Ries
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There is an interesting dissection of the "renouncement meme" here-
http://www.slate.com/id/2252570
It turns out that there was a slight blip in the numbers last year, up to 700 or so, but mainly due to the IRS sending out a letter reminding people in the process that the renunciation wasnt final til they filed one last form.
Quite the "harrassment".
It also turns out the about half of the people who renounce every year, which has been running between 200 and 500 most years for the last ten or so, are originally foreign citizens, who came to the USA, decided it wasnt for them, and went back home.
NOT political refugees, poor overtaxed Randian supermen, or even conservatives.
Historically, 10% of all immigrants to the USA have returned home after a few years- this has been true going back over 100 years. 10% of the Germans, Irish, and Italians in the first part of the 20th century decided it wasnt the promised land after all.
Currently, the numbers on paper seem to be much LOWER than this- indicating that far from being outraged by the higher taxes, (which, of course, are some of the lowest of all industrialized countries) most immigrants consider moving to the USA still a good deal, overall.
There are probably a fair amount of illegal immigrants to the USA who retire back to their home countries, but that doesnt count as renouncing if you were never legal in the first place, does it?
The numbers of people renouncing are tiny- even at 700, that is less than the margin of error in measuring expats alone, and a tiny tiny percentage of the 300 million american citizens. Its a tiny amount of the estimated 4 million or so american citizens living in foreign countries.
Its just not enough people to mean much of anything, especially if half of em were just going home anyways, after losing a job, getting a divorce, or when their dad got sick.
Certainly, there is a lot wrong with the USA- but statistically, virtually no one thinks its enough to renounce citizenship.
But hey, knock yourself out.
http://www.slate.com/id/2252570
It turns out that there was a slight blip in the numbers last year, up to 700 or so, but mainly due to the IRS sending out a letter reminding people in the process that the renunciation wasnt final til they filed one last form.
Quite the "harrassment".
It also turns out the about half of the people who renounce every year, which has been running between 200 and 500 most years for the last ten or so, are originally foreign citizens, who came to the USA, decided it wasnt for them, and went back home.
NOT political refugees, poor overtaxed Randian supermen, or even conservatives.
Historically, 10% of all immigrants to the USA have returned home after a few years- this has been true going back over 100 years. 10% of the Germans, Irish, and Italians in the first part of the 20th century decided it wasnt the promised land after all.
Currently, the numbers on paper seem to be much LOWER than this- indicating that far from being outraged by the higher taxes, (which, of course, are some of the lowest of all industrialized countries) most immigrants consider moving to the USA still a good deal, overall.
There are probably a fair amount of illegal immigrants to the USA who retire back to their home countries, but that doesnt count as renouncing if you were never legal in the first place, does it?
The numbers of people renouncing are tiny- even at 700, that is less than the margin of error in measuring expats alone, and a tiny tiny percentage of the 300 million american citizens. Its a tiny amount of the estimated 4 million or so american citizens living in foreign countries.
Its just not enough people to mean much of anything, especially if half of em were just going home anyways, after losing a job, getting a divorce, or when their dad got sick.
Certainly, there is a lot wrong with the USA- but statistically, virtually no one thinks its enough to renounce citizenship.
But hey, knock yourself out.