Excerpt from article (since I am not sure what the reprint rules are ... [Rangel] slipped this horrendous tax into a popular military and veterans pension/pay bill, (without hearings or public notice) and on June 4, 2008, President Bush, not wanting to upset the veterans' lobby, signed it into law. The Rangel exit tax presumes that anyone who ends his or her U.S. citizenship and; (1) who paid more than $124,000 in net taxes for the previous five years, or (2) has a net worth of more than $2 million, is a tax traitor who did so with the intent...
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Offshore Opponent's Secret Offshore Adventures (Charlie Rangel alert)
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