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Facebook founder Eduardo Saverin could be BANNED from the U.S....
UK Daily Mail ^ | May 17, 2012 | Staff

Posted on 05/17/2012 6:15:33 AM PDT by C19fan

Facebook co-founder Eduardo Saverin may not be allowed to return to the United States after he renounced his citizenship to save millions in tax. The 30-year-old, who has a $3.64billion stake in the social networking site, migrated to Singapore ahead of the company's massive stock market floatation tomorrow.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy
KEYWORDS: facebook; saverin

1 posted on 05/17/2012 6:15:37 AM PDT by C19fan
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To: C19fan; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; NFHale; ...

Obama’s major successes :

1) Gun sales
2) Gold sales
3) Americans renouncing citizenship


2 posted on 05/17/2012 6:19:45 AM PDT by sickoflibs (Romney is a liberal. Just watch him closely try to screw us.)
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To: C19fan

I would like to nominate a few more names to the “banned in the U.S.A” list. Where is this list kept?


3 posted on 05/17/2012 6:22:25 AM PDT by outpostinmass2
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To: C19fan
Facebook co-founder Eduardo Saverin may not be allowed to return to the United States after he renounced his citizenship to save millions in tax.

Where's the obligatory revelation that this greedy bass turd is a huge contributor to Republican candidates?

An oversight, I'm sure.

Perhaps future references will contain this crucial information.

4 posted on 05/17/2012 6:23:50 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: C19fan

“Give me your tired and poor” because they’ll vote for handouts from power-hungry politicians.

Punish the Evil Rich because rapacious politicians are jealous of them and are infuriated that they have the means to escape flagellation by taxation.


5 posted on 05/17/2012 6:24:41 AM PDT by txrefugee
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To: C19fan

Big whoop. Fly to Mexico and take the route most traveled into our country and he can still vote in elections and get free medical care at any of our fine emergency rooms.

I do not see the draw back for Edwuardo.

No tax option will be taken by all those who can do it with the current revenue grabbing frenzy that has overtaken DC.


6 posted on 05/17/2012 6:24:41 AM PDT by urbanpovertylawcenter (where the law and poverty collide in an urban setting and sparks fly)
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To: txrefugee

Scenario 1 - raise taxes to squeeze as much out of the rich as possible, and implement punative policies to punish them if they try to avoid the squeeze.

Scenario 2 - lower taxes to reasonable levels and the “rich” pay the taxes and keep their money here.


7 posted on 05/17/2012 6:27:57 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: C19fan

I don’t care if this guy renounces his citizenship but if the SHTF in whatever country he is in you know he will want good old Uncle Sam to bail him out or protect him. Let him deal with it.


8 posted on 05/17/2012 6:29:54 AM PDT by trailhkr1 (All you need to know about Zimmerman, innocent = riots, manslaughter = riots, guilty = riots)
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To: sickoflibs

I’m not “rich,” but I vacillate between thinking of leaving my beloved USA and mulling over what’s going to be necessary to take it back. My freedom is being eroded as we speak, and the Reds in the White House are plotting to confiscate what’s left of my income and savings.

I wake up in the night with my heart pounding: “Is this Germany in the 1930’s? Should I stand and fight, or take my family and get the hell out?”


9 posted on 05/17/2012 6:30:04 AM PDT by July4 (Remember the price paid for your freedom.)
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To: C19fan

Let’s not make Saverin into Patrick Henry.His family has no allegiance to this country!


10 posted on 05/17/2012 6:30:46 AM PDT by Dr. Ursus
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To: C19fan

That thing hitting him in the butt, is the door.

Bye.

America first.


11 posted on 05/17/2012 6:32:42 AM PDT by Cringing Negativism Network (Vote for the straight guy.)
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To: July4
I wake up in the night with my heart pounding: “Is this Germany in the 1930’s? Should I stand and fight, or take my family and get the hell out?”
 
