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US Renunciation Fee Rises to $2350

posted by LaminatorX on Wednesday December 03 2014, @12:48PM   Printer-friendly
from the breaking-up-is-hard-to-do dept.

bradley13 writes:

The USA has been making life difficult for Americans residing abroad; FATCA causes plenty of problems; but so does citizenship-based taxation. The IRS and Treasury department have made the reporting and taxation more onerous, and stepped up their collection efforts.

The result should be a surprise to no one: more and more Americans are handing in their US citizenship. Total numbers are unavailable (the lists published by the government include only a portion of the total), but undisputed is the fact that the numbers are increasing rapidly.

Having lots of citizens want to leave is...embarrassing. One solution could be to review the policies leading to people to hand in their citizenship. Another would be to make the fee unaffordable, especially for people living on second- or third-world incomes. It's obvious, of course, which route the USA has chosen: It now costs $2350 to hand in your US passport; more than 20 times the international average.

 
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  • (Score: 1) by Mr. Slippery on Wednesday December 03 2014, @07:00PM

    by Mr. Slippery (2812) on Wednesday December 03 2014, @07:00PM (#122362) Homepage

    I can go to the local Kroger grocery store or Walmart supermarket and buy a Visa gift card with cash, activate it by calling the number on the back and punching in the card number and PIN, and I can then spend it anywhere that accepts Visa.

    What brand gift card? Can you use it online? It seems that you have to regsiter your card to provide an address in order to pass AVS and use a card on-line [theprivacyguy.com].

  • (Score: 2) by frojack on Wednesday December 03 2014, @07:57PM

    by frojack (1554) Subscriber Badge on Wednesday December 03 2014, @07:57PM (#122376) Journal

    Some guys ranting blog post is hardly proof.

    I've had several gift cards over the last year, mostly specific store cards, but also one Visa Gift card, and none of them required anything but a minimal activation, and a couple of these didn't even require that.

    --
    No, you are mistaken. I've always had this sig.