National Post

Tax rules for Americans abroad driving some to renounce citizenship
National Post

A year ago, in Action Comics, Superman declared plans to renounce his U.S. citizenship. Last year, almost 1,800 people followed Superman’s lead, renouncing their U.S. citizenship or handing in their Green Cards. That’s a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It’s also almost eight times more than the number of citizens who renounced in 2008, and more than the total for 2007, 2008 and 2009 combined.

Many say they parted ways with America for tax reasons. The United States is one of the only countries to tax its citizens on income earned while they’re living abroad. And just as Americans stateside must file tax returns each April – this year, the deadline is Tuesday – an estimated 6.3 million U.S. citizens living abroad brace for what they describe as an even tougher process of reporting their income and foreign accounts to the IRS. For them, the deadline is June.

For those wishing to legally escape the filing requirements, the only way is to formally renounce their U.S. citizenship. Last year, IRS records show that at least 1,788 people did, and that’s likely an underestimate. The IRS publishes in the Federal Register the names of those who give up their citizenship, and some who renounced say they haven’t seen their name on the list yet.

Ironiquement, ce n’est pas Bush qui a fait en sorte que des Américains renoncent à leur citoyenneté, mais bien Barack Obama…

En pendant ce temps des gauchistes continuent toujours de nier que la fiscalité puisse inciter les gens à vivre ailleurs…