Earlier quoted context omitted.
I don't know DS but my guess is, Singapore doesn't recognize dual citizenship, hence you must renounce your US citizenship to get a Singapore passport. http://sivers.org/singapore
That's correct. In fact Singapore is so against dual citizenship that even people who have dual citizenship by birth must choose one or the other once they become adults: by age 22 they must renounce all other citizenships, or lose their Singapore citizenship. Denmark is another country with a similar law, which causes a reasonable amount of angst among Danes reaching that age. Particularly true of those with US/Dani…
Derek Sivers Renounces his US Citizenship
61–70 of 178 posts
Re: Derek Sivers Renounces his US Citizenship
#62Earlier quoted context omitted.
There's been talk recently of wealthy americans fleeing the country for tax reasons. If Obama gets reelected, as is expected, he's gonna go all out in his second term (I'm an Obama supporter but I dislike the idea of taxing the entrepreneurs more to fund the lazy government workers).
> I'm an Obama supporter but I dislike the idea of taxing the entrepreneurs more to fund the lazy government workers So is that like a very mild dislike or something? Otherwise, that sentence makes zero sense.
Re: Derek Sivers Renounces his US Citizenship
#63As someone who holds three nationalities, and is 2 years away from a fourth: I look forward to the day I hold none. Beligerence of the "State" knows no bounds, I hope we can free ourselves from this regressive construct and, once again, live in this world judged by our own merit and character, beholden to none.
EDIT: In case people are interested, my nationalities are: Dutch, German, Canadian. I was born with all three of them (even though I found out only much later). I would loose both my Dutch and my German citizenship if I were to acquire another one.
Re: Derek Sivers Renounces his US Citizenship
#64Is anyone else slightly surprised that: (a) this is public info online, and; (b) it's apparently public because, of all things, HIPPA?
HIPAA is not really about privacy. The name is a good bit of marketing. Don't take my word, check it out for yourself.
Re: Derek Sivers Renounces his US Citizenship
#65The US Tax Code incents US citizens to drop their citizenship before they have 2M USD in net worth. http://www.law.cornell.edu/uscode/text/26/877
At best, you're referring only to US expatriates. The article you linked does not apply to people living in the US at all. Also, political innuendo aside, Sivers doesn't mention tax avoidance in his reasons for moving to Singapore: http://sivers.org/singapore
Re: Derek Sivers Renounces his US Citizenship
#66As someone who holds three nationalities, and is 2 years away from a fourth: I look forward to the day I hold none. Beligerence of the "State" knows no bounds, I hope we can free ourselves from this regressive construct and, once again, live in this world judged by our own merit and character, beholden to none.
Mind sharing which one you're pursuing or which ones you think are worthy nationalities to hold?
Re: Derek Sivers Renounces his US Citizenship
#67Earlier quoted context omitted.
The U.S. embassy has evacuated my family and we're still paying for it. It's not free. We could have hired a private militia and escaped to safety for 5% of what we paid the state department.
Could you elaborate? I'm interested in knowing more. Where were you, how much did it cost, what services were provided?
(I need to ask the family, I remember it being more than 30k)
Re: Derek Sivers Renounces his US Citizenship
#68Earlier quoted context omitted.
Mind sharing which one you're pursuing or which ones you think are worthy nationalities to hold?
Be a U.S. citizen but don't live there. That is the best option of them all, and one I took.
As a U.S. citizen you are required to pay taxes on income earned worldwide and from my understanding you can only deduct up to ~95k in 2012.
From what I've read, being a US citizen and working abroad is expensive and one of the main motivations for people to renounce their US citizenship.
Re: Derek Sivers Renounces his US Citizenship
#69It seems rather useless to simply troll government websites for "revealing" data and make no other comment about it. We can add nothing to this data point beyond conjecture without understanding why a person makes this decision.
EDIT: So people have figured out that he's moved to Singapore and married a Singaporean, which makes perfect sense given their stance on citizenship in general.
I know a Singaporean - they don't like losing citizens. Namely, because of the extensive government involvement in their lives in the form of everything from social services to national ID cards to military service. The approach is a much different path of democracy than what we'd be used to in North America.
Re: Derek Sivers Renounces his US Citizenship
#70Earlier quoted context omitted.
There's been talk recently of wealthy americans fleeing the country for tax reasons. If Obama gets reelected, as is expected, he's gonna go all out in his second term (I'm an Obama supporter but I dislike the idea of taxing the entrepreneurs more to fund the lazy government workers).
...Obama has a propsal to tax entrepreneurs? Rant time: I despise what political discourse in this country has become. Rather than talk about policy we've trained everyone (like marshallp here) to regurgitate sound bites about how this or that politician is "gonna go all out" to do whatever evil thing sounds fun this week. Look: tax policy is a bunch of boring laws. You can read them if you like. You can look at prop…
Maybe not being associated with that (or at least not as much) is another of Sivers' reasons for renouncing...