The word is out. People are leaving the US in droves.
The latest FBI NICS list of American citizens who have expatriated shows a spike in individuals who have renounced their US citizenship.
The list, published quarterly, provides a grand total of 2,193 such renunciants since the end of last year. 2013 resulted in a total of 2,999 renunciants, which constituted a 221% increase over those who left in 2012. And we are just half way through 2014.
The NICS list, however, appears to be incomplete. For starters, NICS only lists renunciants, not relinquishers. And yes, there is a difference. Renouncing requires swearing an oath in front of an official of the US government and now has a $2,350 fee attached to it, a recent increase of 422%. Relinquishing does not require the involvement of a US government official but instead involves making one of a number of acts which result in forfeiting one’s US citizenship...