Co-founder of facebook renounces US citizenship
"The co-founder of
Facebook, Eduardo
Saverin, has decided to
renounce his U.S.
citizenship, a move that
could potentially save
Saverin millions of dollars
should the stock value of
Facebook increase when it
goes public today. Two
senators are trying to
create legislation that
would bar Saverin from
every returning to the
United States and that
could tax him hard. The
two senators, Chuck
Schumer, from New York
and Bob Casey, from
Pennsylvania, have
introduced the Ex-PATRIOT
Act. The act stands for
Expatriation Prevention by
Abolishing Tax-Related
Incentives for Offshore
Tenancy. The legislation, if
passed, would require
those who “expatriates for
a substantial tax purpose
— as judged by the
Internal Revenue Serviceâ€
to face a 30 percent
mandatory tax on any
future capital gains.
Anyone who is a former
citizen would also be
barred from the country."
Do you think what he did was right? And what the senators did?
What he did was legal so, I don't think much of it.
Facebook, Eduardo
Saverin, has decided to
renounce his U.S.
citizenship, a move that
could potentially save
Saverin millions of dollars
should the stock value of
Facebook increase when it
goes public today. Two
senators are trying to
create legislation that
would bar Saverin from
every returning to the
United States and that
could tax him hard. The
two senators, Chuck
Schumer, from New York
and Bob Casey, from
Pennsylvania, have
introduced the Ex-PATRIOT
Act. The act stands for
Expatriation Prevention by
Abolishing Tax-Related
Incentives for Offshore
Tenancy. The legislation, if
passed, would require
those who “expatriates for
a substantial tax purpose
— as judged by the
Internal Revenue Serviceâ€
to face a 30 percent
mandatory tax on any
future capital gains.
Anyone who is a former
citizen would also be
barred from the country."
Do you think what he did was right? And what the senators did?
What he did was legal so, I don't think much of it.
Too much left, didn't read.
Eduardo wasn't right in renouncing citizenship for the sole purpose of his personal gain. That is greedy and immature. If a person doesn't want to be a citizen of America, then they don't really need all of the benefits of the country.
Ugh, does my post alignment look weird again?
Kris, I doubt he needs those benefits anyway with the money he has

You get to die in the gutter if you don't have the money to help yourself out.
@GlennGlenn And that one of the reasons why america sucks.
I want live either Germany austria denmark UK ireland norway sweeden
I want live either Germany austria denmark UK ireland norway sweeden
Because the spiders there are so huge they have their own health bars.
and, well... its just not as good as NZ or shrugs - well anywhere else in the world for that matter

@GlennGlenn And that one of the reasons why america sucks.
No, it's your own fault if you end up in a gutter, retard.
No, it's your own fault if you end up in a gutter, retard.