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Author:	[General Discussion] Topic: Renounce your US citizenship to lessen your tax-bill
wallstreetcappers	View Space \| Friends \| Playbook \|
Covers Linesmen Joined: Feb 2003 Posts: 47627 Location: United States	#26 Posted: 5/14/2012 4:44:39 PM QUOTE Originally Posted by Ktrain: I would normally agree with this. However, with the current record our government has with managing money I have a hard time blaming him for this. I know he is doing this for personal reasons, to keep more money for himself and less away from the U.S. Government. He has a more impressive record with handling money than our government does though. If the government were more efficient in handling tax payer money I would probably take more of an exception to this. Not really the point, he has maintained citizenship how many years? The OP above is right, I highly doubt the government is going to sit idle while this guy snakes out of an obligation, the same obligation other citizens have as the scale of the rate is not the issue. The wealth was accumulated here, he should be required to keep his tax obligation here..just like Mark and the other snakes are.
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14daroad	View Space \| Blog \| Friends \| Playbook \|
Captain Joined: Aug 2005 Posts: 7142 Location: Virginia	#27 Posted: 5/14/2012 5:44:47 PM QUOTE Originally Posted by wallstreetcappers: Not really the point, he has maintained citizenship how many years? The OP above is right, I highly doubt the government is going to sit idle while this guy snakes out of an obligation, the same obligation other citizens have as the scale of the rate is not the issue. The wealth was accumulated here, he should be required to keep his tax obligation here..just like Mark and the other snakes are. Note the bitterness and desire to punish. The entire Exeutive branch id run buy people with that mind set. Gee, I'm shocked this guy is leaving America.
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wallstreetcappers	View Space \| Friends \| Playbook \|
Covers Linesmen Joined: Feb 2003 Posts: 47627 Location: United States	#28 Posted: 5/14/2012 7:26:30 PM QUOTE Originally Posted by 14daroad: Note the bitterness and desire to punish. The entire Exeutive branch id run buy people with that mind set. Gee, I'm shocked this guy is leaving America. Cool it bud.. Fair is fair, he lives here, the business is here, the business was built here while he worked here. Outside insults can you defend how he should be allowed to dodge taxation on his income?
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BMA	View Space \| Blog \| Friends \| Playbook \|
Banned Joined: Jul 2011 Posts: 13782 Location:	#29 Posted: 5/17/2012 4:56:21 AM California likes Facebook especially that $2bn tax windfall from that share sale this week a budget watchdog announced that a tax windfall from the Facebook initial public offering (IPO), WILL DELIVER MORE THAN $2bn to the Golden State's coffers in the next 2 years
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canovsp	RSI View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Dec 2009 Posts: 2941 Location: United States	#30 Posted: 5/17/2012 10:54:37 AM QUOTE Originally Posted by Ktrain: Why should we bash him for this anyway? So he doesn't have to pay taxes to a country that will piss them away anyway? After the tarp bailouts and with our current situation of wall street owning the government, I find it difficult to be mad at him. Totally agree K The argument, at least for conservatives like me, would lessen if our tax dollars were better spent and the investments were a success. Think about it. Education: kids are stupider today. Energy: we depend more on foreign oil today then we did when the Dept of Energy was created. Stimulus and TARP: check out the jobless rate today (not the unemployment rate). National Endowment of the Arts: no comment necessary Environment/Green Energy Jobs: Solyndra (part of Stimulus); cars running on algae, unicorn milk, or whatever the hell else they can think of. Government Employees: the equivalent employees in the private sector get less pay and less benefits.
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atlheatholder	RSI View Space \| Blog \| Friends \| Playbook \| My Sportsbook: 5Dimes \|
Captain Joined: May 2007 Posts: 5721 Location: United States	#31 Posted: 5/17/2012 5:49:56 PM US To Tax Everyone, Everywhere, All the Time? Thursday, May 17, 2012 Senators to Unveil the 'Ex-Patriot Act' to Respond to Facebook's Saverin's Tax 'Scheme' ... Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again ... At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the "Ex-PATRIOT" – "Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy" – Act to respond directly to Saverin's move, which they dub a "scheme" that would "help him duck up to $67 million in taxes." – ABC Dominant Social Theme: These taxes are very important in the scheme of things. The US would collapse without them. Free-Market Analysis: You would think with all the economic chaos swirling about that those who make the laws and levy taxes would be somewhat apologetic. Not Senator Chuck Schumer, though. He wants to make it illegal for a US citizen to take advantage of the tax laws of other countries. Here is the rest of the article: http://thedailybell.com/3898/US-To-Tax-Everyone-Everywhere-All-the-Time
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prof8t	View Space \| Friends \| Playbook \|
Rookie Joined: Jan 2007 Posts: 566 Location:	#32 Posted: 5/17/2012 8:07:51 PM Good for him. This government has been screwing us for years. I hope he really pulls one over on them and too bad we can't all follow suit.
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