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Wednesday, August 6, 2014

Record Numbers of Americans Are Renouncing Their U.S. Citizenship

International Tax Blog:  2014 Second Quarter Published Expatriates, by Andrew Mitchel:

Today the Treasury Department published the names of individuals who renounced their U.S. citizenship or terminated their long-term U.S. residency (“expatriated”) during the second quarter of 2014.  The number of published expatriates for the quarter was 576.  The number of published expatriates for the first half of 2014 has been 1,577 (1,001 + 576).  Last year there was a record setting 2,999 published expatriates.

Renounce

(Hat Tip: Laura Saunders.)

http://taxprof.typepad.com/taxprof_blog/2014/08/record-numbers-of-americans-.html

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Comments

"We do not believe that the primary reason for the increase in expatriations is for political purposes...." -- Of course not, and be sure to substitute opinion for research, despite the biggest "change" to our nation during the upsurge in people renouncing their citizenship has been the occupation of the White House by an incompetent who rules based upon left-wing ideology rather than governs by the Constitution.

Posted by: Woody | Aug 7, 2014 7:26:36 AM

Of course, there is no evidence that none of these people are U.S. citizens. Some of the names appear foreign, although they might very well have been Americans, and some of the names like Smith and Jones are obviously Canadian, British and Australian.

Posted by: Bob Kamman | Aug 7, 2014 8:57:45 AM

People used to come to US because America was a place to receive the hard workers, entrepreneurs, high-skilled professionals and scientists. Today, is clear that America wants the under-skilled and the takers in the name of social-justice. Too bad.

Posted by: Roberto | Aug 28, 2014 5:23:09 PM