The Americans queueing up to renounce their citizenship

3 hours ago

Renouncing US citizenship has lengthy waiting lists at consulates worldwide, such as over 14 months in London.
Renunciations increased from hundreds annually in the 2000s to thousands since 2014, with costs reduced from $2,350 to $450 after legal battles.
Political events like the 2016 election and Trump's presidency are common reasons for renouncing, driven by disillusionment with US policies and divisions.
The US taxes based on citizenship, not residency, causing financial burdens and complications like foreign bank account restrictions and exit taxes.
Renouncing can lead to being classified as a 'covered expatriate,' risking re-entry denial and inheritance tax liabilities for children.
Some experience contempt or shabbiness during the renunciation process, while others describe it as anticlimactic.
Concerns include military draft registration laws and job security risks for those in sensitive positions abroad.
Renouncers often face personal dilemmas, such as family conflicts or losing political voice, but most do not regret their decision.

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