 
While you decide; consider this...
 
 


12 posted on 05/17/2012 6:33:58 AM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: July4

You are not alone.


13 posted on 05/17/2012 6:34:27 AM PDT by BipolarBob ("Oh no, I'm not sick, well I'm not physically sick anyway. Mentally I'm sick beyond any doctor's abi)
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To: urbanpovertylawcenter

Singapore is competent enough in things like medical care. It does not lack the wealth.

I wouldn’t like the nanniness of Singapore. Also if I owned or directed a company that was based on free speech on the web, I’d be worried about repercussions from Singapore’s stringent libel laws which allow government officers who think they’ve been dissed in print to sue. The USA would be far safer.


14 posted on 05/17/2012 6:35:42 AM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: July4

Should I stand and fight, or take my family and get the hell out?”

A good question to ask the thirty some thousand per year who are leaving the USA. The old Gray Mare, she isn’t what she use to be ? I understand with little money, a person can go to some foreign country’s and live the easy life ?....maids and servants work for little pay, so I’m told.


15 posted on 05/17/2012 6:39:16 AM PDT by buck61
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To: buck61

Far more are still coming in, honestly or otherwise. But this figure has to be skewed by the government bennies system, which subsidizes illegales that it could kick out (but won’t) to the tune of some ungodly number of dollars yearly.


16 posted on 05/17/2012 6:45:27 AM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: C19fan

more power to him getting away from this corrupted govt

IRS is illegal anyway


17 posted on 05/17/2012 6:46:10 AM PDT by SF_Redux (Sarah stands for accountablility and personal responsiblity, democrats can't live with that)
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To: SF_Redux

From one frying pan into another, or maybe the fire even. Singapore looks great in the newspapers because sunshine will get you severe repercussions there.


18 posted on 05/17/2012 6:48:32 AM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: sickoflibs

Don’ forget the cut in our credit rating.


19 posted on 05/17/2012 6:49:12 AM PDT by Eric in the Ozarks
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To: July4
RE :”I’m not “rich,” but I vacillate between thinking of leaving my beloved USA and mulling over what’s going to be necessary to take it back. My freedom is being eroded as we speak, and the Reds in the White House are plotting to confiscate what’s left of my income and savings.

If you are not ‘rich’ then renouncing your citizenship probably wont buy you much anyway.
They have huge tax liabilities for investments they have outside the country even if they live outside the country.

20 posted on 05/17/2012 7:03:06 AM PDT by sickoflibs (Romney is a liberal. Just watch him closely try to screw us.)
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To: trailhkr1
I don’t care if this guy renounces his citizenship but if the SHTF in whatever country he is in you know he will want good old Uncle Sam to bail him out or protect him. Let him deal with it.

Amen. And . . . if this country ever falls to Second, let alone Third World status, I believe that all the American expats in Third Worlds can expect a "It's PAYBACK Time!" reaction from their host country. Many are envious to the point of vindictiveness or at least will cop a "Tough Noogies" attitude as the locals get "revenge for past wrongs".

21 posted on 05/17/2012 7:22:58 AM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: July4
I wake up in the night with my heart pounding: “Is this Germany in the 1930’s? Should I stand and fight, or take my family and get the hell out?”

What escape route is analogous to America in the 30's?

22 posted on 05/17/2012 7:34:29 AM PDT by avenir (I'm pessimistic about man, but I'm optimistic about GOD!)
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To: MrB
“Scenario 2 - lower taxes to reasonable levels and the “rich” pay the taxes and keep their money here.”

And, maybe hire more people. Maybe put some people to work in US.

23 posted on 05/17/2012 7:38:06 AM PDT by hummingbird (I am Breitbart and Spartacus.)
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To: avenir

From Top Secret:

Hillary Flammond: My uncle was born in America.
Nick Rivers: Oh, really?
Hillary Flammond: But he was one of the lucky ones. He managed to escape in a balloon during the Jimmy Carter presidency.


