Record Numbers Of Americans Renounce US Citizenship

Tyler Durden's picture

It seems like it was only yesterday when we wrote that a record number of Americans have renounced their citizenship by expatriating and handing over their US passports one last time. Well, make that recorder after Thursday's release by the IRS of its latest "taxpatriot list" - a quarterly report that is published in the Federal Register and list the names of every person who renounced thier U.S. citizenship during the previous quarter.

The original idea for publishing these names was that it would become a list of shame, with some government tax lawyers unofficially labeling it the "name and shame" list. But judging by the soaring numbers of people who clearly don't mind putting their name on paper just to get rid of their US passport, it didn’t quite work out that way. In fact to many people being added to the "taxpatriot list" has become a badge of honor.

How many? According to the IRS, in the first quarter of 2015 a record 1,335 Americans renounced their citizenship, 26% more than in the previous quarter, and 18% more than the previous all time high quarter which was in Q2 of 2013.

If one anualizes the Q1 number, the number of 2015 expatriates is set to hit roughly 5,340, or a 56% increase to what was already the record expatriation year of 2014, in which 3415 Americans punched a hole through their passport.

Some thoughts from Bloomberg on this "highly distressing" trend:

“The cost of compliance with the complex tax treatment of non-resident U.S. citizens and the potential penalties I face for incorrect filings and for holding non-U.S. securities forces me to consider whether it would be more advantageous to give up my U.S. citizenship,” Stephanos Orestis, a U.S. citizen living in Oslo, wrote in a March 23 letter to the Senate Finance Committee. “The thought of doing so is highly distressing for me since I am a born and bred American with a love for my country.”


London Mayor Boris Johnson, who had a tax dispute with the IRS, said earlier this year that he would give up the U.S. citizenship he received because he was born in New York. His name isn’t on the IRS list. Eduardo Saverin, a Brazilian-born co-founder of Facebook Inc., gave up his U.S. citizenship in 2012

In any event, whether for tax purposes, because they are tired of living in an Orwellian dystopia (recall that last week a Federal appeals court found the NSA's decade-long pervasive spying on US citizens was illegal, a move which will result in absolutely no change in America's police status), or for any other reason, a record number of former Americans have had enough and just said no to their US citizenship. A trend, which as can be easily seen below, is far from over.


As to whether the following latest IRS expat list is one of shaming, or naming 1335 taxpatriots, we leave it up to readers to decide.

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falconflight's picture

Is renouncing my "pledge" the same thing, or will it become a tortious claim against me by the State?

AIIB's picture

DUAL CITIZEN renouncement? Not likely, unless Lois Lerner was coming at you for taxes (which is unlikely)... But, in which case... EXPECTED...


Fuck this Banana (Jerusalem on the Potomac) Republic

j reuter's picture
j reuter (not verified) AIIB May 9, 2015 3:37 PM

I freelance over th? internet and earn about 80-85$ an hour. I was without a job for 7 months but last month my paycheck with big fat bonus was $15000 just working on my computer from my home for 5-6 hours. Here's what i have been doing...

AIIB's picture
AIIB (not verified) j reuter May 9, 2015 4:33 PM

So... I'm guessing you must b one a dem band of jews that gets paid to junk certain comments on ZH. How many sheckels does your paycheck amount to?

Comte de Saint Germain's picture

Representatives and direct taxes shall be apportioned among the several states which may be included within this union, according to their respective numbers, which shall be determined by adding to the whole number of free persons, including those bound to service for a term of years, and excluding Indians not taxed, three fifths of all other Persons. U.S. Constitution, Article I, Section 2 (third paragraph, first sentence)

According to the Constitution, all individuals born (and naturalized) within the territories in which the corporation THE UNITED STATES OF AMERICA exerts an effective jurisdiction are cataloged as less than human beings (even lower animals are vested with natural and legal rights); these people automatically lose their quality of natural persons either by birth or naturalization; instead, they become Financial Instruments until the day they cease to exist - real or virtual documents representing a legal agreement involving some sort of monetary value. The charter implicitly defines Americans as subservients; the legal scope of TheThree-Fifths Compromise went beyond the issue of slavery and the Thirteenth Amendment only nullified such ancient practice per se, must not its ulterior purpose.

The US Constitution is based on British Common Law, Vatican's Code of Canon Law and Admiralty Law (influenced the latter by the Ordinamenta et Consuetudo Maris). As a matter of jurisprudence, this historical document adheres to the doctrine that Admiralty Law prevails over Common Law and goes in accordance with Canon Law.

The lawful stockholders of THE UNITED STATES OF AMERICA can be found at Buckingham Palace and St. Peter’s Basilica; their legal and financial offices operate from the City of London Corporation and Vatican City respectively.

