Tax Evaders Renounce U.S. CitizenshipNoel Brinkerhoff
Jan. 24, 2012
Girls Threatened For Wearing Trump Hat At DC College
Report: Ivanka, Jared Helped Forced Out Bannon - 'His Far-Right Views Clashed With Their Jewish Faith'
Report: Bannon Eyes Starting Fox News Competitor
Baltimore: Robert E. Lee Statue Replaced With Statue of Pregnant Black Woman
Stephen Bannon Returns to Breitbart
Rather than deal with the complexities of U.S. tax law, Americans living overseas are increasingly renouncing their citizenship in order to avoid paying their income taxes.
According to National Taxpayer Advocate Nina E. Olson, approximately 4,000 people gave up their citizenship from fiscal year 2005 to FY 2010. Renunciations increased sharply within the past three years, from 146 in FY 2008 to 1,534 in FY 2010. And during the first two quarters of FY 2011 alone, 1,024 Americans ditched their citizenship.