Actor Andrew Garfield (left) who played Saverin (right) in the movie The Social Network.
Posted on 05/18/2012 6:19:09 AM PDT by C19fan
Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay 'hundreds of millions of dollars in taxes to the United States government.' The social media entrepreneur and investor said in a statement, emailed to Reuters by a spokesman, that his decision to move to Singapore was 'based solely on my interest in working and living' there.
(Excerpt) Read more at dailymail.co.uk ...
It is official tax policy of the US feral government to kill the rich, metaphorically for now.
No matter how much money the feral government collects, it will always spend more.
The only way to defeat it is to deprive it of funds.
Anyway anybody finds to accomplish that is fine with me.
Buy a clue. When wealthy people (and businesses) start becoming tax refugees, it’s a signal that taxes are too high, not that we need barriers to exit. We turn a blind eye to mass illegal immigration of poor people and drive wealth, talent, industry and jobs abroad. The technical term for this is “suicide.”
Exactly. This isn't Cuba.
He’s a free person leaving a free country and has paid all the taxes he owes. I wouldn’t do it because I love my country that my ancestors fought and died for. On the other hand why is anyone surprised that this is going on? I’d like to see a day when a future President does like Jimmy Carter did for the draft dogers — issue a blanket pardon to anyone who fled our tax system and welcome them back.
He’s starving the beast.
This reminds me of the terrible days in England (the 60s) when all the film stars and tycoons were moving to California to escape taxes. Michael Caine, in particular, took a brutal beating in the media. I don’t think Ringo Starr has ever come back!
There is something very worrying about this development...
Well done, Mr. Saverin. Here’s hoping thousands more like you do exactly the same thing.
Atlas, shrug on.
Actor Andrew Garfield (left) who played Saverin (right) in the movie The Social Network.
I heard he’s planning on Tim Geithner’s ehexpertise on Turbotax when it comes to pay.
Why is he a POS? Do you think he owes it to the US government to remain a citizen just so they can tax him to death, even though he has lived in Singapore for the last few years? If so, you really are on the wrong site - you would feel more comfortable over on DU...
i don’t blame him for avoiding draconian taxes brought on by this little Kenyan commie!!!
In fact there is a 1868 law that specifically allows you to renounce your citizenship.
Or as I say, we are just wallets to them, there for the picking.
Exactly, even though hundreds of millions in taxes hardly counts as starving the beast. They just won’t be able to take more in the future but they sure get a big chunk now.
The Soviets didn't build a wall to keep people out.
“Mr. Obama, tear down this wall.”
on the contrary...the man is simply exercising good stewardship of his resources...something that the Chuckie Schumers of the world could never do or understand.
The leaders are missing the point, we are going to experience a brain drain thanks to the government taxation policies. Higher taxes, limited opportunities and yet they are surprised when the productive people vote with their feet. This is not a new situation, has happened in many other countries.
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