Comments by "dlukton" (@dlukton) on "Pros and Cons of Renouncing US Citizenship" video.

I believe it's the case that if a US citizen has a brokerage account (in the US), and then renounces his US citizenship, the renunciation of his US citizenship is effective to eliminate his tax obligation on capital gains that are subsequently realized within his brokerage account. Or, to put it another way, I'm pretty sure that the IRS welcomes investment capital from foreigners, and doesn't try to "punish" them by taxing capital gains that are realized within their US-domiciled brokerage accounts.
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@maverick5646 Hell YES, US citizens have to pay capital gains taxes. The tax is 15% on amounts up to $200K; 19% on amounts above $200K, and 24% on amounts above $441K (In citing these numbers, I have applied the "Obamacare" tax where applicable). And that's for positions that are held for at least one year. For positions held LESS than a year, the tax burden can be quite a bit higher. Furthermore, Joe Biden wants to INCREASE the capital gains tax. And so, as I posted in my initial comment, a US citizen who has significant investment capital can significantly lower his tax burden by renouncing his citizenship; although in some cases he may be able to benefit from the FEIE (foreign earned income exclusion) without having to renounce.
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