Many Americans have been threatening to give up their U.S. citizenship and move to another country if Donald Trump gets elected as President in 2016. And many other Americans have been threatening to give up their U.S. citizenship and move to another country if Hillary Clinton gets elected as President in 2016. Or so they think. Talk is cheap.
It is neither inexpensive nor easy to renounce and relinguish one's U.S. citizenship. The paperwork is daunting. It can take months to complete and you may not qualify to become a citizen of the country you chose to move to. And the fees to renounce and relinquish U.S. citizenship have gone up substantially. In 2013, the U.S. State Department raised the fee to relinquish U.S. citizenship by 221%. In 2014, they raised it another 422%.
Welcome to the U.S. government. They make it difficult to renounce and relinquish your U.S. citizenship. No matter which U.S. political party, or President, is running things, they want American citizens to remain taxpaying American citizens - and suffer the consequences.
