The Great American Exodus: Why Citizens Are Seeking Foreign Citizenship The notion that Americans would rather hold a passport from another country than their own has long been considered an anomaly.
However, over the past decade, this trend has become increasingly prevalent, with thousands of US citizens applying for foreign citizenship each year. What's Driving Americans to Seek Foreign Citizenship?
Economic factors play a significant role in this trend. The US tax system, particularly the Estate Tax and the Gift Tax, can be burdensome for some individuals, especially those with significant wealth.