well what did any one expect ....
socialism / communism at it's best ,,,,tax the weathy and we'll alive off them ..
I'd rather work for my wages ......it does instill pride / and work ethics .....something the liberals just dont understand ...
FACEBOOK FOUNDER GIVES UP U.S. CITIZENSHIP TO SAVE $600 MILLION!
Old Salt
2012/05/15 21:43:20
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Eduardo Saverin, 30, joins a growing number of people giving up U.S. citizenship ahead of a possible increase in tax rates for top earners. The Brazilian-born resident of Singapore is one of several people who helped Mark Zuckerberg start Facebook in a Harvard University dormitory and stand to reap billions of dollars after the world’s largest social network holds its IPO.
Facebook plans to raise as much as $11.8 billion through the IPO, the biggest in history for an Internet company. Saverin’s stake is about 4 percent, according to the website whoownsfacebook.com. At the high end of the proposed IPO market capitalization, that would be worth about $3.84 billion. His holdings aren’t listed in Facebook’s regulatory filings.
Will the 99% OWS people along with TAX & SPEND Democrats continue to chase off Liberal Harvard graduates with the highest Taxes on the rich in the world???
Read More: http://www.businessweek.com/news/2012-05-11/facebo...
Top Opinion
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zapped 2012/05/15 22:14:13
http://emergingmoney.com/poli...
I'm not at all against assisting LEGAL Americans; we all need help now and then. But to fund the medical and living expenses of millions we should not be responsible for is just bankrupting us and forcing funds to be taken from others!
I personally have lobbied my representatives to have a strong worker permit program whereby rather than employers and workers being charged for Social Security tax, that money would be ‘re-directed’ into a special fund that would reimburse the cost we taxpayers have in our the cost to cover these people. OS
I didnt mean to sound harsh but I agree with you I don't think we should take care of everyone's medical and living expenses. Because finically we are in a bind.
I see it this way. . . People come here because we offer them assistance. If we take that away, maybe it will help with our debt.
He's not the only one, many liberal billionaires have left America but their money still stays safe elsewhere. New Zealand is another hot spot for those who can afford to leave.
More taxes, fees, tolls, service charges etc are nickel and diming the rest of us to death both middle class and the working poor.
sources in "offshore" bank accounts to be reinvested "offshore" where another industry
could be had to make the "offshore" havens the economies of the future. So, this is just
another small step in the lunacy that possesses us to encourage someone, anyone, everyone to take our money and make themselves rich, while we work harder to have more with which to continue and expand this sort of "economic suicide".
Now, even two wage earners per family is hardly enough to survive. And, we are so very proud of those to whom we have provided "auto elevators" to keep their cars near their bedrooms on the third floor. We are winning, Salty, and soon will have given all we have and indebted ourselves to a degree without hope of ever repaying, and we will win the November election and cement the certainty of our personal bankruptcies.
You are on top of this phenomena, Salty, keep the good news flowing.
Let them only have to pay sales tax when they have to buy things.... lets see how long it take for those who like to tax and spend with the RICH peoples money like to do it when they are teh rich people....
If you fall under the non-resident alien category and the only business you have in the U.S. is in investments (stocks, mutual funds, commodities) within a U.S. dollar-denominated brokerage firm or other agent, you are subject to the following tax guidelines. In terms of capital gains, non-resident aliens are subject to no U.S. capital gains tax, and no money will be withheld by the brokerage firm. This does not mean, however, that you can trade tax free - you will likely need to pay capital gains tax in your country of origin. In terms of dividends, non-resident aliens face a dividend tax rate of 30% on dividends paid out by U.S. companies. However, they are excluded from this tax if the dividends are paid by foreign companies or are interest-related dividends or short-term capital gain dividends. This 30% rate can also be lower depending on the treaty between your home country and the U.S., so it is important that you contact your brokerage firm to verify the rate. If you are a resident alien and hold a green card or satisfy the resident rules (183 days), you are subject to the same tax rules as any U.S. citizen.
For more information, see IRS Publi...
If you fall under the non-resident alien category and the only business you have in the U.S. is in investments (stocks, mutual funds, commodities) within a U.S. dollar-denominated brokerage firm or other agent, you are subject to the following tax guidelines. In terms of capital gains, non-resident aliens are subject to no U.S. capital gains tax, and no money will be withheld by the brokerage firm. This does not mean, however, that you can trade tax free - you will likely need to pay capital gains tax in your country of origin. In terms of dividends, non-resident aliens face a dividend tax rate of 30% on dividends paid out by U.S. companies. However, they are excluded from this tax if the dividends are paid by foreign companies or are interest-related dividends or short-term capital gain dividends. This 30% rate can also be lower depending on the treaty between your home country and the U.S., so it is important that you contact your brokerage firm to verify the rate. If you are a resident alien and hold a green card or satisfy the resident rules (183 days), you are subject to the same tax rules as any U.S. citizen.
For more information, see IRS Publication 519: U.S. Tax Guide For Aliens.
Now if you read this you probably going to say that he will pay his capital gain taxes in Singapore.
http://www.globalpropertyguid...
Notice that Singapore has no Capital gains taxes. As for the dividend tax, first you have to understand what is a dividend.
Dividend :stockholder's share of profit: company profits paid pro rata to stockholders, either in cash or in more shares
So the question is has he or will he see a dividend, well he could not have a dividend since there is no profit per share during this quarter. That is if FaceBook plans on pay a dividend. Now the board of directors have already stated they will not be paying a dividend but retained earnings. I will explain, they will be re-investing any surplus profit back into the company for growth.
Now maybe you understand that he is a liberal whom learn the loop hole, move out of country, renounce his citizenship and became a citizen in a country with 0 capital gains tax.
Just look at California. Corporations leave and Brown says they're billions in debt and have to raise taxes again.
NY, the same. And it means higher taxes for us who stay.