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Americans willing to forgo citizenship...worthed or not?

At the US Embassy in London, there is a waiting list that none of the officials likes to discuss. On the list are Americans hoping to give up their citizenship, as they seek shelter from the Internal Revenue Service.

http://www.ft.com/cms/s/0/0ae8415c-9e5e-11df-a5a4-00144feab49a.html

 
Anonymous

Asked by Anonymous at 11:20 PM on Aug. 3, 2010 in Politics & Current Events

This question is closed.
Answers (12)
  • WEll, I hope those people "defecting" to the UK, enjoy the roughly 40+% they'll pay in income taxes, and a failing national health care system!! LOL
    LoriKeet

    Answer by LoriKeet at 9:01 AM on Aug. 4, 2010

  • I don't agree with the reason, but if someone wants to give up citizenship, I say let them, and don't let the door hit ya on the way out.
    emptynstr

    Answer by emptynstr at 11:59 PM on Aug. 3, 2010

  • yes..you can run but you can't hide
    shay1130

    Answer by shay1130 at 11:26 PM on Aug. 3, 2010

  • The reason is silly, bit it will open up spots for people desperately trying to get citizenship, who are willing to pay taxes.
    hot-mama86

    Answer by hot-mama86 at 12:21 AM on Aug. 4, 2010

  • My question is ... do you really want people who are willing to give up their citizenship for that reason to be citizens? Those are the people who make you ashamed that they call themselves American.
    canadianmom1974

    Answer by canadianmom1974 at 12:27 AM on Aug. 4, 2010

  • Lori, you have the power to edit a whole page!!!!!!!!!! I'm in awe! Oh, and you are correct about the tax rate in the UK. Is this true? I can't read the article because you have to be a member. If you do any research, the UK is still worse off than the USA as far as employment, taxes, personal liberty, and UHC. Why would you leave here to live there? Something doesn't sound right.
    jesse123456

    Answer by jesse123456 at 9:41 AM on Aug. 4, 2010

  • Forgot the link...


    http://www.hmrc.gov.uk/rates/it.htm


    The GBP is currently equivalent to $1.60 in USD




























    2008-09 2009-10 2010-11
    Starting rate for savings: 10%* £0-£2,320 £0-£2,440 £0-£2,440
    Basic rate: 20% £0-£34,800 £0-£37,400 £0-£37,400
    Higher rate: 40% Over £34,800 Over £37,400 £37,401-£150,000
    Additional rate: 50% Not applicable Not appl
    LoriKeet

    Answer by LoriKeet at 9:08 AM on Aug. 4, 2010

  • OOPS!!! Not sure what happened there! LOL
    LoriKeet

    Answer by LoriKeet at 9:09 AM on Aug. 4, 2010

  • The reason is silly, bit it will open up spots for people desperately trying to get citizenship, who are willing to pay taxes.


    Agreed, and aren't the taxes in London higher?

    sweet-a-kins

    Answer by sweet-a-kins at 10:42 AM on Aug. 4, 2010

  • LOL...Jesse....I must remember to use my powers for good, not evil!! :o)


     

    LoriKeet

    Answer by LoriKeet at 10:53 AM on Aug. 4, 2010

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