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Title: More Americans Give Up Citizenship As IRS Gets Aggressive Overseas
Source: DOW JONES NEWSWIRES
URL Source: http://www.nasdaq.com/aspx/stock-ma ... s-irs-gets-aggressive-overseas
Published: Apr 5, 2010
Author: Martin Vaughan
Post Date: 2010-04-05 12:51:41 by Brian S
Keywords: None
Views: 738
Comments: 18

By Martin Vaughan, Of DOW JONES NEWSWIRES

The number of American citizens and green-card holders severing their ties with the U.S. soared in the latter part of 2009, amid looming U.S.36;tax increases and a more aggressive posture by the Internal36;Revenue36;Service towards Americans living overseas.

According to public records, just over 500 people worldwide renounced U.S. citizenship or permanent residency in the fourth quarter of 2009, the most recent period for which data are available. That is more people than have cut ties with the U.S. during all of 2007, and more than double the total expatriations in 2008.

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Begin Trace Mode for Comment # 11.

#1. To: Brian S (#0) (Edited)

"The tax itself is only a small part of the issue," the Swiss- based entrepreneur said. "It's the overall regulatory environment."

A minority of the recent expatriates are U.S. natives who have started a new life overseas. Most are people with family ties outside the U.S.: foreign professionals who acquired a green card while working in the U.S., or people who have received higher education in the U.S.

Why do the "wealthy" believe everything is supposed to be free?

war  posted on  2010-04-05   12:57:15 ET  Reply   Untrace   Trace   Private Reply  


#5. To: war (#1)

Why do the "weakthy" believe everything is supposed to be free?

Because taxes are for little people.

Suzanne  posted on  2010-04-05   13:26:35 ET  Reply   Untrace   Trace   Private Reply  


#6. To: Suzanne (#5)

The does seem to apply to Charlie Rangle, now that you mention it.

Badeye  posted on  2010-04-05   13:29:51 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Boofer, Suzanne (#6)

The does seem to apply to Charlie Rangle, now that you mention it.

What is a "does"?

war  posted on  2010-04-05   13:34:12 ET  Reply   Untrace   Trace   Private Reply  


#8. To: war (#7)

What is a "does"?

Multiple female rabbits or deer. lol

mininggold  posted on  2010-04-05   13:38:15 ET  Reply   Untrace   Trace   Private Reply  


#9. To: mininggold (#8) (Edited)

Chuckles... but not as funny as Nelson Boofer Rockefeller here trying to claim he knows personS renouncing their citizenships.

war  posted on  2010-04-05   13:44:31 ET  Reply   Untrace   Trace   Private Reply  


#11. To: war (#9)

Chuckles... but not as funny as Nelson Boofer Rockefeller here trying to claim he knows personS renouncing their citizenships.

He's the original 500 year old man. lol

But I have no doubt he probably DOES know quite a few duallies who are taking some heat.

mininggold  posted on  2010-04-05   14:00:02 ET  Reply   Untrace   Trace   Private Reply  


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