Facebook Co-Founder Renounces U.S. Citizenship, May Lower Tax Bill

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http://feeds.mashable.com/~r/Mashable/~3/4I4vdh4kHp4/

Comments

Jason Nunnelley said…
Ya know, that's an awful extreme move to save 15%. I think I'd pay the 15% and continue to enjoy my US passport privileges.
May 11, 2012 at 11:18 AM
Tim Ward said…
...unless you're just downright disgusted with the US.
May 11, 2012 at 11:21 AM
Elias Mårtenson said…
Jason ON, what privileges are those?
May 11, 2012 at 11:28 AM
John Bump said…
Getting felt up by the TSA, that's what privileges!
May 11, 2012 at 11:30 AM
Elias Mårtenson said…
John Bump, I think you can get those privileges without being a US citizen too. :-)
May 11, 2012 at 11:30 AM
Jason Nunnelley said…
I've never been stopped at a border and sent home due to immigration risk. If you're in business, that's pretty powerful. A friend from Ireland catches crap every time he travels home or here, from US agents. I've be able to travel without notice, without limitation, without harassment, and nobody cares if I stay in their country several months at a time.

I'd say that's pretty valuable.
May 11, 2012 at 3:47 PM
Jason Nunnelley said…
Note: "without harassment" means "without unique harassment due to my nationality."

Aside from a hand full of nations who hate Americans more than they love our money, travel anywhere but the US is a privileged experience for an American with a US passport. I've stood in line watching Africans get proctology exams while I was waved through with a subtle nod, like "we know you're an American."
May 11, 2012 at 3:50 PM
Elias Mårtenson said…
Jason Nunnelley well, Singaporeans are among the countries whose citizens have the least troubles at borders together with countries like Sweden. Just look at the list of countries that demand visa for entry by US citizens, vs the same one for Singaporeans.

I live in Singapore. The team of 13 I work in has 10 different nationalities and we do a lot of travelling. I can assure you that Singaporeans have it very easy. There are even countries where they don't need visa, but I as a swedish citizen do.
May 11, 2012 at 5:59 PM
Jason Nunnelley said…
Elias Mårtenson I knew there were nations that enjoyed US style liberties, some even more so. I'm unlikely to rescind my citizenship to avoid taxes. It just seems like an awfully bad trade, at a 15% capital gains tax.

BTW, that doesn't mean the US government will respect his choice or abstain from harassing him about tax. Ask Kim Dot Com what the US does when you tick off the State.
May 12, 2012 at 11:46 AM
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