So there is a way out for my children. I wonder if we need to do it in those two years or wait until older. The thing that annoys me the most is that the US wants our information about our income abroad yet the US does not give it’s citizens living abroad any of the benefits of being a US citizen. Where is my national healthcare? I am a US citizen and when I visit home to see family I have no insurance because I have a pre existing condition. Really of course more and more normal middle class living overseas, for reasons such as their husband is here, are turning in their Citizenship to the US, that is because we get nothing from the US for being a citizen. This is surely not the way to get those that are embezzling money overseas, but it is a way for those citizens living abroad to be more and more not happy with their home country and wondering why we hold onto our citizenship. Maybe instead of shoving us further and further away you should figure away to really include us as citizens that love our home country and should continue staying with our home country. You are keeping immigrants that cross over the boarders but yet you are driving your own nationally born citizens that have even lived there for years away because of a small percentage of people embezzling money overseas. I am talking about the amounts of people not the amounts of money. There has to be another way.
Americans Abroad Top Annual Record for Turning in Passports
The number of Americans renouncing U.S. citizenship increased 37 percent in the three months through December and the annual total reached a record level, data published Tuesday showed.
The trend likely is accelerating because of a 2010 law that gives the Internal Revenue Service unprecedented access to U.S. citizens’ foreign bank accounts, said Stephen Flott, an attorney at Flott & Co. P.C. in Arlington, Virginia, whose clients include expatriates. The U.S. is the only country within the Organization for Economic Cooperation and Development that taxes citizens wherever they reside.
“If they have no real desire to work or live here, then the question for them is: What’s the point?” Flott said. “For those who feel no real affinity to the U.S., it’s a no- brainer.” read more……