Don't Call It a Comeback
If you’re a dual citizen, and you think the U.S. helps itself to far too large a chunk of your hard-earned cash, here’s a new lesson from Facebook cofounder Eduardo Saverin: renounce your citizenship, and you, too, can avoid a hefty tax bill.
Bloomberg reports that Mr. Saverin, a Brazilian-born resident of Singapore, has decided to forfeit his U.S. citizenship days before Facebook’s IPO, in “a move that may reduce his tax bill.” They pulled the information from a list published by the Internal Revenue Service that names people who have decided to renounce their citizenship as of April 30th.
Break out the “Bright Eyes,” over-sharers! LiveJournal, the no. 1 blogging platform of choice for navel-gazers in the early aughts is sending out notices this week that, “LiveJournal is planning to start deleting inactive empty accounts.” A reader who received the email yesterday sent us a copy, but from the chatter on the site, it seems they’re not the only one.
Don’t dig a digital grave next to your Friendster testimonials and MySpace spam just yet, however. The purge, which LiveJournal has instituted at various times before, looks to be part of a recent attempt to win back American hearts and minds.