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More Americans Than Ever Are Renouncing Their Citizenship. Guess Why

U.S. passports are arranged for a photograph in New York, U.S., on Tuesday, April 23, 2013. A court challenge by federal immigration agents seeking to block President Barack Obama?s deferred-deportation initiative will probably succeed, a judge said. Photographer: Victor J. Blue/Bloomberg via Getty Images
U.S. passports are arranged for a photograph in New York, U.S., on Tuesday, April 23, 2013. A court challenge by federal immigration agents seeking to block President Barack Obama?s deferred-deportation initiative will probably succeed, a judge said. Photographer: Victor J. Blue/Bloomberg via Getty Images

More Americans are deciding that they'd rather give up their citizenship than pay more taxes.

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