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America’s rich are renouncing their citizenship at record levels — just to get richer.
Startling new data from Uncle Sam show that defections by Americans are expected to double this year, largely to avoid any stiff tax bills resulting from the proposed 55 percent hike on the rich — as well as the likely expiration on Dec. 31 of the Bush era tax cuts.
As many as 8,000 US citizens are projected by immigration officials to renounce in 2012, or about 154 a week, versus 3,805 in 2011, or about 73 per week.
“High-net-worth individuals are making decisions that having a US passport just isn’t worth the cost anymore,” said Jim Duggan, a lawyer at Duggan Bertsch, which specializes in protecting assets of the wealthy.
Read more: nation.foxnews.com...
nation.foxnews.com...
Ever dream of leaving it all behind and heading out of America? You’re not the only one. A new study shows that more US citizens than ever before are living outside of the country. According to statistics from the US State Department, around 6.4 million Americans are either working or studying overseas, which Gallup says is the largest number ever for such statistic. The polling organization came across the number after conducting surveys in 135 outside nations and the information behind the numbers reveal that this isn’t exactly a longtime coming either — numbers have skyrocketed only in recent years. In the 24 months before polling began, the number of Americans between the ages of 25 and 34 living abroad managed to surge from barely 1 percent to over 5.1 percent. For those under the age span wishing to move overseas, the percentage has jumped in the same amount of time from 15 percent to 40. While the United States of America was at one point (and largely still is) a magnet for foreigners in search of work, the statistics makes it clear that an opposite trend is quickly picking up steam. "There's a feeling among more entrepreneurial Americans that if you really want to get anything done, you have to get out of country and away from the depressing atmosphere," Bob Adams of America Wave tells Reuters. “There's a sense of lost direction, so more people are looking for locations that offer more hope about the future.
rt.com...
Originally posted by mkgandhas
reply to post by stanguilles7
Read the Atlas shrugged by Aynn Rand.The Rich are the innovative and enterpreneurial.
Also I cited an RT link.
www.expatyourself.com...
I guess the moochers and freeloaders refuse to believe facts.
Originally posted by Agent_USA_Supporter
reply to post by stanguilles7
i dont 'support the rebels'. I just know how to read.
Really you don't? from your own recent posts it just seem that way
Originally posted by mkgandhas
reply to post by stanguilles7
online.wsj.com...
well its becoming reality.Innovation is leaving USA and corruption,incompetence ,moochers and freeloaders are rewarded. What evidence do you have that innovative people are not leaving usa?
Originally posted by Xcathdra
this is the game they like to play.. They are going to constantly run around the issue while attacking you because they cant refute the facts.
You are better off walking away from them instead of trying to argue with them.. You will get a better response from banging your head against a brick wall with spikes than from the people your talking to.
Walk away and dont look back.