In 2013, a record number of American renounced their citizenship. There was a 221% increase over 2012.
Forbes provides the numbers through September of 2014:
The U.S. Treasury Department’s name and shame list of Americans who renounced citizenship in July, August, and September this year is up to 776. That’s 2,353 renunciations for 9 months, and that means by year-end last year’s 2,999 renouncers should be exceeded.Yes, this is still the 'early adopter' stage, but even Peter Schiff is heading to Puerto Rico, so the trend is worth keeping an eye on.
Chris Rossini is author of Set Money Free: What Every American Needs To Know About The Federal Reserve. Follow @chrisrossini on Twitter.
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