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Title: More Americans Give Up Citizenship As IRS Gets Aggressive Overseas
Source: DOW JONES NEWSWIRES
URL Source: http://www.nasdaq.com/aspx/stock-ma ... s-irs-gets-aggressive-overseas
Published: Apr 5, 2010
Author: Martin Vaughan
Post Date: 2010-04-05 12:51:41 by Brian S
Keywords: None
Views: 930
Comments: 18

By Martin Vaughan, Of DOW JONES NEWSWIRES

The number of American citizens and green-card holders severing their ties with the U.S. soared in the latter part of 2009, amid looming U.S.36;tax increases and a more aggressive posture by the Internal36;Revenue36;Service towards Americans living overseas.

According to public records, just over 500 people worldwide renounced U.S. citizenship or permanent residency in the fourth quarter of 2009, the most recent period for which data are available. That is more people than have cut ties with the U.S. during all of 2007, and more than double the total expatriations in 2008.

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Begin Trace Mode for Comment # 2.

#2. To: Brian S (#0)

They aren't doing this because of tax issues. Most I know that have done this, or are in the process of doing so are taking this drastic measure because of the insane spending, the disgust they have with the political parties in general, and knowledge of whats about to happen in the next five to ten years.

Basically, they feel they are getting into the first empty lifeboats that were launched from the SS Titanic.

Badeye  posted on  2010-04-05   12:57:58 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 2.

#3. To: Boofer (#2)

Most I know that have done this, or are in the process of doing so

Geezus fuck Boofer...knock off the bullshit...

war  posted on  2010-04-05 13:08:26 ET  Reply   Untrace   Trace   Private Reply  


#4. To: Boofer (#2) (Edited)

Thanks for taking the time to read my comment Boof...(laughing)

war  posted on  2010-04-05 13:12:52 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 2.

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