is facebook founder a traitor?

The guy wasn't even from America to begin with ... so he gets rich tapping into our addiction for wasting time on the internet and then leaves. What's the problem? :)

Don't tell me people all get a warm fuzzy feeling that you are helping the greater good of the US when you pay your taxes , "your fair share" :


It helps to fix pot holes and stuff right ? :p
 
Since he renounced his USA citizenship, the CIA amassed over 10,000 pages on every thing he has ever done in his life!!!

Jaywalking: 15,878 times
Internet Trolling: 45,762 times
Bad thoughts: 1,543,345,242 times

This will amount to a fine of over 3 billion dollars.

In 19 years, he will beg to come back.

Why? Well, USA will own every piece of land in the world except the one block he lives on.
 
It shows you that when you tax the shit out of people and threaten to tax them even more, they stop innovating and creating jobs in your country. If they really have a lot of money they leave. Which is what happened to Europe for a generation and a half. And now it is happening to us.

Who the heck are you are any of the other liberals in our govt who think we are entitle to the mans work?

Income tax is theft and every liberal with money from buffet to bono tries to avoid paying income taxes.

They want the govt to take your money but they hide theirs.
We need to go to a vat or tariffs and a govt sized appropriately to those revenues.
 
When you renounce your citizenship, you pay a tax on the value of your entire estate. I am fairly certain the guy will have significant taxes to pay (probably in the hundreds of millions) to exit from the IRS chains.

The good news for the guy is once he pays his exit tax, his future earnings will not be taxed by the US.

As for not living in the US, who cares when you have billions? Shit, I would domicile in Singapore or Bermuda, buy a few luxury homes in places like Paris, Bali, and Fiji, and chill for a few years. Yes, Singapore can be a bore, but it's a great place to start a business when he's ready to start new projects.

Plus, if you miss Mom, Dad, or Aunt Bessie, you can just fly them to Tuscany and spend a week with them in your villa. Also, once you renounce, you can visit the USA just like any other foreign national. No problemo.
 
I don't think it's that simple. He can't stay more than 90 days in the US. Nothing he can do will change that - all the billions in the world can't change that. Ask Marc Rich if that matters. It matters, a lot. A common plebe can go in and out of the US as he pleases but Saverin can't. Let's say he wants to start a new biz in Silicon Valley. Can't do it. Marries a US actress who wants to settle in LA - can't do it. Wants to buy the Miami Heat and hang out with Lebron - can't do it. Wants to escape London when the pound collapses and Singapore when Malaysia invades - can't do it. Wants to spend the winter in Aspen at his "cabin" - can't do it. He's really shot himself in the foot. You haven't heard of any other billionaries doing this because it's colossally stupid. And he's not some guy who knows five languages - he went to high school in Miami. He's as American as you or me - well me at least, not sure about anybody else here at ET.
 
Quote from billyjoerob:

I don't think it's that simple. He can't stay more than 90 days in the US. Nothing he can do will change that - all the billions in the world can't change that. Ask Marc Rich if that matters. It matters, a lot. A common plebe can go in and out of the US as he pleases but Saverin can't. Let's say he wants to start a new biz in Silicon Valley. Can't do it. Marries a US actress who wants to settle in LA - can't do it. Wants to buy the Miami Heat and hang out with Lebron - can't do it. Wants to escape London when the pound collapses and Singapore when Malaysia invades - can't do it. Wants to spend the winter in Aspen at his "cabin" - can't do it. He's really shot himself in the foot. You haven't heard of any other billionaries doing this because it's colossally stupid. And he's not some guy who knows five languages - he went to high school in Miami. He's as American as you or me - well me at least, not sure about anybody else here at ET.
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This.

I would rather pony up that 50% of 2billion than cut of the US as a destination forever.

All that would leave him with is a measly Billion.

That's 1000 million. I think. The horrors!
 
Who are you kidding?
He simply applies for an E2 investor Visa and come come and go as he pleases. Hell he may even qualify for the coveted EB-1 Visa or be made a diplomat of the republic of Singapore and get rewarded with immunity.

The value of permanent residency in the US is not so valuable and in many ways amounts to being an indentured servant to the IRS. Access to reside in the US can be bought under various investment treaties while keeping your assets out of the visibility and hands of our financial surveillance.


Quote from billyjoerob:

I don't think it's that simple. He can't stay more than 90 days in the US. Nothing he can do will change that - all the billions in the world can't change that. Ask Marc Rich if that matters. It matters, a lot. A common plebe can go in and out of the US as he pleases but Saverin can't. Let's say he wants to start a new biz in Silicon Valley. Can't do it. Marries a US actress who wants to settle in LA - can't do it. Wants to buy the Miami Heat and hang out with Lebron - can't do it. Wants to escape London when the pound collapses and Singapore when Malaysia invades - can't do it. Wants to spend the winter in Aspen at his "cabin" - can't do it. He's really shot himself in the foot. You haven't heard of any other billionaries doing this because it's colossally stupid. And he's not some guy who knows five languages - he went to high school in Miami. He's as American as you or me - well me at least, not sure about anybody else here at ET.
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I don't think that's correct.

For one thing he can't avoid taxes.

"Generally, after 4-months a non-resident foreigner would become subject to tax on his/her worldwide income."

Second by renouncing he is renouncing all the rights of citizenship, like residing in the country permanently and as he pleases.

From state.gov:

"A person who wants to renounce U.S. citizenship cannot decide to retain some of the privileges of citizenship, as this would be logically inconsistent with the concept of renunciation."
 
I'm sure the guy has $1000/hour tax attorneys and accountants on retainer advising him. If they concluded that this is the best option, I highly doubt anyone here is going to come up with a legitimate rebuttal to that conclusion.
 
Quote from billyjoerob:

and Singapore when Malaysia invades - can't do it.
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I dont know much about Asian militaries..but sounds like the malaysians are a lot more afraid to be on the receiving end.

List of countries by military expenditures

24 Singapore $7,651,000,000
47 Malaysia $3,259,000,000

http://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures


Author tips military balance Singapore’s way
Haris Hussain and Marhalim Abas

Huxley’s book, which is available at local bookstores, offers a fascinating look at a little-known but effective military organisation.

Among others, it brought up issues that were almost never discussed - including sensitive questions of war plans with Singapore’s neighbours.

Drawing on Israeli and other foreign experts and using only their country’s limited resources, the Singaporeans have moulded a technologically sophisticated and large military that is capable of striking far from the island State.

By the 1990s, Singapore’s Armed Forces (SAF) quantative and qualitative strength over the Malaysia Armed Forces (MAF) became well-entrenched.

In 2000, the potential mobilised strength of the SAF stood at 350,000 personnel.

By comparison, the MAF totalled only about 145,000 personnel, although 105,000 of these were regulars.

The Singapore Army operates some 120 upgraded Centurion main battle tanks and some 350 AMX-13SMI light tanks.

It’s air force has more combat aircraft than Malaysia and Indonesia combined.


DEPUTY Defence Minister Datuk Shafie Apdal, when asked to comment on the assertations by Tim Huxley, said one should not underestimate the capability and resolve of Malaysia and its people.

He said Malaysia subscribed to the Asean policy of good conduct and neighbourly spirit.

"When we buy arms, it is as a deterrent, we are not preparing to go to war with anyone," he said.
 
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