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JERSEY CITY, NJ - SEPTEMBER 15: An American flag billows in the wind as immigrants stand and take the oath of allegiance to the United States during a naturalization ceremony at Liberty State Park, September 15, 2017 in Jersey City, New Jersey. To mark Citizenship Day, 35 immigrants became United States citizens during the ceremony. (Photo by Drew Angerer/Getty Images)

The number of Americans jumping ship this year is on track to set a new record.

Last year, a total of 5,411 Americans decided to renounce their citizenship to become expatriates, but this year will be even higher. Right now, the US is currently on pace to exceed last year’s number by more than 25 percent, if fourth-quarter results from in 2017 keep abreast of the last quarter of 2016.

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