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CHART: Eduardo Saverin's Not The Only Rich One Trying To Save Money By Renouncing His Citizenship
Business Insider ^ | 05/20/2012 | Rob Wile

Posted on 05/20/2012 6:06:04 AM PDT by SeekAndFind

Did you know the government publishes a quarterly list of every individual who renounces his or her citizenship?

The Wall Street Journal's infographics team decided to crunch the data and came up with a chart tracking the growth of how many Americans no longer wish to be so.

The results are fairly striking: 

taxleaving

WSJ.com

The accompanying article by Laura Sanders notes that in 2010, Congress passed a law requiring foreign financial institutions to certify that U.S. taxpayers aren't hiding money in them as a condition for being allowed to do business here.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: citizenship; eduardosaverin; goodriddance; loveitorleaveit; saverin

1 posted on 05/20/2012 6:06:12 AM PDT by SeekAndFind
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To: SeekAndFind

2 posted on 05/20/2012 6:07:33 AM PDT by SeekAndFind
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To: SeekAndFind

the only thing shocking to me is that the numbers dropped so dramatically between 2005 to 2008


3 posted on 05/20/2012 6:13:57 AM PDT by TexasFreeper2009 (Obama lied .. and the economy died.)
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To: SeekAndFind
How can we stay a free nation, strong and respected, if we allow people to leave just because they want to?

We can't keep our beacon of freedom lit if we just let people leave willy nilly whenever they feel like it!

4 posted on 05/20/2012 6:16:03 AM PDT by EGPWS (Trust in God, question everyone else)
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To: TexasFreeper2009

Bush’s fault.


5 posted on 05/20/2012 6:20:13 AM PDT by meatloaf (Support Senate S 1863 & House Bill 1380 to eliminate oil slavery.)
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To: SeekAndFind
I have looked into the citizenship requirements in Australia many times. It seems fairly straight forward and easy if you are a successful business man under 45 years old.
6 posted on 05/20/2012 6:21:35 AM PDT by TexasFreeper2009 (Obama lied .. and the economy died.)
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To: EGPWS

I’m kind of bewildered by your post EGPWS... i don’t know if sarcasm was involved or what.

Isn’t part of being free allowing people to come and go as they wish? Seems to me that we should simply change course and become [again] the place that people WANT to be.


7 posted on 05/20/2012 6:22:12 AM PDT by Principled
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To: SeekAndFind

The numbers are still small, but they obscure the fact that rich people throughout the world used to want to COME TO the United States because it was one of the few countries at the time governed by laws. How many of those have decided not to come because we now punish the rich as if they stole their wealth?


8 posted on 05/20/2012 6:25:47 AM PDT by winner3000 (ss)
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To: SeekAndFind

Bfl


9 posted on 05/20/2012 6:27:59 AM PDT by llandres (Forget the "New America" - restore the original one!!!)
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To: SeekAndFind

At last report, Obama’s pal Warren Buffett and his company, Berkshire Hathaway, owed more than $1 billion in back taxes for income earned as far back as 2002.

Buffett didn’t move out of the country and renounce his citizenship to legally avoid paying taxes - he just refuses to pay them, the laws be damned.

If you are a pal of Obama the law doesn’t apply to you.


10 posted on 05/20/2012 6:28:57 AM PDT by Iron Munro (If you want total security, go to prison. The only thing lacking is freedom - Dwight D. Eisenhower)
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To: SeekAndFind

I suspect the govt’s rules make it easier for suspected terrorists to get into the country than for tax-fleeing expatriates to do so (even as a tourist).


11 posted on 05/20/2012 6:30:43 AM PDT by Constitutionalist Conservative (I'm a constitutionalist, not a libertarian. Huge difference.)
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To: Principled
Isn’t part of being free allowing people to come and go as they wish? Seems to me that we should simply change course and become [again] the place that people WANT to be.

No!

In the words of the venerable Chuck E. Schumer, those who are given the opportunity in this country to become rich off of the backs of the poor by the democrat elitists in Washington, should give everything back that was so generously given to them if they leave. Otherwise they should be forced to stay and pay a hefty fee via taxes to pay back those who have given them their riches.

12 posted on 05/20/2012 6:47:08 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Constitutionalist Conservative

So this is the comical scenario to all of this. The guy with $100 million decides three years ago to quietly move his millions off-shore (bank-bonds, etc). After everything is in a safe bank somewhere, now he shows up to renounce himself...in the US consulate at the foreign country of course. The IRS guys try to use the new ex-patriot act but find that the guy is already prepared for them....with foreign lawyers prepared for them in the foreign court.

If only the Jews had been this smart back in 1938...in Nazi Germany.


13 posted on 05/20/2012 6:48:06 AM PDT by pepsionice
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To: TexasFreeper2009

That was the height of the housing boom when everyone owned an American house. No doubt they felt compelled to use it.


14 posted on 05/20/2012 6:53:52 AM PDT by Brilliant
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To: pepsionice

Bfl


15 posted on 05/20/2012 6:54:26 AM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Alec Baldwin ping. Thanks SeekAndFind.


16 posted on 05/20/2012 6:55:00 AM PDT by SunkenCiv (FReepathon 2Q time -- https://secure.freerepublic.com/donate/)
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To: EGPWS

RE: How can we stay a free nation, strong and respected, if we allow people to leave just because they want to?

That’s what the East Germans and the Russians also said during the cold war.


17 posted on 05/20/2012 6:56:19 AM PDT by SeekAndFind
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To: Principled; EGPWS

I remember during the Republican debates when people laughed at Ron Paul for saying he opposed building a wall between the USA and Mexico because doing so will not only ensure that people won’t come to the USA, it will also be used later to ensure that Americans will be forced to STAY IN the USA.

