Page 2 of 6 FirstFirst 1234 ... LastLast
Results 11 to 20 of 51

Thread: Eduardo Saverin Bill Backed By John Boehner

  1. #11
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Eduardo Saverin Bill Backed By John Boehner

    Quote Originally Posted by Hare View Post
    If Saverin's actions were within the realm of legality, he shouldn't be singled out by a piece of knee jerk legislation. Banning an individual from entering the United States over a personal grievance is downright foolish and an abuse of authority in my opinion.
    I agree. Why would he be treated differently than any other non-U.S. citizen?
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

  2. #12
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 09:46 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,351

    Re: Eduardo Saverin Bill Backed By John Boehner

    Quote Originally Posted by Luna Tick View Post
    That's not accurate. Warren Buffet paid 6.9 million dollars in taxes in 2010.

    What Warren Buffett Made (and Paid in Taxes) in 2010 - CBS News

    I am afraid you simply do not understand what is being discussed. Buffett has billions in unrealized gains, that have never been taxed. The taxes he paid is mostly on investment income on other assets he holds.

    It would be great if the American public was at least a little educated in finance as it is so important in the world we live in.

  3. #13
    Sage
    Mycroft's Avatar
    Join Date
    Oct 2011
    Last Seen
    Today @ 09:31 AM
    Gender
    Lean
    Conservative
    Posts
    25,811

    Re: Eduardo Saverin Bill Backed By John Boehner

    Boehner said that the legislation was unnecessary, given the law on the books, but that he would support it nonetheless.

    "If it's necessary, I'd surely support it," Boehner concluded.
    I don't know, but this sure sounds like double talk to me. On the one hand the article says he said the legislation is unnecessary but that he would support it. Then they quote him saying that if it's necessary he'll support it. But he already said it's not necessary. So, what's the deal...will he support it or not?
    Last edited by Mycroft; 05-20-12 at 12:44 PM.
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

  4. #14
    Sage
    jamesrage's Avatar
    Join Date
    Jul 2005
    Location
    A place where common sense exists
    Last Seen
    Yesterday @ 09:23 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    31,067

    Re: Eduardo Saverin Bill Backed By John Boehner

    Quote Originally Posted by Luna Tick View Post
    Looks like this tax evading jerk will get banned from ever coming into the country. Both parties are in support. Good. If he needs to have an in-person meeting with other Facebook people or whatever, they'll have to do it in another country or on board a ship in international waters if this passes.



    Full Story:

    Eduardo Saverin Bill Backed By John Boehner
    If a person wants to be a citizen of another country to pay a cheaper tax rate then so be it.But citizenship is a very serious thing. ONce you renounce it you should never get it back nor should you be allowed back into this country. They should aim this bill at anyone who renounces their citizenship or flees the country regardless if they do it to move to another county in order to pay less taxes(like Eduardo Saverin), because they don't like the president or because they they want to welch on their military contract and flee to Canada.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

  5. #15
    Professor
    Luna Tick's Avatar
    Join Date
    Jan 2010
    Location
    Nebraska
    Last Seen
    04-05-13 @ 05:48 PM
    Gender
    Lean
    Undisclosed
    Posts
    2,148

    Re: Eduardo Saverin Bill Backed By John Boehner

    Quote Originally Posted by washunut View Post
    I am afraid you simply do not understand what is being discussed. Buffett has billions in unrealized gains, that have never been taxed. The taxes he paid is mostly on investment income on other assets he holds.

    It would be great if the American public was at least a little educated in finance as it is so important in the world we live in.
    Nice job talking down to me. I'm not economically illiterate. I've studied economics. I have investments. You made misleading statements about Buffet not paying one dime in taxes. All it took was a quick google to show that this is not true. He has paid taxes. It is possible for wealthy people to protect wealth in trust funds and other shelters. If those laws are unjust, they should be changed, but Buffet shouldn't be singled out for doing something legal. Saverin, on the other hand, has renounced his citizenship. As jamesrage said, if he wants to leave, fine, but then he should lose the benefits of citizenship. As sovereigns of this country, we have the right to decide who gets to come here and who doesn't. We can choose to not let him come back. I think that's a good choice. Boehner and some Democrats apparently do also.

  6. #16
    Sage
    lpast's Avatar
    Join Date
    Mar 2011
    Location
    Fla
    Last Seen
    05-21-16 @ 10:12 PM
    Gender
    Lean
    Independent
    Posts
    13,565

    Re: Eduardo Saverin Bill Backed By John Boehner

    Quote Originally Posted by hazlnut View Post
    If I had Saverin's money, I'd just say "promise?" to Boehner.

