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:
https://thedailybell.com/3898/US-To-Tax-Everyone-Everywhere-All-the-Time
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:
https://thedailybell.com/3898/US-To-Tax-Everyone-Everywhere-All-the-Time
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