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(AP) More Americans leaving U.S. over taxes

Home - by - February 14, 2013 - 13:00 America/New_York - 8 Comments

By Caroline Kim

As Americans face higher taxes and stricter enforcement, a growing number of them are, indeed, deciding to turn in their US passports. As of 2013, 77% of Americans will pay higher federal tax rates because the cuts in Social Security payroll taxes expired when Congress passed its tax package on New Year’s Day.

But the wealthiest households face the highest tax increases. From 2009 to 2011, the number of expatriates, or those who renounced their U.S. citizenship, doubled to 1,781.

The chart above shows the growing trend of expatriates in the U.S. The Federal Register first started recording the number in 1997. (The high number of expatriations that year is thought to be a result of Hong Kong reverting back to Chinese sovereignty, according to tax attorney Andrew Mitchel. Chinese citizens are not allowed to have dual citizenship, so many Hong Kong residents renounced their U.S. citizenship prior to Hong Kong joining China in 1997, so they would become fully Chinese citizens.)

Story here

» 8 Comments

  1. F.D.R. in Hell

    February 14th, 2013

    The good news is… you don’t need a Passport to come here!
    :evil:

    Thumb up +3

     
  2. Eleanor in Hell

    February 14th, 2013

    Franklin, by 2016, there’ll be no need to come here.
    America will be Hell On Earth.

    Sadly. :-(

    Thumb up +8

     
  3. yourfavoriteunkle

    February 14th, 2013

    The bad news is that those of us still living here on earth still have to deal with Dear Leader and his oppressive policies… Eleanor and Franklin have it easy.

    Thumb up +4

     
  4. Left Coast Dan

    February 14th, 2013

    What happened to everyone saying they’d move to France if Bush was elected?

    Thumb up +2

     
  5. Nash Montana

    February 14th, 2013

    This article omits the fact that a LOT of legal immigrants who have worked hard to become American citizens, are leaving the country in drones, renouncing their citizenship, or interrupting their naturalization process.

    Penalties follow. If you are in the process of naturalization, and you interrupt it, you are struck with a ten year ban to visit the USA. They are punishing legal immigrants that want to leave, in other ways, too.

    I can’t say too much, I’m kind of wrapped up in it personally right now, but it’s ugly. They’ve already started to basically make it impossible for people to leave and renounce American Citizenship.

    You can check in but you can never leave.

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  6. Nash Montana

    February 14th, 2013

    One way they’re also punishing a legal immigrant that interrupts his naturalization because they want to go home, is they refuse to give the person their passport back if it has expired during the lengthy naturalization process of many years.

    So they essentially hold a person hostage. They can get a new passport from their embassy, but when they go to the airport to leave, they’ll be detained because the new passport won’t have an entry stamp.

    There is NO PROTECTION for these people. I know one person who was detained for 3 months in Florida in a “prison”, that was really a camp, and she had to sign statements to not disclose the location of the ‘camp’.

    There is a lot more going on then we can imagine, behind the scene. It’s scary.

    Thumb up +5

     
  7. Tim

    February 14th, 2013

    Yeah, and Jews might consider moving to Germany, and white people may want to learn Spanish and look to South America.

    Obama – Think Stalin and Hitler Combined – only equipped with computers and nukes.

    He’s enabling the Caliphate to expand here.

    Thumb up +4

     
  8. Eric

    February 14th, 2013

    Wait, if all these people are no longer citizens, they won’t be collecting SS payments in retirement, right?

    Isn’t that a good thing?

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