    Until china decides to send the military and take him and all his money...lool....who in their right mind wants to go live in communist china...he has no intention of spending the rest of his life there...
    This guy was a citizen elsewhere...became a citizen of the usa made gadzillions now wants to go to china to avoid taxs...hes a whore...and deservies NOTHING...he knows patriotism to nothing and no country hes an opportunist mutt who deserves what he gets...bar him from ever setting a foot on our soil again.

  7. #17
    Professor
    Luna Tick's Avatar
    Join Date
    Jan 2010
    Location
    Nebraska
    Last Seen
    04-05-13 @ 05:48 PM
    Gender
    Lean
    Undisclosed
    Posts
    2,148

    Re: Eduardo Saverin Bill Backed By John Boehner

    Nice to see Saverin getting flak from both the right and the left. Here's some from a left-leaning pundit:

    Cenk slams Facebook co-founder Eduardo Saverin for skipping out on tax bill by renouncing U.S. citizenship - The Young Turks with Cenk Uygur // Current TV

    And, btw, the bill isn't targeting Saverin only. It addresses anyone who renounces citizenship to evade taxes. A vid on it:


  8. #18
    User
    Join Date
    Apr 2011
    Last Seen
    Today @ 01:12 AM
    Gender
    Lean
    Conservative
    Posts
    124
    Didn't Kerry docked his boat in another state to save money in taxes? Pathetic politicians...

  9. #19
    Guru
    ChuckBerry's Avatar
    Join Date
    Sep 2011
    Location
    Lafayette, Louisiana
    Last Seen
    10-28-13 @ 01:24 PM
    Gender
    Lean
    Conservative
    Posts
    3,491

    Re: Eduardo Saverin Bill Backed By John Boehner

    Quote Originally Posted by Hare View Post
    Bar him from ever visiting the United States? Seriously? Hard to believe elected officials are willing to put their name a bill that specifically targets a single individual.
    The Ex-PATRIOT act does not target a specific individual.

    Sens. Chuck Schumer (D-N.Y.) and Bob Casey (D-Pa.) are unveiling the Ex-PATRIOT Act, which stands for "Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy," on Thursday. The bill would force anyone who "expatriates for a substantial tax purpose -- as judged by the Internal Revenue Service" to pay a mandatory 30 percent tax on future capital gains. The ex-citizens would also be turned back at the border if they ever tried to come back. (emphasis added)

    Senators Go After Eduardo Saverin, Facebook Co-Founder, For Dumping U.S. Passport, Avoiding Taxes (UPDATE)
    The morality of abortion is not a religious belief, any more than the morality of slavery, apartheid, rape, larceny, murder or arson is a religious belief. These are norms of the natural law of mankind and can be legislated even in a completely religionless society.

  10. #20
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 09:46 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,351

    Re: Eduardo Saverin Bill Backed By John Boehner

    Quote Originally Posted by Luna Tick View Post
    Nice job talking down to me. I'm not economically illiterate. I've studied economics. I have investments. You made misleading statements about Buffet not paying one dime in taxes. All it took was a quick google to show that this is not true. He has paid taxes. It is possible for wealthy people to protect wealth in trust funds and other shelters. If those laws are unjust, they should be changed, but Buffet shouldn't be singled out for doing something legal. Saverin, on the other hand, has renounced his citizenship. As jamesrage said, if he wants to leave, fine, but then he should lose the benefits of citizenship. As sovereigns of this country, we have the right to decide who gets to come here and who doesn't. We can choose to not let him come back. I think that's a good choice. Boehner and some Democrats apparently do also.
    Sorry if you felt that I was talking down to you. That being said, what you represent what I said shows you are either confused about what I said, or you just don't know the point I was making. I never said Buffett paid no taxes, I said he paid no taxes on his UNREALIZED gains in Berkshire stock he owns. Never said it was illegal either.

    I do want to point out the hypocricy ( as I see it ) in your views. Since it is fine to use tax laws to his benefit ( as it is) why is it bad for someone else to use the code to his/her benefit.

    Perhaps you can send Schumer a note and say that people who avoid billions in taxes through trusts are not allowed to lecture others about paying more in taxes.

    BTW- I do not think that raising taxes is a bad thing, I have for a long time supported getting rid of the carried income rule that allows hedge fund managers to get away with paying long term capital gains rates on what is essentially their income from their jobs. Creating another bracket for people earning over a million dollars would seem like a more appropriate response than the Buffett rule in my view as it would not be so distortive and hurtful to our economy,

Page 2 of 6 FirstFirst 1234 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •