We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
If you expatriated on or after June 17, 2008, the new IRC 877A expatriation rules apply to you if any of the following statements apply.
Your average annual net income tax for the 5 years ending before the date of expatriation or termination of residency is more than a specified amount that is adjusted for inflation ($147,000 for 2011, $151,000 for 2012, $155,000 for 2013 and $157,000 for 2014).
Your net worth is $2 million or more on the date of your expatriation or termination of residency.
You fail to certify on Form 8854 that you have complied with all U.S. federal tax obligations for the 5 years preceding the date of your expatriation or termination of residency.
currently, $680,000 is excluded.
anyway, most of this is posturing.
Donny "The Bear Jew" Donowitz
Ok I see. It's not really a tax because it only applies to those awful people who actually have wealth worth taxing.
I've left. While not renouncing my US citizenship, I did first move my official home from California to Florida, saving $20,000 in annual California income taxes. I'm now working in Asia for a Middle East government agency and will be moving to that ME country next year.
I estimate that will save me over $25,000 a year in federal income, social security, and Medicare taxes a year in addition to the $20k in California taxes. Plus I will avoid any Obamacare taxes (aka penalties) by staying out of the US for 330 of 365 days.
There is no political freedom there but I won't get involved in local issues in any case. Further, it is not a particularly peaceful part of the world either.
I'll miss my California patio, neighborhood, friends, and family, but the incentives (a solid job for one) are just too attractive to ignore.
Very much doubt that those 35% have ever left the United States for more than a few weeks or perhaps months at a time - maybe some sort of class trip or a semester abroad junior year - and are living in a fantasy world where other countries are "better" than the US. News flash: the rest of the world is either way more uptight and expensive and no fun (Canada, Europe, Japan) or an environmental, political, and economic disaster (pretty much everywhere else). Australia and New Zealand look good, but it is not easy to legally move to these places even if you have an education. I lived for many many years overseas and now am back in the states, where even though things are not so good politically there is at least still a functioning physical infrastructure. For now.
As I tell my liberal/lefty friends, "America is TRULY the greatest country in the world...but only because we're grading on a curve!" And sadly, the rest of the world is far behind.