Why Are So Many Americans Renouncing Their Citizenship?

The number of Americans who renounced their citizenship in 2013 reached a record high according to a report by Forbes. While Forbes claimed that the majority of this rejection was in protest to U.S. taxes, tax experts are saying that this hypothesis is likely incorrect. Lissette Padilla and Elliot Hill discuss the real reason for why so many Americans are jumping ship, in this clip from the Lip News. More Lip News: http://bit.ly/1dgQvAH More Playlists from TheLipTV: BUZZSAW news clips - http://bit.ly/OnZ6MG CRIME TIME clips playlist - http://bit.ly/1dgQxbH BYOD (Bring Your Own Doc) Highlight Videos- http://bit.ly/1dgQxbJ MEDIA MAYHEM short videos playlist - http://bit.ly/1dgQywb http://on.fb.me/1dgQxbN http://bit.ly/OnZ6MI