FACEBOOK FOUNDER GIVES UP U.S. CITIZENSHIP TO SAVE $600 MILLION!
Old Salt 2012/05/15 21:43:20
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???
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