Tax consequences of becoming a US citizen

[Nomen Nescio]

On Tue, Jul 09, at 02:02PM, Tim May wrote:
> > Also, a person having extensive offshore (outside the U.S.)
> > assets may well find his assets are now taxable in the U.S.
> > And for those with capital assets not taxed in their home
> > countries (e.g., Germany, Japan), this may be quite a shock.

On 9 Jul 2002 at 18:40, Gabriel Rocha wrote:
> This applies wether he is a US citizen or not, green card holder
> or not, Sealand citizen or not. Once the IRS sinkstheir claws
> into you, you're screwed.

Are you saying that if someone is legally resident in the US for a
while, the US IRS will attempt to get his assets all over the
world forever?  I find this hard to believe.