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Margy I Phillips
Nomad Capitalist
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Comments by "Margy I Phillips" (@margyiphillips4931) on "How South Africa Financial Emigration Works" video.
"The US imposes an 'Exit Tax' when you renounce your citizenship if you meet certain criteria. Generally, if you have a net worth in excess of $2 million the exit tax will apply to you. This tax is based on the inherent gain (in dollar terms) on ALL YOUR ASSETS (including your home)" Well, I don't have to worry much about exit tax 😄 Great video as usual Andrew.
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