Financial Instrument (US Citizens) cannot abrogate the charter (the Constitution); however they are exchangeable or can be treated as common stock for citizenship purposes.

asdasmos's picture

This list contains 1,336 names of certain people who renounced or relinquished U.S. citizenship and whose information the IRS received in the first three months of this year. This is a smaller number than the 1,406 records — solely of renunciants, not of relinquishers — which were added to the FBI’s NICS gun control database over the same period, bringing it from 27,240 renunciant records up to 28,646. NICS also added another 767 renunciant records in April. (Given that the Federal Register list is too small even to cover all renunciants, it is not mathematically possible that it includes ex-green card holders, and no name of an ex-green card holder has ever been confirmed present in the list.)



Dubaibanker's picture

Anyone who gives up their US citizenship has various options available as on date. My advice is do it now before these options are also shut down.

Cyprus will give a passport within 90 days if one purchases real estate worth EUR 2.5 million.

Malta will give the same with EUR 1m approx in about 1 year.

Cyprus gives a Permanent Residency paper for EUR 300k while Greece will give for EUR 250k, Portugal for EUR 500k and Spain for EUR 500k. Passport comes in about 10 years.

Macedonia will also give.

Singapore needs USD 2m invested in a employment creating fund to give PR for 5 years but also requires 3 year's audited balance sheets in about 11 sectors which is very restrictive. Also needs to stay for 2-6 years. 

HK has shut its immigration for people with HKD 10m / USD 1.3m in Jan 2015.

Australia and Canada have also become very tight for investors. Canada just opened for skilled workers in April. But is very tight overall and only Quebec allows investors. Even skilled worker program is very tight in rules and focuses on limited types.

UK has doubled their requirement to GBP 2m in Nov 2014. Also requires residency.

Thailand is a fantastic place to live. Cheap living with nice tropical weather. They only require USD 25k in a bank a/c under your name and give you residence visa for 1 year but age must be above 50 years.

China is planning to ease on their immigration route this year.

I am not much familiar with Chile, Uruguay etc but I believe it may require marriage etc or large investment amounts.

Antigua will give a passport as will St Kitts for USD 450k approx including fees by procuring real estate of USD 400k. Allows dual nationality as well and are very good for travellers due to visa on arrival countries almost matching that of US passport. These are small countries with approx 50k citizens that makes them weak over the long term unless someone wishes to live there.

August's picture

>>>I am not much familiar with Chile, Uruguay etc but I believe it may require marriage etc or large investment amounts.

In many Latin American countries permanent residency is fairly easy to obtain, once you assemble all the required documentation.  Colombia will grant PR to those who can show $4,000 per month in non-earned income (and <$1,000 per month, if retired on a state pension).  Chile is similar, as are others.  From what I hear, citizenship in Latin America is a much tougher nut to crack, and the rules are unevenly applied (i.e. on paper you're qualified, but we just don't like you very much, gringo).

IronForge's picture

Avoid Antigua at all costs...

AlaricBalth's picture

Coincidently, I was just talking to my Fiancé, via encrypted communique, who is down in South America for the next month getting our newly built house ready for occupancy. Going to try the dual citizenship route first and then see what transpires. With the amount of land she received from family recently, we could have a compound of homes there.

All Hedgers invited!!


chunga's picture

That must be exciting bro, that sounds so tempting.

Abitdodgie's picture

If America does not have a government but a corperation then you are not renouncing your citizenship but cancelling your employment contract and as they did not hold thier end of the contract it should be easy to do

debtor of last resort's picture

Encrypted? Dual citizenship? I suggest you skip the paperwork, dig up your money and take the first bus out.

DC Exile's picture

Thank you! Where do I submit to be considered for an invitation to your compound?

I too am seeking a second citizenship. One of my buddies left 5 years ago by marrying a South American and eventually renounced. When his son was born the US Gov't wanted to claim the boy!! My buddy told the US gov't to fuck off.

The storm clouds are more forboding than ever. Good luck and may we be part of the remnant that endures!

August's picture

If you find yourself abroad on the Fourth of July, do not attend any functions at the US Consulate.  They are taking names, photographs and, for all I know, DNA samples.  You do get free ice cream and hotdogs, though.

A Nanny Moose's picture

Jonestown 2.0?   ...sorry couldn't resist

Counterpunch's picture
Counterpunch (not verified) falconflight May 9, 2015 3:52 PM

I wish you'd pack up and move to Israel.

You'd love it there.

It's got a government full of people just like you.

Seriously, dude.

Dixie Flatline's picture
Dixie Flatline (not verified) falconflight May 9, 2015 3:56 PM under the domain is the website of theMontreal-based non-profitThe Centre for Research on Globalisation(CRG) founded by Michel Chossudovsky.

