On: Eric Schmidt has applied to become a citizen of Cyprus

[mirekrusin]

You can declare you no longer want to be US citizen.

[marmaduke → mirekrusin]

It costs about 3k USD

[medium_burrito → marmaduke]

and 40% of assets over $2m. Thanks, Obama :(

[xyzzyz → medium_burrito]

What 40% are you talking about?

[medium_burrito → xyzzyz]

Here it says 23.8%: https://1040abroad.com/faq/renouncing-u-s-citizenship/

I could swear it was 40%, but I'm too lazy to look it up more. Suffice it to say Uncle Sam gets his pound of flesh and more.