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Giving Up US Citizenship To Avoid Tax & Other Issues - Page 2

Mayor of London, refuses to pay US tax bill:

All US citizens, including those with dual citizenship, are legally obliged to file a tax return and liable to pay US taxes, wherever they are living, even if the income is earned abroad. Ref. Source 1

Issues and Tax Avoid Citizenship US Giving

Many Americans Renounce Citizenship, Even Before President Trump:

It seems crazy to call it the 'New Normal', but once again, record numbers of Americans are renouncing citizenship. Every three months, the Treasury Department publicly names individuals who renounced. Ref. Source 8i.

Giving Up US Citizenship To Avoid Tax & Other Issues History & Civil Business Politics

Number of Americans renouncing their citizenship near record highs:

A total of 508 Americans renounced their citizenship in the second quarter of the year, according to information published by the Internal Revenue Service, putting the country on track to lose at least the second highest number of citizens on record. Ref. Source 1i.

Page 2 Issues and Tax Avoid Citizenship US Giving

Record Number Renounce U.S. Citizenship in 2016:

More than 5,000 individuals expatriated last year, according to U.S. Internal Revenue Service data. Ref. Source 4y.

Issues and Tax Avoid Citizenship US Giving

I know some of us have disagreements about how things are managed by the government but I still can't imagine giving up citizenship over it. I will always be an American and will rather fight for changes than bail.

Giving Up US Citizenship To Avoid Tax & Other Issues

Stacia,

I absolutely agree with you. I love this country and the freedom and opportunities it provides us. I disagree with some things, agree with other things, and for some I need more information. The great thing is we can debate here and fix what's broken. And as time changes situations we can fix the fixes.

I've been all over the world and I've experienced many countries. All of them have their good and bad but none of them are the USA. I'm not trying to conceited about my country… but it is my country.

My father's mother came here from Greece. One of her proudest she'd us was the day she became a citizen. She went back to visit her family in Greece and they made fun of the US. She cut her vacation short and came back here. After church I asked her why as a naive ten year old would. She told me she was American and that I was too and to be proud of this country. That stuck.

Giving US Citizenship Avoid Tax & Issues - Page 2

Nice story. In addition to what I said above I can't imagine where I would live. Our culture and freedom is taken for granted. People wish for what we have here that's why they come.

Giving US Citizenship Avoid Tax & Issues Politics Business Civil & History - Page 2

Tax burdens prompt more Americans to ditch their citizenship. Americans abroad have just about had it with Uncle Sam's tax filing requirements. Source 1z.