While many of Globalresearch's articles discuss legitimate humanitarian orenvironmentalconcerns, the site has a strong undercurrent of reality warping throughout its pages, especially in relation to taking its news from sources such asRussia TodayRT[2]andPress TV.[3]Its view ofscience, the economy andgeopoliticsseems to be broadlyconspiracist.

Whenever someone makes a remarkable claim and cites Globalresearch, they are almost certainly wrong.


Counterpunch's picture
Counterpunch (not verified) Dixie Flatline May 9, 2015 4:01 PM

swing and a miss - here's aforeign policy article establishing that, yes, Israel's justice minister is a racist, supremacist jew.

rationalwiki isn't so rational.

it appears to be the ravings of some state school graduates who think they have a lock on what is "rational" and what isn't.

check out their description of zerohedge.

with editing, it might be fair - but it's fairly...irrational.

huh, indeed.

p.s if you think RT is less reliable than CNN o rFox - you're a fucking idiot. An intelligent approach is to digest news from as many sources as possible. Assume they are all trying to manipulate you. The NY Times literally has CIA 'minders' that they clear stories with.

meanwhile the pro-israel bias of the american msm has been established over and over.

Counterpunch's picture
Counterpunch (not verified) Counterpunch May 9, 2015 4:18 PM

here's democracy now

Ex-U.N. Official John Dugard: Israel’s Crimes are "Infinitely Worse" Than in Apartheid South Africa

heres a few from global research:

Israeli apartheid is a fact. The *fact* is protested in the same way "jewish control of Hollywood" is - not because it's false -


like this...

Jews Boast of Owning Hollywood—But Slam Gentiles Who Say the Same

that's for my hasbara ticks. I wish I had more.


Urban Redneck's picture

You're being too polite to that psychotic bitch.  She will make Eric Holder look like a great Justice Minister.  She is a genocidal war criminal.

Max Steel's picture

rational wiki is a farce . I quoted zerohedge description on rational wiki here in comments in starting and got plentyof downvotes . :D


global research is wrong why ? becayse a russian  canadian economist  jew run it not the khazars ? lol .

Dixie Flatline's picture
Dixie Flatline (not verified) Dixie Flatline May 9, 2015 4:24 PM

Michel Chossudovsky (born 1946) is a Canadian economist and founder of the website

Chossudovsky is the son of a Russian Jewish émigré, the career United Nations diplomat and academic Evgeny Chossudovsky

Schadenfreude pure.

RaceToTheBottom's picture

Author seems to indicate by his writing that an Expat or Expatriate has given up his citizenship.  

That is not the normal meaning.

"An expatriate (often shortened to expat) is a person temporarily or permanently residing in a country other than that of their citizenship. The word comes from the Latin terms ex ("out of") and patria ("country, fatherland")."


I think they meant the article to be about people who renounce citizenship.  Hard to read the rest of the article with that fundamental mistake.


Urban Redneck's picture

Then avoid the official IRS memorandum published in the Federal Register like the plague - as they make the same mistake (conflating renunciation with expatriation, which they do EVERY quarter).  I guess there are too many quota monkeys and H1Bs at the IRS now, but most skilled expats would rather burn in Hell then go to work for the FATCA Devil.

Dixie Flatline's picture
Dixie Flatline (not verified) May 9, 2015 3:22 PM

Already on the drone list to be sure.

chunga's picture

This make the USSA look petty and juvenile.

Freddie's picture

Lt Colonel Givi on his tank in Donestsk parade fighting the NWO and Kiev dual shit-i-Zens.

Too bad the US military has no honor to do their Constitutional duty...but no one else is.

falconflight's picture


I see that the BOURGEOIS family are on the list.  Good sayth the State. 

debtor of last resort's picture

Rich people. Guns & EBT is what's left bitchez. Guess what goes first.

_ConanTheLibertarian_'s picture

Wake me up when there's "x million" in the graph.

Cruel Aid's picture

Yea 1k leaving, big deal. How many left this world in that time.

Not alarming at all...yet, as you said.

asdasmos's picture

It is under reported....


"This list contains 1,336 names of certain people who renounced or relinquished U.S. citizenship and whose information the IRS received in the first three months of this year. This is a smaller number than the 1,406 records — solely of renunciants, not of relinquishers — which were added to the FBI’s NICS gun control database over the same period, bringing it from 27,240 renunciant records up to 28,646. NICS also added another 767 renunciant records in April. (Given that the Federal Register list is too small even to cover all renunciants, it is not mathematically possible that it includes ex-green card holders, and no name of an ex-green card holder has ever been confirmed present in the list.)"



