As the Internal Revenue Service has increased their efforts to track down and prosecute U.S. Citizens who are evading taxes, a growing number of people are resorting to a drastic step to avoid paying. The IRS says there has been a sharp increase in the numbers of Americans renouncing their citizenship to avoid disclosing foreign account information. The numbers have increased from 226 in 2008 to over 1400 in 2010. The IRS says the average number was between 200 and 400 renunciations annually before a recent court ruling requiring a Swiss bank to turn over the names of thousands of American clients with secret accounts. The numbers are expected to continue to increase as tax authorities will require more foreign banks to supply information about the accounts of Americans.
Most people who renounce their citizenship are already citizens of two nations. All they have to do is appear before a U.S, Diplomatic representative and sign an oath relinquishing their citizenship from the United States. Peter Dunn is one such person. He says he gave up his citizenship after the IRS demanded his Canadian wife turn over records from joint bank accounts. When asked why he would take such extreme measures, Dunn replied, “My wife’s account is none of their business.” --Jim L. Wilson and Jim Sandell.
--More are renouncing U.S. Citizenship as IRS cracks down, http://www.miamiherald.com/2012/05/13/2798237/more-are-renouncing-us-citizenship.html; May 13, 2012,
Philippians 3:20-21 CEV “But we are citizens of heaven and are eagerly waiting for our Savior to come from there. Our Lord Jesus Christ has power over everything, and he will make these poor bodies of ours like his own glorious body.”