24 posted on 05/17/2012 7:38:45 AM PDT by dfwgator
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To: July4

“I wake up in the night with my heart pounding: “Is this Germany in the 1930’s? Should I stand and fight, or take my family and get the hell out?””

There was only one right answer for the family in the 1930’s, though it doubtless would have entailed considerable hardship as well.

If the US didn’t reach the point of no return in 2008, an obama win in 2012 would be the tipping point for certain. Fiscally, the point of no return was reached in 2009/2010.


25 posted on 05/17/2012 7:50:28 AM PDT by WoofDog123
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To: July4
Should I stand and fight, or take my family and get the hell out?”

Do both. Have a list of your local varmints....when the balloon goes up and you see the critters dropping like flies, add to the carnage by crossing of those on your list.....think locally, act globally.

Also....look at cheap real estate OCONUS and keep your passports up to date, get passport cards (only work on CONUS borders), and try to buy foreign currencies on the dips.

Even though the Euro may collapse, I have a few hundred Euros, Mexican pesos, etc. I'm thinking of getting more New Zealand and Phillipines currency, but am buying gold and silver on the dips. Its obvious to say that you should have a ready bag, self-defense firearms and ammo. (BLOAT).

Good luck, and stay prepared.

26 posted on 05/17/2012 7:57:48 AM PDT by DCBryan1 (In the post-Zimmerman world, it may become prudent to carry a drop weapon if you CCW.)
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To: DCBryan1

the major worry to me is that DHS appears to be actively planning towards that scenario as well. I can only imagine what types of lists and detainment/action plans they have for such a scenario. Pogroms are a great way to quell dissent in a transition period.


27 posted on 05/17/2012 8:04:50 AM PDT by WoofDog123
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To: HiTech RedNeck

please review your statement... it may have been accurate 10 years ago, but no longer

don’t think so? try being a TEA party member and wonder why the current _resident has the IRS searching you out for daring to speak up.

don’t like their tax policies so you leave? then they will bar you from ever coming back to the US (they don’t even bar illegals)

they’re already demanding ex-pat banking information and confiscating their accounts in foreign banks... how long before they demand extradition on such ex-pats?


28 posted on 05/17/2012 8:15:10 AM PDT by sten (fighting tyranny never goes out of style)
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To: C19fan; sickoflibs

smells like Atlas Shrugged


29 posted on 05/17/2012 8:55:39 AM PDT by FreeAtlanta (Liberty and Justice for ALL)
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To: sickoflibs; C19fan; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; ...

Obama’s major successes :

1) Gun sales
2) Gold sales
3) Americans renouncing citizenship

The only reason we hear about this one guy is the impending IPO. GE, Microsoft, and many others are sheltering hundreds of billions offshore.


30 posted on 05/17/2012 9:02:01 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: sten

And you can if you wish complain out loud and call this IRS and its myrmidons bastages in every rag from coast to coast (if you have the patience to write the letters).

Try that in Singapore.


31 posted on 05/17/2012 1:47:23 PM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: HiTech RedNeck

i wouldn’t have to

the taxes in Singapore are 10%

and if i didn’t like it...

I COULD LEAVE WITHOUT HAVING TO CONTINUE PAYING

seriously, you have to check your conservative credentials if you start to think 50+% on WORLDWIDE income, whether or not you continue to live in the US, makes any sense to you


32 posted on 05/17/2012 1:53:17 PM PDT by sten (fighting tyranny never goes out of style)
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To: C19fan

Somehow I’m just not thinking the Brazilian living in Singapore with a Chinese girlfriend is that concerned.


33 posted on 05/17/2012 1:55:40 PM PDT by discostu (I did it 35 minutes ago)
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To: sten

You are confounding the issues of tax rates and targeted harassment.