RaceToTheBottom's picture

It would be interesting to know the taxable income or assets of each of the people on the renunciation list....

gwar5's picture

I'll settle for permanent residency outside US right now, then work on getting another passport.



divedivedive's picture

As a current expat I'll tell you that US financial institutions don't want to deal with people who are honest and say they permanently live outside the US. Which leads many expats to use bogus US residencies to deal with those firms. Recently we have attempted to take the honest approach with two US institutions. We went through an extreme vetting process which included our being required to account for all of our lifetime savings. I even printed off our social security reports so they could get a feel for our earnings over 35+ years. The Mexican institutions we deal with are very cautious in their dealings with us. There is also quite a bit of additional paperwork we need to file each year which is becoming more and more tedious.

But - before you can renounce you need to be a citizen elsewhere.


FlacoGee's picture

Incorrect:  "before you can renounce you need to be a citizen elsewhere"

Gain residency in a country and then renounce your US citizenship.    As a free human you have the right to become "Stateless".

At this point, the US government will still "allow" you to become stateless.    I suspect they will close this loophole at some point.

Once you are Stateless, the country you are a LEGAL resident in will have to provide you "Stateless person travel documents".    This is essentially a passport looking document that allows you to travel without actually having a passport from the country where you are a legal resident.





DutchBoy2015's picture
DutchBoy2015 (not verified) FlacoGee May 9, 2015 4:02 PM

Correct,  Sovereign Man.

Actually lots of myths about renouncing.  you can get on a plane the day you renounce and come back into the USA.  But cannot work there.

You don't lose your Social Security if you renounce because you don't have to be a citizen to draw SS. All you need to do is have paid in 40 quarters.

You WILL lose your military pension though. 


FlacoGee's picture

Yeah, Social Security was my only concern.    I paid a small fortune into it, and although I don't expect it to be solvent, I would like to pull some checks to recoup some of the cash I paid in.   Keep in mind that expats pay Social Security taxes even if they are not liable for income taxes on all self-employment earnings while outside the USA....  Renouncing had instant tax benefits.   

Each day outside the USA, I regain more and more of my sanity.

I could care less if it slipped into the ocean at this point.


DutchBoy2015's picture
DutchBoy2015 (not verified) FlacoGee May 9, 2015 4:13 PM

All you need to do is keep on American bank account open to have you SS sent to and hit the ATM in whatever country you are in and draw it out.   You also get the best exchange rates at ATM's and I pay NO FEES here on withdrawals . 

Forget about checks.  Thats passe and haven't seen them in Europe in 20 years.  Everything is direct debit and credit.  I have Debit card from a bank in Chicago.

You don't lose your SS number when renouncing.  


Never One Roach's picture

It must be a real paperwork nightmare for those expats living abroad with family still here or if they have a job there of some sort. I don't know but if someone wants to leave, let 'm. It's a free country, right?


... mmm ... well, maybe not?

TyCarrerra's picture

So you get to keep your SS#, as well as have a US bank account? How about a brokerage account? Are taxes automatically deducted on investment income like dividends?


Farmer Joe in Brooklyn's picture

What social security? 

I'm 37...fat chance...

FlacoGee's picture

Yeah, I am not that much older than you.

I doubt it will be there either, but if it was instantly lost on renunciation I would have thought more deeply on the topic.



Cruel Aid's picture

They moved it from 2035 to 2033 for insolvency.

its alredy there and on pay as you go with diminishing players.

Hence the open borders bailout! so stupid and illegal

Could only work if al gores lock box, invested for fed ponzi inflation, had been in effect from the get go. Galveston is banking it

Friggin shortsighted crook scumbag theives and thugs. Ooo that is a bad word now right? 


DontGive's picture

Nice tip.

This list will probably become confidential once it goes vertical. TPTB don't like pie in their face.

August's picture

>>>You don't lose your Social Security if you renounce because you don't have to be a citizen to draw SS. All you need to do is have paid in 40 quarters.

That is not accurate enough to meet high ZH-level standards:

YOU CAN INDEED LOSE ALL SOCIAL SECURITY BENEFITS post renunciation.  The devil is in the details as to what other citizenship(s) you hold, AND the country where you legally reside. 

The Social Security Administration has a very good webpage devoted to this issue, and it is actually more accurate than what the US Embassy SS reps will tell you.  Go to, and search for "payments abroad" for all the exciting details, which reflect the various tax treaties the USG has signed. There are some peculiarities, such as the one that applies to me:  if I live in Australia and renounce US citizenship, I will get SS retirement payments for life;  if I live in New Zealand and renounce, I will lose ALL SS benefits after six months.   There are similar all-versus-none consequences which vary among the Latin American countries, for instance, and others.  If your retirement planning is heavily based on receiving SS benefits, you need to research the matter thoroughly.

P.S.   People as uninformed and as gullible as Americans have no future. Americans are a dead people that history is about to run over. (Paul Craig Roberts)   Be sure to tell your children.

FlacoGee's picture

Here is an example of statless person travel document:


UK instructions on how to stay in the UK if you are stateless: