Nearly one-third of U.S. expats have plans to renounce their American citizenship or are "seriously considering it," according to a new survey from Greenback Expat Tax Services.
Over the past year, there was a "big jump" in that number, noted Mike Wallace, CEO at Greenback Expat Tax Services.
The latest figure is based on a poll of roughly 1,000 American expats in February.
About 1 in 5 haven't felt comfortable filing taxes abroad, according to the survey.
American expats must pay U.S. income taxes on worldwide earnings, which include wages, business profits, investment income and more.
Persons:
Mike Wallace, Biden, haven't, expats
Organizations:
U.S, Expat Tax, Tax, Finance, Federal
Locations:
American