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Why are Americans giving up their citizenship?
BBC ^ | 26 September 2013 | Tom Geoghegan

Posted on 09/26/2013 6:19:38 PM PDT by PotatoHeadMick

The number of Americans giving up their citizenship has rocketed this year - partly, it's thought, because of a new tax law that has frustrated many ex-pats.

Goodbye, US passport.

That's not a concept that Americans contemplate lightly. But it's one that many of them seem to be considering - and acting on.

The number of expatriates renouncing their US citizenship surged in the second quarter of 2013, compared with the same period the year before - 1,131 cases to 189 in 2012.

The list is compiled by the Federal Register and while no reasons are given, the big looming factor seems to be tax.

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Business/Economy; Constitution/Conservatism; Editorial; Government
KEYWORDS: citizenship; expats; obama
Short answer, tax.
1 posted on 09/26/2013 6:19:38 PM PDT by PotatoHeadMick
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To: PotatoHeadMick

It’s still a small number, but I have to say it’s all the idiots sending American jobs to other countries.

Every job sent to another country, is another step down for America.

Bring back American jobs. Now.


2 posted on 09/26/2013 6:23:33 PM PDT by Cringing Negativism Network
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To: PotatoHeadMick

Because the ultimate dream of the Treason party and RINOs is turning true Oct 1st - Complete destruction of the USA


3 posted on 09/26/2013 6:24:21 PM PDT by GrandJediMasterYoda (What do we want? Time travel. When do we want it? It's irrelevant.)
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To: PotatoHeadMick

They say eff this country of taxation without representation, and who can blame them! Working overseas far from home only to feed the Obamafoam feral crowd.


4 posted on 09/26/2013 6:26:12 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: PotatoHeadMick
I'd be curious to know how many Pakistani's f'rinstance, born here and develope a jihadi attitude and leave America to fight against us.

I'm guessing there's more of THAT than Joe Williams of Milwauki moving to Poland and relinquishing US citizenship.

5 posted on 09/26/2013 6:26:27 PM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: Cringing Negativism Network
Bring back American [citizens]. Now.

Oops, you raised their taxes too high. There 'ya go, let's raise them some more.

6 posted on 09/26/2013 6:28:51 PM PDT by 1rudeboy
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To: PotatoHeadMick

But where are better options?

Not one nation in Europe is both better off and more politically and economically free than the US. Australia and NZ aren’t doing much better at all, Russia is still doing way worse and is still quite a bit more dictatorial.

A few here have mentioned the Japanese and the Phillipines which are great for foreign expats (though of course when you are a local it is an ENTIRELY different situation). But they have enough room for maybe a tiny fraction of the Americans that might consider moving, if that.


7 posted on 09/26/2013 6:29:56 PM PDT by freedom462
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To: PotatoHeadMick

It’s not hard to figure out why, taxes and the fact that the US has made it all but impossible for a US citizen to operate financially outside of the US. So those with dual citizenship are saying good-bye while they still can. Not sure if it’s a good idea or not as looking around no place really looks all that appealing to me, but if I had some hot little brown bunny in the Philippines or Thailand and a good slug of cash socked away it would be pretty tempting to say so long to a country rapidly falling into Fascism and property seizures.


8 posted on 09/26/2013 6:38:08 PM PDT by trapped_in_LA
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To: PotatoHeadMick

I didn’t read the article, but where are most of these folks going?


9 posted on 09/26/2013 6:48:42 PM PDT by tips up (Living is easy with eyes closed, misunderstanding all you see.)
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To: PotatoHeadMick

Is Arec Bardwin on the rist?


10 posted on 09/26/2013 6:54:43 PM PDT by Michael.SF. (0bama lied, Stevens died, now 0bama covers up the lies.)
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To: knarf; PotatoHeadMick
I'd be curious to know how many Pakistani's f'rinstance, born here and develope a jihadi attitude and leave America to fight against us.

It's very unlikely that any in this number fall into that camp. The terrorists don't want to draw attention to themselves and want to re-enter the USA.

The people surrendering their passports are high earning entrepreneurs. The problem they have is two fold. They pay taxes on their earnings in the country they are in and pay taxes on their earnings in the USA. I'm not sure if it applys to personal returns, but if they file as a corporation they can get a $90,000 tax exemption but then they will pay corp. tax rates in both countries. The second problem they have is most banks are not to eager to take American customers because of the reporting requirements and consequences they face if the customer doesn't accurately report their income.

So if your overseas and see that the USA is becoming a banana republic why continue paying taxes twice.

11 posted on 09/26/2013 6:55:42 PM PDT by wmfights
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To: tips up

They’re not really “going” anywhere. They are expatriates. They simply don’t want to deal with the crap of being a U.S. citizen overseas anymore.


