Tuesday, October 27, 2015

Americans renouncing US citizenship soars to yet another record high…

For the vast majority of people who renounce their US citizenship, it ultimately comes down to a single issue: Taxes.

And there are three categories of tax-motivated renunciants.

The first is wealthy Americans who want to end Uncle Sam’s claim on their income once and for all.

Some famous people in this category who renounced US citizenship include Facebook co-founder Eduardo Saverin, and singer Tina Turner.

It’s an expensive decision for this group, as the US government levies a nasty exit tax on their entire estate before they leave .... https://www.sovereignman.com