Posted on 10/25/2014 9:31:02 PM PDT by cutty
Significant numbers of people are continuing to renounce their U.S. citizenship or end their long-term U.S. residency.
...
The Treasury Department is required by law to publish a list of the names of people who renounce quarterly. The list doesn’t indicate when people did so or why. It also doesn’t distinguish between people giving up passports and those turning in green cards, or indicate what other nationality the individuals hold.
(Excerpt) Read more at blogs.wsj.com ...
There are lots of people that come here thinking they will like it and dont. After a years long process to get here and a few years here they go home. With increased immigration numbers it would seem logical the numbers renouncing citizenship would be up. Thatvisa condition for f ountries that don’t allow duel citizenship.
From my earliest childhood, the only formal training in US citizenship was reciting the Pledge of allegiance daily in school until the age of perhaps 16.
When we have a President who takes greater pride in being a Citizen of the World than being a Citizen of the United States, it begs the question as to what one gains or loses in renouncing US Citizenship.
Do you think the public schools are ready to inform us as to the particulars of being a US Citizen? I don’t. In fact, I don’t think most US Citizens have the slightest clue or care what changes come about by renouncing their citizenship. Not even those who have been elected to public office and swear to uphold and defend the Constitution.
As one of our smartest elected officials famously pronounced: “What difference, at this point, does it make?” Think about it. Be ready to give an answer. It does make a difference.
Something hussein can’t do.
Hang them.
The greatest freedom of all is the freedom to leave.
Don’t we allow Israeli’s to hold dual citizenship? I thought we did at one time.
US expats are renouncing citizenship because of the tax burden.
It no longer makes sense to stay an American when you’re taxed for income abroad.
I don’t know if we do for them, but I do know we do for the British. My kids have dual passports.
Can’t say that I blame them.
It isn’t just the tax burden itself. It is the penalties , both civil and criminal , for failure to file a form for things that the IRS never informs those overseas that they are required to fill out.
Nobody wants to be associated with the new Obola Caliphate
There are many Americans who have dual citizenship with another country. Foregoing US citizenship means they have a place to go for citizenship. Whether their original home country or the very wealthy getting citizenship via investment or otherwise. I would have some tough thinking to contemplate giving up US citizenship. I love the geography the founding principles and our beloved constitution. In the same I am qualified by right of blood to citizenship in Hungary, and EU country. The passport has almost as many visa free or visa on arrival travel rights as a US or Canadian passport. I see it as beneficial from a security and if SHTF motive. Also, if I wanted to live part of the year in the EU, or work there, it makes it less complicated. I travel internationally a lot and through and to Middle East destinations. Since the days of Obama we are not looked as fondly as we once were. A benign passport gives anonymity. Giving up US citizenship is mostly about the taxes and being followed everywhere. It is almost impossible to open a small account in a foreign bank as foreign banks have a headache with US reporting generated from a US customer.
Pinging the Manger Dogs
Yes you can run but you cannot hide from the problems of the world.
I will continue to stand with America because in my book there is no better place to be even with the problems we see today.
Yes we need some corrections made. No doubt and I for one and am willing to participate in those corrections.
Why the hell would you say that?
As long as they leave, and don’t end up somewhere that depends on the U.S for defense, I have no problem with it. But when the wolf is at the door, don’t come running back.
Yes for Israel, Ireland, Canada and Mexico that I know of. There may be others. My brother lives in Israel and maintains citizenship here, and all of his kids are dual citizens. My wife naturalized from Mexico about 10 years ago, and still is a Mexican citizen.
People are leaving because of taxes...why do you think the IRS is involved? People can become a citizen of a low- or no - tax country, so why pay tax at a 40% rate (and similar for Estate Tax)?
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