12 posted on 09/26/2013 6:58:07 PM PDT by 1rudeboy
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To: PotatoHeadMick

Shorter answer...Obama.


13 posted on 09/26/2013 6:58:54 PM PDT by RoosterRedux (The only true wisdom is in knowing you know nothing -- Socrates)
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To: RoosterRedux

How much $$$ do they have?


14 posted on 09/26/2013 7:01:15 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: freedom462

http://one-salient-oversight.blogspot.com.au/2009/03/income-taxes-australia-vs-usa.html

You may find the discussion on this site of interest.


15 posted on 09/26/2013 7:09:16 PM PDT by Fred Nerks (fair dinkum!)
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To: Fred Nerks

I still think many Americans who would consider going to Australia would still find the nation way, WAY too culturally liberal - for examples in their beliefs on guns, abortion, homosexual rights, sex ed in schools, drugs and so on. So I think conservative Americans like us would find that a huge turn off if we actually went there.


16 posted on 09/26/2013 7:12:44 PM PDT by freedom462
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To: PotatoHeadMick

The US gummit bullied the Swiss for the names of secret American depositors, the better to levy huge fines:

The rest of the banking world now fears if they do business with Americans AT ALL then they’ll have TONS of disclosure/regulatory demands suddenly foisted on them by the US gummint bullies.

The various banks around the world solved this potential problem by simply declaring they won’t take Americans as customers.

Do you hold a US passport? Ah! OK well then my bank won’t do biz with ya, sorry...

It’s that simple.

So basically non US governments see the US gummint as a spy bully, and non US banks won’t take Americans as customers.

Those are parts of this new & refreshing Hope & Change era of Obama —nice, huh?


17 posted on 09/26/2013 7:16:01 PM PDT by gaijin
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To: PotatoHeadMick

America is not the country it used to be.


18 posted on 09/26/2013 7:17:49 PM PDT by Venturer ( cowardice posturing as tolerance =political correctness)
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To: freedom462

Paraguay


19 posted on 09/26/2013 7:17:52 PM PDT by sanjuanbob
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To: PotatoHeadMick

Too many morons for the productive people to support.


20 posted on 09/26/2013 7:18:40 PM PDT by dfwgator
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To: freedom462

You didn’t do yourself the service of reading the discussion on that forum, and frankly, you know absolutely nothing about Australia.
PS. I suggest you stay exactly where you are.


21 posted on 09/26/2013 7:19:10 PM PDT by Fred Nerks (fair dinkum!)
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To: sanjuanbob

What makes Paraguay an ideal place to be and to live if you like values and liberties similar to American ones? And what makes it better than all the other South American nations? Presuming of course, you were not merely being facetious or humorous with that answer.


22 posted on 09/26/2013 7:20:51 PM PDT by freedom462
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To: PotatoHeadMick

This just in: Applied Materials and Tokyo Electron are merging and incorporating in where? in Netherlands, why Netherlands? taxes.


23 posted on 09/26/2013 7:23:04 PM PDT by Revolting cat! (Bad things are wrong! Ice cream is delicious!)
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To: PotatoHeadMick

Impeachment file on Harrison J. Bounel, aka Barry Soetoro, aka “B. Hussein Obama.”


24 posted on 09/26/2013 7:23:12 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: tips up
I didn’t read the article, but...

Read the article.

25 posted on 09/26/2013 7:24:32 PM PDT by ROCKLOBSTER (Hey RATS! Control your murdering FREAKS!)
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To: WVKayaker

See this?


26 posted on 09/26/2013 7:41:34 PM PDT by Mark17 (It is every liberal's job to destroy America, and every conservative's job to stop him.)
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To: PotatoHeadMick

Most of these people are AINOs: Americans abroad who have little connection to the US except a passport that sits in a drawer. Our kakistocrats have made their lives miserable through tax and bank spying laws, so they’re taking the path of least resistance and turning in their passports.

What will be interesting is the situation 20 years hence when there is a shortage of younger workers and lots of countries desperate for them. The kakistocrats are certainly not making a very good case for the young and talented to stay here.


27 posted on 09/26/2013 7:55:22 PM PDT by RKBA Democrat (Power disintegrates when people withdraw their obedience and support)
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To: PotatoHeadMick

Silly tax more like it. The US is the only country that double taxes a person — so if you work outside the country, you pay income tax in that country AND you pay US income tax. That’s crazy.


