Americans Reach New Heights In Expatriation

Americans Living Abroad Set Record For Giving Up Citizenship

 

 

 

” More Americans living outside the U.S. gave up their citizenship in the first quarter of 2015 than ever before, according to data released Thursday by the IRS.

  The 1,335 expatriations topped the previous record by 18 percent, according to data compiled by Bloomberg. Those Americans are driven to turn in their passports in part because of laws that have expanded bank reporting and tax compliance requirements for expatriates.

  The increase in early 2015 follows an annual record in 2014, when 3,415 Americans gave up their citizenship.

  An estimated 6 million U.S. citizens are living abroad, and the U.S. is the only country within the Organization for Economic Cooperation and Development that taxes citizens wherever they reside.”

 

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Annual Number Of Expatriate Americans Increases Five-Fold Since 2009 … Change You Can Believe In

Record 3,415 Americans Give Up Citizenship

 

 

 

 

” While politicians are focused on all the foreigners who want to become Americans, perhaps they should consider all the Americans who are becoming foreigners.

  According to the latest data from the Treasury Department, spotted by Andrew Mitchel at the International Tax Blog, a record 3,415 Americans renounced their citizenship in 2014. That was up from the 2,999 in 2013 and more than triple the number for 2012.

  You can read the list of individuals who renounced here. “

 

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Obamacare Opposition Climbs To Nearly 60%

Rasmussen Poll: Obamacare Opposition Reaches All-Time High

 

 

” The opposition to Obamacare is at a fever pitch, with an all-time high of 58 percent of voters surveyed saying they’re against the requirement that every American be covered by health insurance, a Rasmussen poll reveals. 

  Also, for the second month in a row, 51 percent of insured voters and 45 percent of uninsured voters said they think overall quality of healthcare will decline because of Obamacare, says the Rasmussen Reports phone survey released Monday.”

 

Newsmax has the story.

 

 

 

 

 

 

 

 

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Taxes Fuel American Citizenship Renunciations

Americans Renouncing Citizenship To Become British Thanks To Tax Rise

 

 

 

” London-based American lawyers, who specialise in tax and immigration, report a threefold increase over the last five years in the number of American citizens who are giving up their citizenship – a process known as “renunciation”.

Across the world 1,781 Americans renounced their citizenship in 2011 compared with just 231 in 2008, when US tax laws changed, although it remains unknown how many are adopting British rather than any other nationality.

Many decide to give up their American citizenship after tiring of the lengthy US tax return process, which requires them to pay tax on their total income regardless of where they live.

“There’s no question that the number of people renouncing their US citizenship is increasing,” said Diane Gelon, a US tax and immigration lawyer based in London.”

 

Related articles

• Americans renouncing citizenship to become British… (telegraph.co.uk)
• Americans Renouncing Citizenship To Become British Thanks To Tax Rise (amresolution.com)
• Americans Renouncing Citizenship To Become British (patdollard.com)
• High taxes force more Americans to renounce their citizenship (sott.net)

 

 

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Welcome To Obamanation

EXCLUSIVE: FOOD STAMP RECIPIENTS OUTNUMBER POPULATIONS OF 24 STATES COMBINED

 

 

 

An analysis by Breitbart News has found that the number of individuals on food stamps now exceeds the combined populations of 24 states and the District of Columbia.