I have a question about annuity tax. A Taiwanese citizen bought a non-
qualified variable annuity (Metlife) in 2002 (green card holder at the time)
. Now this person lives abroad and voluntarily abandoned US green-card a few
years ago, she is over 59.5 yrs old and wants to withdraw all the proceeds.
My understanding is that the earnings part of this annuity is subject to
the 30% flat tax by IRS since there is no tax treaty between US and Taiwan.
Is there any way to avoid/lower this tax? Gifting? Reinvesting?
