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croes 6 days ago

Exit Tax: Leaving the USA before you become too rich

https://www.greenbacktaxservices.com/knowledge-center/exit-t...

thomas_witt 6 days ago | parent | next [-]

From a startup founders perspective, it might be worth mentioning that if you own the business personally in the US, you likely qualify for so-called the small business exemption (QSBS) - that means from the price for which you sell your company the first $10M (yes, million!) of capital gains are tax free, and after the latest reform $15M. If you're married: x2.

tonyhart7 6 days ago | parent | prev [-]

Yeah but most people want to do business in US, its all the money goes

Shorel 6 days ago | parent [-]

Not worth the hassle anymore.