Record Number Of Americans Renounce U.S. Citizenship In 2016; 2,200% Surge During Obama Reign
by Tyler Durden
ZeroHedge.com
Feb 9, 2017
Obama warned everyone back in 2009 that “elections have consequences.” Now, eight years later, we learn that apparently the “consequences” of running around the country for nearly a decade threatening to raise taxes, “spread the wealth around” and pursue any number of other socialist policies are a record number of people renouncing their U.S. citizenship.
Per a post from the International Tax Blog, the U.S. Treasury recently published the names of individuals who renounced their U.S. citizenship or terminated their long-term U.S. residency (“expatriated”) during the fourth quarter of 2016 and it shattered all previous records.
The number of published expatriates for 4Q 2016 was 2,365, bringing the total number for 2016 to 5,411, setting a new all-time quarterly and annual record. By comparison, the number of expatriates for 2016 reflects a 26% increase over 2015 and a 58% increase over 2014 (3,415).
The Rest…HERE
