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Still Smiling, Eduardo? USA Want To Collect Your $67M In Facebook Taxes Anyway

8 points by kondro 14y ago

thedeuce 14y ago
Finally a common sense move by Washington.
eblackburn 14y ago
Banning wealthy entrepreneurial investors from your country would surely be counter-productive to stimulating growth?
rbanffy 14y ago
That's interesting. Someone who was born in country A and is a citizen of country B and decided to live in country C, no longer wants to be a citizen of B (which would be understandable for a lot of reasons, taxes being only one of many) still has to pay taxes as if he/she were actually using country B's tax-funded services.
- dguaraglia 14y ago
  Even worse: someone who was born in country B and lived his whole life outside of country B, still needs to file taxes and pay social security every year as if he was living in country B. That's my particular case.
  - rbanffy 14y ago
    Well... You may still use their diplomatic services, vote, and freely return to B without first asking for permission. But I agree that you should be billed accordingly to the expenses you actually generate and that the process should be as painless (and cheap for B's government) as possible - something like a fixed amount per citizen that could be waived if you declare you are too poor to pay it. How much does a citizen cost to B's government?
mindcrime 14y ago
On top of that, they want to make it official that people who do avoid paying their taxes by renouncing citizenship are unable from ever re-entering the country again. That is so braindead, it's not even wrong. You'd be hard-put to come up with a worse policy if you were actively trying. Well, Schumer (D-NY) and Casey (D-PA) are mad as hell and they’re not going to take it anymore. They will call Saverin’s $67 million tax “duck” an “outrage” today in their press conference when they detail the rest of the Ex-Patriot act. The "outrage" is these dipshit politicians and their big-spending government and their obsessive desire to steal every cent they can from the rest of us.
herpderp 14y ago
What this law will effectively do is provide a huge incentive for foreigners who earn money in the states never to become US citizens.
gsb 14y ago
The wall is going up one brick at a time...
jag0 14y ago
For reference, according tot his article, he may end up paying WAY more than the 67 million. http://www.economist.com/blogs/democracyinamerica/2012/05/renouncing-citizenship?fsrc=scn/tw/te/bl/dideduardosaverindoanythingwrong http://www.economist.com/blogs/democracyinamerica/2012/05/re...
- rsanchez1 14y ago
  Yeah, seeing how Schumer and Casey are hell-bent on making an example of him, he probably will end up paying WAY more than 67 million. He'll end up paying with his citizenship if they get their way.
jack-r-abbit 14y ago
So... we have rules about who pays what taxes! Oh... you mean you are obeying those rules? Well then... we will change those rules! lame
rbanffy 14y ago
An interesting question is what happens when you renounce citizenship for political reasons (for this exercise, consider someone who fundamentally disagrees with the current employment of military force). Shouldn't this rule, one that effectively punishes such forms of protest, go against the 1st amendment?
- rsanchez1 14y ago
  Good luck getting this government to consider the Constitutionality of any bill (or executive order, for that matter) they pass.
pan69 14y ago
It's nationalism. Very scary. So, the government decides to give tax breaks to the rich. Not much you and I can do about that. It's hard fighting the system, you can camp out in Wall st all you want. So lets single out this one guy and crucify him, make him an example of what we do with expats who don't pay their due.
rsanchez1 14y ago
Singapore is smarter about its tax policy than the US, more so if Schumer and Casey succeed in making their absurd proposal law. How are these people even in the Senate anyway, much less re-elected each term?

8 points by kondro 14y ago

thedeuce 14y ago

Finally a common sense move by Washington.

eblackburn 14y ago

Banning wealthy entrepreneurial investors from your country would surely be counter-productive to stimulating growth?

rbanffy 14y ago

That's interesting. Someone who was born in country A and is a citizen of country B and decided to live in country C, no longer wants to be a citizen of B (which would be understandable for a lot of reasons, taxes being only one of many) still has to pay taxes as if he/she were actually using country B's tax-funded services.

dguaraglia 14y ago
Even worse: someone who was born in country B and lived his whole life outside of country B, still needs to file taxes and pay social security every year as if he was living in country B. That's my particular case.
- rbanffy 14y ago
  Well... You may still use their diplomatic services, vote, and freely return to B without first asking for permission. But I agree that you should be billed accordingly to the expenses you actually generate and that the process should be as painless (and cheap for B's government) as possible - something like a fixed amount per citizen that could be waived if you declare you are too poor to pay it. How much does a citizen cost to B's government?

mindcrime 14y ago

On top of that, they want to make it official that people who do avoid paying their taxes by renouncing citizenship are unable from ever re-entering the country again. That is so braindead, it's not even wrong. You'd be hard-put to come up with a worse policy if you were actively trying. Well, Schumer (D-NY) and Casey (D-PA) are mad as hell and they’re not going to take it anymore. They will call Saverin’s $67 million tax “duck” an “outrage” today in their press conference when they detail the rest of the Ex-Patriot act. The "outrage" is these dipshit politicians and their big-spending government and their obsessive desire to steal every cent they can from the rest of us.

herpderp 14y ago

What this law will effectively do is provide a huge incentive for foreigners who earn money in the states never to become US citizens.

gsb 14y ago

The wall is going up one brick at a time...

jag0 14y ago

For reference, according tot his article, he may end up paying WAY more than the 67 million. http://www.economist.com/blogs/democracyinamerica/2012/05/renouncing-citizenship?fsrc=scn/tw/te/bl/dideduardosaverindoanythingwrong http://www.economist.com/blogs/democracyinamerica/2012/05/re...

rsanchez1 14y ago
Yeah, seeing how Schumer and Casey are hell-bent on making an example of him, he probably will end up paying WAY more than 67 million. He'll end up paying with his citizenship if they get their way.

jack-r-abbit 14y ago

So... we have rules about who pays what taxes! Oh... you mean you are obeying those rules? Well then... we will change those rules! lame

rbanffy 14y ago

An interesting question is what happens when you renounce citizenship for political reasons (for this exercise, consider someone who fundamentally disagrees with the current employment of military force). Shouldn't this rule, one that effectively punishes such forms of protest, go against the 1st amendment?

rsanchez1 14y ago
Good luck getting this government to consider the Constitutionality of any bill (or executive order, for that matter) they pass.

pan69 14y ago

It's nationalism. Very scary. So, the government decides to give tax breaks to the rich. Not much you and I can do about that. It's hard fighting the system, you can camp out in Wall st all you want. So lets single out this one guy and crucify him, make him an example of what we do with expats who don't pay their due.

rsanchez1 14y ago

Singapore is smarter about its tax policy than the US, more so if Schumer and Casey succeed in making their absurd proposal law. How are these people even in the Senate anyway, much less re-elected each term?