Thursday, November 9, 2017

Report: Record number of Americans renouncing citizenship

Totally understandable - I would have tossed mine already in a trash bin(it is less than a worthless document - it is a passport to bestial life in Guantanamo issued by NEONAZI state), but have to postpone this action for time being till I get what US owes me. I don't think people should just throw them away and pay country that violated their right $2350 out of their pockets...take them to the international criminal court and press charges against economic genocide(forced unemployment)...MKULTRA torture....illegal practices of NEONAZISM !!! FIGHT BACK !!!

Renunciation fee. Renunciation of U.S. citizenship was free until July 2010, at which time a fee of $450 was established. An increase to $2,350, effective September 12, 2014, was justified as "reflective of the true cost" of processing.
Americans are on pace to renounce their citizenship in record numbers in 2017, according to the latest quarterly report from the Treasury Department. 

Some 5,411 U.S. citizens expatriated in 2016, a record high that topped 2015's numbers by 26 percent.

2017 is currently on track to beat those figures, Bloomberg News reported Tuesday, estimating a tally of 6,813 by the end of the year if the fourth quarter is similar to 2016's.

In the third quarter, 1,376 Americans renounced their citizenship.

2011 was the first year in which more than 1,000 people chose to terminate their American citizenship, according to the Federal Register.

Under federal law, Americans are taxed according to their nationality, which causes U.S. citizens living outside the country to face taxation from both the U.S. and their nation of residence. 

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