Obama's legacy - thousands renouncing US citizenship

Started Mar 3, 2013 | Discussions thread
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Princess Leia
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Obama's legacy - thousands renouncing US citizenship
Mar 3, 2013

"Across the world 1,781 Americans renounced their citizenship in 2011 compared with just 231 in 2008, when US tax laws changed, although it remains unknown how many are adopting British rather than any other nationality.

Many decide to give up their American citizenship after tiring of the lengthy US tax return process, which requires them to pay tax on their total income regardless of where they live."

http://www.telegraph.co.uk/expat/9904314/Americans-renouncing-citizenship-to-become-British-thanks-to-tax-rise.html

Obama's legacy:

1. First US credit rating downgrade

2. All time high sales of guns

3. All time high Americans renouncing citizenship

4. All time spending

5. All time high golfing

6.

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