Derek Sivers Renounces his US Citizenship

Re:Derek Sivers Renounces his US Citizenship by noahc on Tuesday May 08, 2012 @03:47PM (#3945487)

For those wondering about the Tax issue, I doubt that is the case because of: http://sivers.org/trust

He put the company into a charitable trust, which isn't ever taxed except for on what he receives from the trust, which is set to the lowest amount possible.

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Re:Derek Sivers Renounces his US Citizenship by patrocles on Wednesday May 09, 2012 @12:37AM (#3947126)

~20M dollar exit; in the US, trusts have to pay out 5% per year; he has a ~1M income provided the trust invests well.

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Re:Derek Sivers Renounces his US Citizenship by noahc on Wednesday May 09, 2012 @08:17AM (#3948160)

My understanding is that ~1M a year isn't enough to justify most people loosing their US citizenship over. However, Derek isn't exactly most people.

My general sense on the issue is that money, in particular taxes, is something Derek worries about.

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Re:Derek Sivers Renounces his US Citizenship by noahc on Wednesday May 16, 2012 @09:59PM (#3984994)

just noticed this. I wanted to say, "Not something he cares about"

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