It’s expensive to renounce your U.S. passport

2008 June 13

It's the coverage of the random but useful stuff like this that I really like about the Economist (and non-mainstream-American media in general)

. . . become law by June 16th, any American who wants to surrender his passport has only a few days to do so before facing an enormous penalty.

That penalty is buried in an innocuous piece of legislation with the veto-proof name, Heroes Earnings Assistance and Relief Tax (HEART) act.

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