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The absolute numbers are still pretty small, though. In 2000 273 people renounced their passports. This year, 6800 people have so far. A big increase, but still
by macrael 9y ago
The absolute numbers are still pretty small, though. In 2000 273 people renounced their passports. This year, 6800 people have so far. A big increase, but still a drop in the bucket compared to the 700k that were naturalized.
- Iv 9y agoThat only captures the flow toward countries that refuse double nationality. 9 out of 10 of the most common names for those are Asian (Chinese mainly, at least one Vietnamese and at least two Korean) Most people will keep their passports even when residing long term abroad.
- hueving 9y agoIs it expatriation if the person isn't giving up their citizenship?
- deleted 9y ago[deleted]
- torrent-of-ions 9y agoMany don't keep their US passport even if they can to avoid paying tax.
- doktrin 9y agoUS worldwide taxation is incredibly obnoxious, but the benefits of keeping a US passport still outweigh the drawbacks for many. That's not guaranteed to last forever, though.
- Dolores12 9y agoWhat are benefits?
- codewithcheese 9y agoYou can become the POTUS!
- Symbiote 9y agoBeing able to return to the USA, and visa-free access to more/different countries compared to the new citizenship. Renouncing American citizenship is extremely rare, as these figures show. The taxation is a paperwork hassle, but you need a very high income to actually owe anything -- for most, the higher tax rate in the new country offsets the American tax due.
- Dolores12 9y agoSo you call it benefit - paying 30%+ of your income in taxes worldwide instead of paying 20$ for visa on arrival? That makes no sense.
- tryingagainbro 9y agoYou will (probably) NOT get another visa to USA if you renounce for taxes.
- pizza 9y agoThat's a pretty large growth rate, though
- nippples 9y agoThe absolute quantity is so far off from being statistically significant sample of the population that the variation rate at this point is a worthless data point.
- nonbel 9y agoStatistical significance doesn't imbue a datapoint with worth, but I guess that thinking is why many research literatures are unreliable because people filter which results get published.