After seeing what’s happening today, I’m not laughing anymore.


18 posted on 05/20/2012 6:58:40 AM PDT by SeekAndFind
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To: EGPWS

That’s right. “Give us your tired and huddled masses longing to be free. But understand that once you get here you can’t change your mind!”


19 posted on 05/20/2012 7:00:24 AM PDT by Terry Mross ("It happened. And we let it happen." Peter Griffin - FAMILY GUY)
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To: Iron Munro

Yes, what a hypocritical SOB and I saw where he’s buying up 63 newspapers. Just ducky (NOT).


20 posted on 05/20/2012 7:08:32 AM PDT by llandres (Forget the "New America" - restore the original one!!!)
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To: Terry Mross

The Eagles in HOTEL CALIFORNIA:

“You can check out anytime you like BUT YOU CAN NEVER LEAVE” (cue the guitar twanging)


21 posted on 05/20/2012 7:13:31 AM PDT by SeekAndFind
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To: SeekAndFind

I guess it’s time to finally build that wall we’ve all talked about.

To keep the peasants in of course.


22 posted on 05/20/2012 7:26:20 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: SeekAndFind

There is going to come a day when the Democrats insist we build the border fence. They will use an explosion in illegal immigration as the excuse that the fence has to be built now or else we will fail as a country.

What they won’t tell us is that the tines from the barb wire will be pointing inwards.


23 posted on 05/20/2012 7:28:07 AM PDT by EQAndyBuzz (Would you rather eat dog food or cat food? Guess it's Romney 2012.)
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To: EGPWS
We can't keep our beacon of freedom lit if we just let people leave willy nilly whenever they feel like it!

Too bad the rino outlawed the incandescent light bulb used in the beacon.

The made in China compact florescent they replaced it with just doesn't have the lumens required for that job.

24 posted on 05/20/2012 7:37:51 AM PDT by GBA (To understand what is happing to America and why, read The Harbinger by Jonathan Cahn)
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To: SeekAndFind

bookmark for later.


25 posted on 05/20/2012 7:40:39 AM PDT by elkfersupper ( Member of the Original Defiant Class)
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To: EGPWS

ok now in that reply I could see it ;)

never know these days...


26 posted on 05/20/2012 7:47:34 AM PDT by Principled
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To: SeekAndFind
Schumer and Casey might as well have been talking about building a fence to keep the dairy cattle from wandering off. That's an enlightening glimpse of how the ruling elite sees us - our productivity belongs to them, just like our children and our 401K's.
27 posted on 05/20/2012 8:03:33 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: EGPWS
Lets not forget about from PA Bob Casey from PA and his buddy Chuck Schemer of NY
28 posted on 05/20/2012 8:05:10 AM PDT by Johnny_cash
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To: unixfox
"I guess it’s time to finally build that wall we’ve all talked about. To keep the peasants in of course." The Progressives of the old Soveit Union did much of the same. Walls, fences and guards with orders to shoot to kill. They even demanded that a person repay the government for their 'free' education, 'free' health care, 'free' food, 'free' housing etc, before being allowed to leave.
29 posted on 05/20/2012 8:20:09 AM PDT by fella ("As it was before Noah, so shall it be again.")
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To: EGPWS
How can we stay a free nation, strong and respected, if we allow people to leave just because they want to?

We can't keep our beacon of freedom lit if we just let people leave willy nilly whenever they feel like it!

You can't be serious ?

take away a persons right to leave the country and renounce America would be just like not having any Freedom at all please tell me this was sarcasm !

30 posted on 05/20/2012 8:33:51 AM PDT by ATOMIC_PUNK (Any man may make a mistake ; none but a fool will persist in it . { Latin proverb })
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To: Johnny_cash
Casey said if the bill becomes law, a wealthy person renouncing their citizenship would have to prove to the IRS they had a legitimate reason, not just taxes.

These people have to go or we no longer will have a free nation.

It's an insult that these people believe that we all think that they are in charge of us and that taking our freedom away is best for us as individuals.

They are completely out of touch with reality and what the mindset of the public in general is.

31 posted on 05/20/2012 8:37:21 AM PDT by EGPWS (Trust in God, question everyone else)
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To: TexasFreeper2009
[Emigrating to Australia] It seems fairly straight forward and easy if you are a successful business man under 45 years old.

SOMEBODY has to pay for their Socialism.

32 posted on 05/20/2012 8:56:54 AM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: SeekAndFind

After the extremely wealthy renouncing their citizenship, the next group may be moderately wealthy retirees. If SS is transformed into a welfare program and Medicare implodes, wealthy seniors will have little incentive to stay.


33 posted on 05/20/2012 9:24:45 AM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: SeekAndFind

I’m laughing... laughing at you. The major ports of debarkation for legal people are not along the Mexican border. What a silly statement.


34 posted on 05/20/2012 9:30:03 AM PDT by Henry Hnyellar
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To: Henry Hnyellar

RE: The major ports of debarkation for legal people are not along the Mexican border.

And yo think my statement refers to debarkation via Mexico? HUH!!!

I might not be a PaulBot but I don’t think the man is so stupid that he is thinking about a LITERAL FENCE that keeps Americans in.


35 posted on 05/20/2012 4:18:07 PM PDT by SeekAndFind
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To: GBA

RE: Too bad the rino outlawed the incandescent light bulb used in the beacon.

Get a load of this invention in America:

http://newcandescent.com/index.html

THE NEWCANDESCENT BULB


36 posted on 05/20/2012 4:21:08 PM PDT by SeekAndFind
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