U.S. Taxing Expats Out of Citizenship

You might not know it, but U.S. citizens are ditching their status as Americans in droves. "Citizide" is a dramatic term for what's really just renouncing one's citizenship, a step that a rapidly increasing number of U.S. citizens living abroad are taking to avoid the complicated and expensive tax burdens imposed on them by their home country. In the first half of 2020 alone, almost 6,000 people renounced their U.S. citizenship, a tenfold increase from one year prior. Read Full Article »