Exit-Tax Threshold Screen

Compare expatriation facts with caller-supplied exit-tax thresholds.

Description

An exit-tax threshold screen compares net worth and an average-tax measure with supplied cutoffs.

An exit-tax threshold screen compares net worth and an average-tax measure with supplied cutoffs. Either inclusive comparison can trigger the modeled threshold flag.^[1]

Compare expatriation facts with caller-supplied exit-tax thresholds.

When to use Exit-Tax Threshold Screen

Use this tool to compare expatriation facts with caller-supplied exit-tax thresholds.

Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.

How to use Exit-Tax Threshold Screen and understand its results

Choose the specific arithmetic or checklist scenario and establish its input amounts, dates, rates and criteria from the applicable records. Keep currencies, periods and jurisdictions consistent; review the tool-specific assumptions before interpreting the result.
Enter netWorth, averageTaxLiability, netWorthThreshold, taxLiabilityThreshold using the field table and calculation rules, then run the tool.
Read meetsNetWorthThreshold, meetsTaxLiabilityThreshold, thresholdTriggered, netWorthMargin, taxLiabilityMargin. The explanation below defines the units, signs, ordering and any flags or placeholder values.
If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.

Input field	Meaning	Value type; see rules below	Requirement
netWorth	Net worth	number; minimum: 0	Required
averageTaxLiability	Average tax liability	number; minimum: 0	Required
netWorthThreshold	Caller net-worth threshold	number; minimum: 0	Required
taxLiabilityThreshold	Caller tax-liability threshold	number; minimum: 0	Required

Enter nonnegative measured values and thresholds. Return signed margins, each inclusive flag and their combination.

coveredByThreshold=(netWorth≥worthThreshold) OR (averageTax≥taxThreshold)

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output field	Meaning	Value type
meetsNetWorthThreshold	Meets net-worth threshold	boolean
meetsTaxLiabilityThreshold	Meets tax-liability threshold	boolean
thresholdTriggered	At least one supplied threshold triggered	boolean
netWorthMargin	Net-worth threshold margin	number
taxLiabilityMargin	Tax-liability threshold margin	number

json

{
  "input": {
    "netWorth": 200,
    "averageTaxLiability": 50,
    "netWorthThreshold": 100,
    "taxLiabilityThreshold": 100
  },
  "output": {
    "meetsNetWorthThreshold": true,
    "meetsTaxLiabilityThreshold": false,
    "thresholdTriggered": true,
    "netWorthMargin": 100,
    "taxLiabilityMargin": -50
  }
}

Limitations and assumptions

No certification test, exceptions, expatriation event, covered-person determination or mark-to-market liability is implemented.

Numeric inputs must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors. A successfully returned false flag is an evaluated outcome; its meaning is explained above.

Alternative or Complementary methods

Use Substantial-Presence Days: Apply one, one-third, and one-sixth day weights against a caller-supplied presence threshold. For a complementary task, use Estate Liquidity Gap: Compare liquid estate assets with caller-supplied tax and near-term obligations.

References

Exit-Tax Threshold Screen — tool.io

Similar or alternative tools

Substantial-Presence Days
Apply one, one-third, and one-sixth day weights against a caller-supplied presence threshold.
Estate Liquidity Gap
Compare liquid estate assets with caller-supplied tax and near-term obligations.