28 posted on 09/26/2013 8:02:35 PM PDT by Cronos (Obama’s dislike of Assad is not based on Assad’s brutality but that he isn't a jihadi Moslem)
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To: Cringing Negativism Network

actually, if one reads the article, it’s not the big masters of finance who get affected. Those sit in the US and get paid in the US. It’s the middle level people who go to live abroad who get hit


29 posted on 09/26/2013 8:03:40 PM PDT by Cronos (Obama’s dislike of Assad is not based on Assad’s brutality but that he isn't a jihadi Moslem)
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To: freedom462
It depends on what you are looking for -- if you are talking politically, then yes Western Europe is no where near US levels and is leftist -- which may be one attraction

But most people, especially the one referred to in the article want to just live abroad for other reasons, not just for economic.

30 posted on 09/26/2013 8:05:19 PM PDT by Cronos (Obama’s dislike of Assad is not based on Assad’s brutality but that he isn't a jihadi Moslem)
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To: PotatoHeadMick

Can’t blame people. The former America is dead and gone. It was suicide. If I was wealthy I’d bail in a heartbeat before I coughed up another dime to the scumbag Democrat politicians to use for buying votes from their moocher base.


31 posted on 09/26/2013 8:13:47 PM PDT by Lancey Howard
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To: DIRTYSECRET

Many are middle class. Probably half are retirees.


32 posted on 09/26/2013 8:28:27 PM PDT by peyton randolph (Tagline copyright in violation of Directive 10-289)
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To: PotatoHeadMick
1131 for the quarter? Out of 320 million? Not exactly a flood.
33 posted on 09/26/2013 8:38:56 PM PDT by hinckley buzzard
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To: PotatoHeadMick
The Brits should talk. About a year ago, I think it was “The Guardian’’, Britain's version of ''The New York Times'' found in a survey that some 300,000 of their best and brightest(and those who could afford to) were leaving the UK in the last few years.
34 posted on 09/26/2013 9:06:40 PM PDT by jmacusa
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To: jmacusa

Odumbo and the demodummies can be blamed for the exodus. Get rid of that bunch and we will see a lot of American wannabe’s coming back here in droves.


35 posted on 09/27/2013 3:35:39 AM PDT by DaveA37
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To: wmfights

My son is an expat. The country he is working will not give him a passport, but next year he receives a residency card. Once that happens I seriously doubt he will return to the USA. Right now he is protected from USA income tax so he sees no reason to give up passport. He already receives free medical care plus he purchases private insurance. Unless it is an emergency or a bad cold or flu, he uses private insurance. Not a bad system we should dump Bozocare for something similar.


36 posted on 09/27/2013 5:16:15 AM PDT by OldGoatCPO
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To: hinckley buzzard

Giving up a USA passport is more than just getting a new passport. I have rarely needed a visa to travel worldwide. USA passport is golden in most countries, even a 1000 giving up passports is surprising.


37 posted on 09/27/2013 5:21:09 AM PDT by OldGoatCPO
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To: OldGoatCPO

I’m becoming familiar with the medical options outside the USA. After the SCOTUS ruled we are serfs and can be compelled to buy whatever the govt says I figured I would ultimately look for my medical care outside the USA.


38 posted on 09/27/2013 8:53:57 AM PDT by wmfights
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To: freedom462

I’ve got a friend who’s been working in Hong Kong for years. He wasn’t really an expat but he’d landed there for one job and stayed through a couple of changes, finally got tired of all the visa renewal crap and went for citizenship. Most were probably on a similar path, they’ve found themselves a new home and eventually it’s just not worth the trouble to keep officially being an American when you have no intention of ever living here again.


39 posted on 09/27/2013 8:58:56 AM PDT by discostu (This is Jack Burton in the Pork Chop Express, and I'm talkin' to whoever's listenin' out there.)
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To: wmfights

Recently saw a sign in Manila, Dialysis only P1,800 that is less than $50. There were competing clinics. Doc are good just have to shop around and get referrals


40 posted on 09/27/2013 9:10:11 AM PDT by OldGoatCPO
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To: gaijin

BINGO


41 posted on 09/27/2013 9:14:26 AM PDT by AmericanInTokyo (Kim Jong Un won't have a single "bad underwear day" unless/until we've a patriot in the White House)
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To: OldGoatCPO
I just read an article that in several States Blue Cross Blue Shield will be the only insurance company for a majority of counties on that State exchange. It doesn't take a rocket scientist to see whats going to happen as these monopolies are established and grow.

Blue Cross Blue Shield will become a quasi-govt agency and will do the bidding of it's masters in the govt. bureaucracy. The customer/serf will do as they are told and health care will be rationed for all except those in power.

I don't intend to comply. I am trying to establish bank accounts in Panama and purchase property there. The health care there is good and if they don't have something I can go across the border to Costa Rica or across the ocean to India, Singapore, or the Philippines.

42 posted on 09/27/2013 9:55:50 AM PDT by wmfights
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