Saturday, August 10, 2013

Huge increases in people renouncing US citizenship

Link here from Zero Hedge

It starts:
A massive 1,131 individuals renounced their US citizenship last quarter, according to data that has yet to be officially released (though I was able to procure an advanced copy). 
This is a HUGE jump. 
Compared to the same quarter last year in which 188 people renounced their US citizenship, this year’s number is over SIX TIMES higher.

A couple years ago, when the US shut down some of the online poker sites, you had a large number of people leaving the US to pursue their economic dream.  That had nothing to do with taxes, just the desire to earn a living.  I'm not sure many of those people actually renounced their citizenship, however.

What has changed that is prompting so many to give up their citizenship?

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