Written by Mockarena:
According to this, more US taxpayers than ever before are renouncing their citizenship or green cards.
Granted, it’s not like an epidemic or anything, but it’s pretty telling all the same, that in 2013 alone, nearly 3000 people decided that the US is no longer a suitable home. And it’s a 221% increase over the number of folks who hightailed it out of America in 2012.
The reason? Oppressive taxation, of course. According to this, “Complex or costly taxes can help sway a decision but are often only one factor. Although statistics are not available for why people say a final good-bye, many now find America’s global income tax compliance and disclosure laws inconvenient and nettlesome. Some go so far as to say that the U.S. tax and disclosure laws are downright oppressive.”