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CHART: Many More Trying To Save Money By Renouncing Their Citizenship

Did you know the government publishes a quarterly list of every individual who renounces his or her citizenship?

The Wall Street Journal’s infographics team decided to crunch the data and came up with a chart tracking the growth of how many Americans no longer wish to be so.

The results are fairly striking:

The accompanying article by Laura Sanders notes that in 2010, Congress passed a law requiring foreign financial institutions to certify that U.S. taxpayers aren’t hiding money in them as a condition for being allowed to do business here.

Funny how that appears to coincide with the sudden surge that year.

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