Were Singapore to initiate targeted harassment by their own taxation bureau, you couldn’t scream out loud about it. You would as you have yourself admitted only be able to depart.

“A country with only good news in its newspapers has good people in its prisons.”


34 posted on 05/17/2012 1:57:40 PM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: sten

As a P.S. it sounds like you would have your price for sacrificing freedom of speech.


35 posted on 05/17/2012 1:58:56 PM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: MrB

He didn’t actually renounce his citizenship for the taxes. He renounced because of the foreign investment rules. He’s born of Brazilian parents in the US, and now he lives in Singapore. Americans have a lot of paperwork they have to do when they invest in foreign companies, Brazilians don’t, Singapore doesn’t. So he renounced bureaucracy. And gets a nice tax break in the process.


36 posted on 05/17/2012 1:59:40 PM PDT by discostu (I did it 35 minutes ago)
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To: C19fan

Uh, I don’t think he cares about being banned.


37 posted on 05/17/2012 2:45:17 PM PDT by Sequoyah101
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To: HiTech RedNeck

freedom of speech? really??

i’ll make sure to check with A.Breitbart on how that’s ‘tolerated’ in the US...


38 posted on 05/17/2012 2:47:35 PM PDT by sten (fighting tyranny never goes out of style)
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To: C19fan
So the U.S. govt. goes gunning for a smart rich kid soon to be valued at approx. $3.4 billion who moved overseas to avoid hundreds of millions in potential capital gains taxes........

They'd be better off trying to figure out how to keep the kid and his money here.......or how to keep the illegals from crossing the southern border.

39 posted on 05/17/2012 2:52:59 PM PDT by Hot Tabasco (My 6 pack abs are now a full keg......)
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To: Texas Eagle
Where's the obligatory revelation that this greedy bass turd is a huge contributor to Republican candidates?

Greedy? Ya might want to do a google search on him and his family's history before you start throwing out insults........

But I digress, since when has a conservative who favors less taxes and smaller government started being critical of anyone who wishes to protect their hard earned finances?

And when did this rich "greedy basturd" ever make his politics public?

Sounds to me like it's not only the democrats who suffer from class envy.........

40 posted on 05/17/2012 2:58:34 PM PDT by Hot Tabasco (My 6 pack abs are now a full keg......)
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To: sten

A pure paradise compared to the same in Singapore.


41 posted on 05/17/2012 3:52:59 PM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: Hot Tabasco

I’d take the “greedy bass turd” as irony. More power to these entrepreneurs to earn dough in any honest manner, it beats the tar out of the alternative.


42 posted on 05/17/2012 3:55:03 PM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: Hot Tabasco

Also, Facebook only gets revenue from advertisers. It’s hard for me to believe this isn’t another bubble halfway to busting, a nice idea whose actual profitability is self limiting. Anyone here ever buy something because of a Facebook ad? I haven’t. But if the public wants to speculate on it with their own dimes and no taxpayer money is involved, well soldier right on Facebook. I just hope a collapse doesn’t take it off the air, I would kind of miss it.


43 posted on 05/17/2012 4:01:38 PM PDT by HiTech RedNeck (Mitt! You're going to have to try harder than that to be "severely conservative" my friend.)
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To: C19fan

God Bless him!

The DNC is upset about the loss of vote buying money!


44 posted on 05/17/2012 6:34:59 PM PDT by NoLibZone (I trust Sarah Palin, Dick Cheney, Cain, Perry, Bachman : I trust their judgment on 2012 pick.)
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To: HiTech RedNeck
A pure paradise compared to the same in Singapore.

As WIlliam Gibson called it, "Disneyland with the Death Penalty." Incidentally, that article by Gibon got "Wired" magazine banned in Singapore by the "Undesirable Propagation Unit." The way some people think of Singapore as some paradise is truly amazing.

45 posted on 05/21/2012 6:18:55 PM PDT by Bubba Ho-Tep ("More weight!"--Giles Corey)
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