Screw the US im jumping ship
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http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html[^] after milking the US retards that will invest 90 billion you would think he would owe them a few tax dollars? nope ill jump ship ..... long live the 1% !
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http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html[^] after milking the US retards that will invest 90 billion you would think he would owe them a few tax dollars? nope ill jump ship ..... long live the 1% !
"That means additional compliance costs for banks and fewer investment options and advisers for all U.S. citizens living abroad, which may depress banks" :( Don't be sad, banks.
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"That means additional compliance costs for banks and fewer investment options and advisers for all U.S. citizens living abroad, which may depress banks" :( Don't be sad, banks.
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http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html[^] after milking the US retards that will invest 90 billion you would think he would owe them a few tax dollars? nope ill jump ship ..... long live the 1% !
I know of someone who did this and lived to regret it; granted there wasn't money involved but it's still a big step to take, pretty irreversible, as far as I'm aware.
"If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." Red Adair. nils illegitimus carborundum me, me, me
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http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html[^] after milking the US retards that will invest 90 billion you would think he would owe them a few tax dollars? nope ill jump ship ..... long live the 1% !
How is it possible that you can pay fewer taxes by renouncing the citizenship in the first place? :confused:
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http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html[^] after milking the US retards that will invest 90 billion you would think he would owe them a few tax dollars? nope ill jump ship ..... long live the 1% !
The douchebag just became a citizen in 1998. Hmm. An interesting thought just occured to me. Facebook is undoubtable going to crash and burn at some point, and take all of Saverin's money with it. Given how traditional Singapore law seems to be, I wonder what they do to deadbeats who don't pay their rent?
Software Zen:
delete this; -
How is it possible that you can pay fewer taxes by renouncing the citizenship in the first place? :confused:
I mean, if I renounce my Mexican citizenship it is more than likely that the SAT (our ISR) will strip me out of my last peso and then drop me in the Pacific Ocean, clothless and probably near a submarine volcano... :)
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The douchebag just became a citizen in 1998. Hmm. An interesting thought just occured to me. Facebook is undoubtable going to crash and burn at some point, and take all of Saverin's money with it. Given how traditional Singapore law seems to be, I wonder what they do to deadbeats who don't pay their rent?
Software Zen:
delete this;Here in LaLa land not paying the bills heavily frowned upon, however with 3+ BILLION he would be most welcome. Singapore is not interested in your politics, just your money! The US has some fairly draconian tax laws for expat workers, I think if the country you are in has low tax (like Singapore) the US then taxes you up to their level, really nasty stuff. I know quite a few who have given the US the flick for this reason.
Never underestimate the power of human stupidity RAH
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I mean, if I renounce my Mexican citizenship it is more than likely that the SAT (our ISR) will strip me out of my last peso and then drop me in the Pacific Ocean, clothless and probably near a submarine volcano... :)
Well, there's the FB douchebags in general, and then there is the 1%. The US is the only country in the world that tries to chase down "citizens" when they never come to the US mainland. The tax laws are so screwed up (that is not the word I'm thinking of...) that even if you try to comply, you just never know. It's gotten so bad that non US banks are starting to refuse to do business with Americans - it's not worth the risk. And this thing about paying your fair share is all bull anyway. I'd much rather have the 1% HIRE me for their startup that they are funding than having to resort to the government for food stamps.
Charlie Gilley You're going to tell me what I want to know, or I'm going to beat you to death in your own house. "Where liberty dwells, there is my country." B. Franklin, 1783 “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” BF, 1759
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Well, there's the FB douchebags in general, and then there is the 1%. The US is the only country in the world that tries to chase down "citizens" when they never come to the US mainland. The tax laws are so screwed up (that is not the word I'm thinking of...) that even if you try to comply, you just never know. It's gotten so bad that non US banks are starting to refuse to do business with Americans - it's not worth the risk. And this thing about paying your fair share is all bull anyway. I'd much rather have the 1% HIRE me for their startup that they are funding than having to resort to the government for food stamps.
Charlie Gilley You're going to tell me what I want to know, or I'm going to beat you to death in your own house. "Where liberty dwells, there is my country." B. Franklin, 1783 “They who can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.” BF, 1759
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How is it possible that you can pay fewer taxes by renouncing the citizenship in the first place? :confused:
I think Mycroft gave a pretty good answer here[^].
Light moves faster than sound. That is why some people appear bright, until you hear them speak. List of common misconceptions
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wasnt the IRS invented in 1913 to pay the interest on the loans to government since the US government no longer makes its own money the privitised it out to the FED reserve (europen banking consortium)
Nope. The IRS was created during the civil war when we first started taxing income. The Federal Reserve is an independent entity withing the federal government not a private institution.
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http://www.bloomberg.com/news/2012-05-11/facebook-co-founder-saverin-gives-up-u-s-citizenship-before-ipo.html[^] after milking the US retards that will invest 90 billion you would think he would owe them a few tax dollars? nope ill jump ship ..... long live the 1% !
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Nope. The IRS was created during the civil war when we first started taxing income. The Federal Reserve is an independent entity withing the federal government not a private institution.
Jeremy Hutchinson wrote:
Nope. The IRS was created during the civil war when we first started taxing income.
wrong the 16th amendment was not done at the time of the civil war
Jeremy Hutchinson wrote:
The Federal Reserve is an independent entity withing the federal government not a private institution.
very wrong, its a private bank, independent of government with no oversight or powers of audit
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Jeremy Hutchinson wrote:
Nope. The IRS was created during the civil war when we first started taxing income.
wrong the 16th amendment was not done at the time of the civil war
Jeremy Hutchinson wrote:
The Federal Reserve is an independent entity withing the federal government not a private institution.
very wrong, its a private bank, independent of government with no oversight or powers of audit
killabyte wrote:
wrong the 16th amendment was not done at the time of the civil war
The 16th amendment didn't create the IRS, it just allowed the the federal government to collect taxes on income and not apportioning it among the states based on the census. Basically the income tax was we know today was unconstitutional before that amendment. For the history of the IRS I'll refer you here[^].
killabyte wrote:
very wrong, its a private bank, independent of government with no oversight or powers of audit
There is no direct oversight (you don't want monetary policy tangled up with politics) by the executive or legislative branches, but it is still a part of the Federal of government. How many private institution have their boards appointed by the President and require approval of the Senate? Also, all proceeds from the operation of the Federal Reserve are returned to the general fund.
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killabyte wrote:
wrong the 16th amendment was not done at the time of the civil war
The 16th amendment didn't create the IRS, it just allowed the the federal government to collect taxes on income and not apportioning it among the states based on the census. Basically the income tax was we know today was unconstitutional before that amendment. For the history of the IRS I'll refer you here[^].
killabyte wrote:
very wrong, its a private bank, independent of government with no oversight or powers of audit
There is no direct oversight (you don't want monetary policy tangled up with politics) by the executive or legislative branches, but it is still a part of the Federal of government. How many private institution have their boards appointed by the President and require approval of the Senate? Also, all proceeds from the operation of the Federal Reserve are returned to the general fund.
Jeremy Hutchinson wrote:
There is no direct oversight (you don't want monetary policy tangled up with politics) by the executive or legislative branches, but it is still a part of the Federal of government. How many private institution have their boards appointed by the President and require approval of the Senate?
Also, all proceeds from the operation of the Federal Reserve are returned to the general fund.I guess we will have to agree to disagree here, in any case it is an unconstitutional entity given article 8