631 people renounced their US citizenship in the 4th quarter of 2013.
This is an entire order of magnitude higher than the 45 people who renounced in 4Q/2012. And in total, 3,000 Americans renounced their citizenship in 2013– another record high.
The previous record (1,777) was set in 2011, which shattered the previous record before that (1,534) which was set in 2010, which was more than twice the number (742) that renounced in 2009.
You can see the trend here. And it’s not hard to figure out why it’s happening.
As the United States Taxpayer Advocate Nina Olsen recently told Congress in her scathing