This is a skilled government mouthpiece sounding article, covering about 20% of the issue with lots of chatter about taxes, celebrities, government data and no mention of FATCA, banks, FBAR penalties and all the many other issues that the government doesn’t want for stateside Americans to know anything about. This is a brilliant means of fooling gullible statesiders into being utterly clueless about the world beyond US jurisdiction with the threat of having “no more protection from the U.S. government” and the apparent evil concept of spending tourist dollars in the US. So, enjoy!
Should You Renounce Your Citizenship?
By Caroline Kim | Yahoo! Finance – 3 hours ago
Would you renounce your U.S. citizenship if it meant you’d be sending less of your hard-earned dollars to Uncle Sam?
As Americans face higher taxes and stricter enforcement, a growing number of them are, indeed, deciding to turn in their US passports. As of 2013, 77% of Americans will pay higher federal tax rates because the cuts in Social Security payroll taxes expired when Congress passed its tax package on New Year’s Day.
But the wealthiest households face the highest tax increases. From 2009 to 2011, the number of expatriates, or those who renounced their U.S. citizenship, doubled to 1,781.