Skip to comments.Taxes Prompt More Americans to Renounce Citizenship
Posted on 04/16/2012 6:43:58 PM PDT by markomalley
A year ago, in Action Comics, Superman declared plans to renounce his U.S. citizenship.
"'Truth, justice, and the American way' it's not enough anymore," the comic book superhero said, after both the Iranian and American governments criticized him for joining a peaceful anti-government protest in Tehran.
Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards. That's a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It's also almost eight times more than the number of citizens who renounced in 2008, and more than the total for 2007, 2008 and 2009 combined.
But not everyone's motivations are as lofty as Superman's. Many say they parted ways with America for tax reasons.
The United States is one of the only countries to tax its citizens on income earned while they're living abroad. And just as Americans stateside must file tax returns each April this year, the deadline is Tuesday an estimated 6.3 million U.S. citizens living abroad brace for what they describe as an even tougher process of reporting their income and foreign accounts to the IRS. For them, the deadline is June.
(Excerpt) Read more at cnbc.com ...
I’ve been thinking of becoming an illegal alien myself. We Americans get no respect anymore. As an illegal, I’d have it made in this country. No taxes and lots of handouts.
No hablo Ingles, Senor.
I may end up moving out of the country when I retire but I will NOT renounce my citizenship.
Fact: The top-earning 1% of US taxpayers are Leaving the USA at the highest rate in history. (Source: INS/Census Bureau & Zogby International estimates)
If the antichrist wins in November, I could see that number jumping ten fold.
Citizenship is overrated.
National IQ probably went down as well.
We talked last week and I asked him what they miss about 'home' now that they've been gone over a year. He said, "Absolutely NOTHING!"
You could still vote too.
“Last year, almost 1,800 people followed Superman’s lead, renouncing their U.S. citizenship or handing in their Green Cards. That’s a record number”
How does that number hold up percentage wise? Dunno, however, was Alec Baldwin on of them? Just hoping.
Where is the best place to go? Belize, Costa Rica, Ecuador, Panama, Philippines, Thailand, Singapore?
No place in the EU, not Brazil, mostly and probably not Eastern Europe.
I remember seeing some kind of freedom index that included taxes. We have discussed leaving the U.S. before. Citizenship here is meaning less and less to me. Family is the only thing that keeps me here now.
Before anyone ridicules about giving up... giving up what? I don’t see a win in this mess ever for anyone.
I think some crusty old white men did that back in the 1770's....they weren't very good citizens either.
Good old Heritage Foundation. They study the heck out of things but never produce any solutions.
Freedom index and comparison to other countries:
Grow a pair, President Obama, end taxes now and spend only freshly printed money from the Federal Reserve computers.
Probably give us a few more good years before the collapse.
My Gf is Canadian and a green card holder. She won’t file for citizenship until Klownie the Kenyan and Chewbacca are out.
Those reasons are much loftier than the formerly super man
southern laos. central vietnam. small coffee ranch.
if one has to die among strangers i’d choose these.
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