shady and wrong.
Funny how the author feels that evading
your exit tax is calculated by taking the average of the past 3 years of earnings of that company, multiplied by 13.75, and then taking 60% of that which is taxed at your personal income tax rate [of 42%]
feels both shady and wrong.
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