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Thread: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    the rich already pay an exit tax... so there is no need for a new law
    expatriating in order to evade taxes already carries a punishment of banning the person from the country... no need for a new on that either.

    congresscritter should know current law before they go making up redundant laws.
    as it is now, when you renounce your citizenship,and are rich, you are levied a tax on all of your unrealized capital gains... they pretend you sell all of your assets and tax you on the gains ( which is why it's best to leave during a market downturn, as values on assets have fallen)
    you are also susceptible to a 30% withholding tax on income.
    ( of course, you won't be getting all that money you put into SS back... but folks are ok with that too, as expatriates are evil criminals)

    it's very expensive to renounce your citizenship...Uncle Sam makes sure you are punished for leaving the US... and somehow, liberals enjoy the thought of punishing people for leaving this society and striking out in a new one.. 'cuz liberals are all about freedom and self determination and stuff.

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by Morality Games View Post
    I'm going to ignore future posts that phrase their arguments in the form of questions. Either argue your position or don't.



    Why Prosecutors Don't Go After Wall Street : NPR

    Official guidelines of the Justice Department post-2008 are not to prosecute white collar crime very severely because it would obtrude on economic development.




    People who have stakes in the banking, insurance, and financing industries. Specifically rich people.




    You don't have a great deal of choice when the upper-income brackets hold your country's status as an economic superpower hostage.



    The auto-mobile industry is kind of peripheral to this. I'm guessing you're trying to make a point about Obama's relationship to corporations.

    Obama enjoys no special relationship to Wall Street; the Washington system is set up so that you have to play ball with corporations if you want to achieve anything because of the inordinate influence of their lobbying power.

    Obama is certainly less sympathetic to Wall-Street than say, Mitt Romney will be, or George Bush was. But he has no choice when Wall-Street owns Congress.



    ... why else would they renounce their U.S. citizenship besides not wanting to pay taxes? And the spiritual and mental anguish of having to be somewhat higher taxes after enjoying historically low levels at the public expense isn't a very credible excuse.
    Corporations and corporate people have always gotten away with breaking the law...not only dont they vigorously prosecute, they dont even look for any wrongdoing till it falls in their lap...enron..worldcom...bernie madhoff....and all us lesser humans get hammered and are told you break the law you pay the price...unless your rich that is...

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by Fishstyx View Post
    Well, what you propose is called fascism. Why the hell would you want ot put someone in a "penal camp" who used their brain and drive to succeed? Aren't these the type of people we should encourage to stay in this country?
    When their brains and drive are used to fragrantly violate the law, there must be severe consequences. These people shouldn't be encouraged to stay here any more than common criminals, in fact much less so. If they want to live abroad and renounce their citizenship, let them. But first they must pay for their crimes against the state and the proletariat.
    AN AUTHORITARIAN SOCIALIST OPPOSED TO GLOBALISM, ZIONISM, AND FEMINISM, AND IN FAVOR OF SOVEREIGN NATIONS, A PALESTINIAN STATE, AND MEN'S RIGHTS!

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by Graffias View Post
    When their brains and drive are used to fragrantly violate the law, there must be severe consequences. These people shouldn't be encouraged to stay here any more than common criminals, in fact much less so. If they want to live abroad and renounce their citizenship, let them. But first they must pay for their crimes against the state and the proletariat.
    Except there is no crime. What law has been violated? Has the IRS sent an indictment for violation of any of the US tax code? Is that the motivation for him to expatriate?

    Saverin has done absolutely nothing wrong. He made choice which was solely his to make. He's probably paid more in federal taxes that any 100 of the posters on this site combined will pay in a lifetime! Hardly someone who's "sh!tting" on this country as he departed.

    Lastly, he will pay all the taxes obligated at the time of his departure. As stated in this thread, he's required to pay taxes on all his assets at the time expatriation.

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by Graffias View Post
    That was me who said that. I'm not a liberal. In fact, I'm quite opposed to liberalism. Get your facts straight.
    Yet you identify yourself as a socialist...
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    I love the NSA. It's like having a secret fan-base you will never see, but they're there, watching everything you write and it makes me feel all warm and fuzzy inside knowing that I may be some person's only form of unconstitutional entertainment one night.

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by Graffias View Post
    Banishment is not going to change these people. They used the "American dream" to get where they are, and now they want to discard this country like a used piece of toilet paper. Twenty years of hard labor in a penal camp should teach them the proper amount of respect for working people and the lower and middle class citizens of this country.
    The American dream, really, an anti- capitalist anti- democracy socialist talking about the American dream. Don't you want to destroy the American Dream?

    When America is strong the world is calm, When America is weak tyrants and terrorist slaughter the meek. ~ SgtRock

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by Henrin View Post
    Countries are meant to protect the rights and liberties of the people. There is no connection between the individual person and the country as a whole that is worth honorable mention. I use the economy and the market to my favor and when I done with it I can throw it out and call myself done with it. There should be nothing that ties me here or there as I should be free to go where I want whenever I want. That goes for anyone here. If the chance comes to you and you want to leave, leave. It is your right.

    And there is no such thing as the American dream.
    But there seems to be an increasing number of cheap SOB's that think they can take it with them. I hope they choke.

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by Henrin View Post
    Countries are meant to protect the rights and liberties of the people. There is no connection between the individual person and the country as a whole that is worth honorable mention. I use the economy and the market to my favor and when I done with it I can throw it out and call myself done with it. There should be nothing that ties me here or there as I should be free to go where I want whenever I want. That goes for anyone here. If the chance comes to you and you want to leave, leave. It is your right.

    And there is no such thing as the American dream.
    Do you feel the same way about illegal immigration?

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by iguanaman View Post
    But there seems to be an increasing number of cheap SOB's that think they can take it with them. I hope they choke.
    why do you feel their wealth belongs to you?

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by iguanaman View Post
    But there seems to be an increasing number of cheap SOB's that think they can take it with them. I hope they choke.
    Cheap!?!?! Do you have any idea the ballpark of Saverin's tax payment upon doing this? Depending on how the IRS treats his RSUs which they've indicated they're gonna tax it as ordinary income. So at the time he announced this, back in September (funny this is suddenly popping up almost 9 months later) his share was estimated at about $4.6 billion. Not sure what his other holdings are but FB alone, his tax bill is gonna be around just shy of $1.4 billion dollars. Is that not "fair share" enough. What? Should it be 40%....50%. Sh!t, some would have them take it all!

    Friggin sad how some in this country and government view other people's money, which they had nothing to do with earning, as something they're entitled to.

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