# Of People Dropping U.S. Citizenship up 700% Since Obama

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# Of People Dropping U.S. Citizenship up 700% Since Obama

Postby Todd » Tue Jul 10, 2012 5:12 am

The number of people dropping their U.S. Citizenship is up 700% according to the IRS.

One of the latest to renounce their citizenship is Denise Rich a billionaire Democrat. She is expected to save 10's of millions of dollars in taxes every year.

I just don't get it, if democrats love high tax rates, why don't they want to pay them themselves?

If they don't like loopholes, why do they use them?

Number of US Expats

2008 - 226
2009 - 731
2010 - 1,485
2011 - 1,781

I guess she's is just another rat jumping from a sinking ship......

Other democrats taking advantage of this include Eduardo Saverin Face Book co-founder who is expected to save over $65,000,000 (65 MILLION dollars) in taxes EVERY YEAR.
"Nothing is easier than spending public money. It does not appear to belong to anybody. The temptation is overwhelming to bestow it on somebody." Calvin Coolidge
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