Adios, America: Renouncing citizenship hits record numbers (VIDEO)

More Americans than ever renounced their US citizenship in late 2012, but that number means nothing compared to the latest figures.

There's been a six-fold increase in renouncing citizenship, and the number of Americans who made that step in the second quarter of this year comes to around 1,130, according to the IRS.

Is there a max exodus of Americans wanting to avoid paying taxes? RT's Meghan Lopez asks correspondent Erin Ade to explain the number.