He didn't sell.
It a "constructive" (legalese for imaginary) sale that happens by law when one renounces citizenship, triggering capital gains taxes on the value of assets held at that time.
It's a wealth tax designed to deter citizens of means from renouncing citizenship (the US taxes citizens earning abroad).
Aaron Daniel
npub16z…k5dzc
2024-05-01 17:10:41
in reply to nevent1q…l3sc
Author Public Key
npub16zxfxy5ltnp992gp006jlyy9qc93qanzpfvv66fznvc7xul0ej0suk5dzcPublished at
2024-05-01 17:10:41Event JSON
{
"id": "6313f96c2ed3fdce9a36d41b49c758ddb339610b75d7dc1927ea0e4a472bad54",
"pubkey": "d08c93129f5cc252a9017bf52f9085060b1076620a58cd69229b31e373efcc9f",
"created_at": 1714583441,
"kind": 1,
"tags": [
[
"e",
"c611e933eee5393be0c9a77df5ccb7d0345b1a9561022d01e1d443346fdd08f6",
"",
"root"
],
[
"e",
"c611e933eee5393be0c9a77df5ccb7d0345b1a9561022d01e1d443346fdd08f6",
"",
"root"
],
[
"e",
"737233f0e98724d83ab384d8cc5665419f30cbe6e53784ae27e243598c0dfe24",
"",
"reply"
],
[
"p",
"d08c93129f5cc252a9017bf52f9085060b1076620a58cd69229b31e373efcc9f"
],
[
"p",
"79d434176b64745d2793cf307f20967e27912994f6e81632de18da3106c2cbb4"
]
],
"content": "He didn't sell.\n\n It a \"constructive\" (legalese for imaginary) sale that happens by law when one renounces citizenship, triggering capital gains taxes on the value of assets held at that time. \n\nIt's a wealth tax designed to deter citizens of means from renouncing citizenship (the US taxes citizens earning abroad). \n\n",
"sig": "ac47174634200d0430cb41c4012262e85353033342b2b2890c8deb04f7ea91e02c7249e9deccb497a97a74131d184449bfb0c126ace8ba489e7d8faa1447ad31"
}