The State Department is increasing the fee to renounce American citizenship to $2,350 from $450, Forbes reports. That's on top of the exit tax requirement that you pay all capital gains tax you would owe if you sold your assets. The Forbes article reports that, "Apparently, dual citizens in Canada trying to shed their U.S. citizenship have created a backlog at the U.S. consulate in Toronto that stretches into the third week of January 2015." It's not just corporations like Burger King trying to flee America for Canada to lower their tax burdens — it's people, too.
Raising the Reichsfluchsteuer