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Author Topic: More Americans Are Renouncing Their Citizenship  (Read 267 times)

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More Americans Than Ever Are Renouncing Their Citizenship

byDailyFinance Staff Nov 14th 2013 5:14PM

CitizenshipGetty ImagesMore Americans are deciding that they'd rather give up their citizenship than pay more taxes.

The Wall Street Journal reports that 2013 has already set a new record for "expatriations," defined as citizens renouncing their citizenship or permanent residents giving back their green cards. The Journal quotes tax lawyer Andrew Mitchel, who found that there have been 2,369 expatriations as of the end of the third quarter; that's an increase of 33 percent over all of 2011, the previous record-holder.


"Wao, one man's meat is another man's poison" while some are longing to become American citizens, some American are denouncing their citizenship -  that is the irony of life...."


Knowledge Is Power – Seek For It

 

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