U.S. government data shows that 5,816 Americans renounced their citizenship in the first six months of 2020.That is more than a ten-fold increase from the last six months of 2019, when 444 citizens gave up their passports. One of these statements isnotan explanation for this surge in renunciation of U. S. nationality:

Group of answer choices

Unlike nearly every other country, the U.S. levies tax based on nationality rather than residencemeaning many Americans abroad are forced to file with the IRS (and in some cases pay tax) even if they haven't lived stateside for years

The renunciation fee of $2,350--a 1,200 percent increase introduced in 2020--doesn't seem to be a deterrent; hence some analysts attribute the surge to President Trump's mishandling of the COVID-19 pandemic

The U.S. has abolished dual nationality; so it's preferable to exit the United States than pay a "failure to report overseas income" penalty of $10,000, and an additional $50,000 penalty for continuing to missreporting requirements.

Americans who live stateside and have foreign assets must report their foreign assets to the IRS if the value of those holdings exceeds $50,000 on the last day of the tax year ($100,000 for joint filers) or if they go over $75,000 at any time during that year ($150,000 for spouses filing jointly).