Funny, I don't want my tax money wasted on other worthless human beings who don't want to do shit for themselves and would much rather have it spent on the security of my nation and my nations people.
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Senators to Unveil the 'Ex-Patriot Act'
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Funny, I don't want my tax money wasted on other worthless human beings who don't want to do shit for themselves and would much rather have it spent on the security of my nation and my nations people.
sfsuphysics
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You're one $450 fee away from not having any of that matter.
Master_shake_
Fully [H]
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who said any americans tax dollars are going to the us government in the fist place??
it goes to the federal reserve and then it is loaned to the american government
it goes to the federal reserve and then it is loaned to the american government
wabbitseason
[H]ard|Gawd
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Fact.
Funny, I don't want my tax money wasted on other worthless human beings who don't want to do shit for themselves and would much rather have it spent on the security of my nation and my nations people.
Security from what exactly? Those EVIL terrorists who THE UNITED STATES GOVERNMENT created in the first place?
We've been over in the Middle East fucking shit up for decades now...think about it dude, if Russia came to our country and started fucking shit up and did so for years on end would you not hate Russia? Exact same thing thats going on with all these "Terrorists"...they don't hate US they hate OUR GOVERNMENT who has killed their parents, their children, their brothers and sisters, destroyed their homes, destroyed their crops and live stock.
Look at it through THEIR eyes and not how the media and government what you to look at it.
Remember, most of our enemies are ones that we created. How else could we keep expanding and funding our military and all those associated with it (corporations, big oil, etc).
SO AGAIN TO QUOTE MYSELF:
Yeah and you $450 in tax money will go towards killing more innocent good people or bailing out corrupt organizations. None of that matters does it!
SunnyD
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He's didn't leave to dodge the taxes he'll pay on the IPO... he left because Singapore has no capital gains tax and is MUCH more financially friendly to foreign investments, which Saverin has invested in several foreign companies already.
This guy is scummy, and so is the government.
Taxes while excessive as is, is necessary, at least to a certain amount. The government is scum for using taxes for a butt load of useless crap and to fill their own pockets, as well as their buddies. This guy isn't better because he doesn't pay his taxes when he should, and just runs off with it.
There aren't any good people here.
Taxes while excessive as is, is necessary, at least to a certain amount. The government is scum for using taxes for a butt load of useless crap and to fill their own pockets, as well as their buddies. This guy isn't better because he doesn't pay his taxes when he should, and just runs off with it.
There aren't any good people here.
LeninGHOLA
Vladimir Hayt
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Where are you getting that he isn't/didn't pay his taxes?
I'll say it again for those who chose to not listen - he pays $365+ million in exit taxes based on the value of his stock.
Yeah, good idea, those damn children and old retirees are getting away without paying their fair share.
Don't they also publicly whip you if you spit gum out on the street?
Greed has overtaken common sense to do the right things, back when businesses paid taxes and not seek loop holes... example, when employers fraudulently lay off their American workers and then reclassify their job title, same tasks with additional work. The laid off worker has to reapply for their same job at a lower starting wage (up to 50% less). It gets worst for the working class taxpayers; employers receive a new hire tax break on rehires (tempts)!! The government does not record the employers laid off workers vs. new hires or what the laid off worker's income was vs. the re-hire's starting wages (same employee trying to keep their job reapplying for the same work). This is employment fraud!!! There isn't one Federal Judge who will put a stop to this abusive business conduct. Companies are notorious for giving their employees an average cost of living increase only to nullify it by cutting back your work hours or suspending any future wage increases for several years.
Politicians are just as blind when towns and other states give big businesses property tax breaks for 5 to 10 years just to acquire them. That is morally wrong and should be illegal. After these new companies establish themselves in those towns, they end up hiring very few locals vs. relocating their faithfully following employees to the new state's town. It gets worst, after their tax exemption of five or ten years expires, they threaten to move away if the towns or states don't extend their tax exemption. Tax breaks for big businesses needs to be outlaw by every State in the Union. This is the only way to break the No Tax Cycle of big businesses, which are financially hurting states and towns with their perfected method!
Who do you think pays for Fire, Police and Teachers services? American home owners, and with the town officials passing the tax burden onto them with higher property taxes, this will financially hurt everyone. In addition to higher mortgages and the higher property tax on the middle class, one can see why the housing bubble crashed in 2009. And, now those towns are worried about the failing infrastructure? Stop the madness because everyone has to pay taxes!!! Especially, businesses that are seeking property tax breaks from states and towns. If every state agreed to stop this nonsense, the US would be in the best financial economic shape and with the greatest infrastructure for commerce.
Politicians are just as blind when towns and other states give big businesses property tax breaks for 5 to 10 years just to acquire them. That is morally wrong and should be illegal. After these new companies establish themselves in those towns, they end up hiring very few locals vs. relocating their faithfully following employees to the new state's town. It gets worst, after their tax exemption of five or ten years expires, they threaten to move away if the towns or states don't extend their tax exemption. Tax breaks for big businesses needs to be outlaw by every State in the Union. This is the only way to break the No Tax Cycle of big businesses, which are financially hurting states and towns with their perfected method!
Who do you think pays for Fire, Police and Teachers services? American home owners, and with the town officials passing the tax burden onto them with higher property taxes, this will financially hurt everyone. In addition to higher mortgages and the higher property tax on the middle class, one can see why the housing bubble crashed in 2009. And, now those towns are worried about the failing infrastructure? Stop the madness because everyone has to pay taxes!!! Especially, businesses that are seeking property tax breaks from states and towns. If every state agreed to stop this nonsense, the US would be in the best financial economic shape and with the greatest infrastructure for commerce.
sfsuphysics
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Well assuming you could get gum there, it's illegal, they might just throw you in jail. You're thinking of the kid who grafitti'd or something, that was sweet sweet justice.
1) Being a US citizen does not prevent you from investing in other countries
2) He didn't leave to dodge taxes on IPO, he left because Singapore has no capital gains?
He didn't like that animal because it was a dog, so he went to buy another animal which was a basset hound...
More likely than not he left because of the IPO, when he filed way back in September after the idea of facebook going public and that the price would make his shares way more than they currently are (which was very little considering you couldn't publicly trade them) and seeing that when the do finally offer his shares are going to be worth that much more, and if speculation goes apeshit like many are predicting on the first couple days... more so on top of that... so in a nutshell, he's leaving to dodge capital gains taxes... aka taxes on IPO. While yeah he has to pay based upon the value when he left, he's likely to make MUCH more as a result... and hell if that's another couple billion dollars worth of profit tax free, why the fuck not!
And its absolutely disgusting that the government thinks its entitled to that much money. Do you think this guy will ever use 365 million in government services? Its absolutely immoral to steal that kinda of money. And before some of you libs that love to demonize the rich chime in please explain to me in very clear language why you think its fair for ANYBODY to pay such exorbitant sums of money.
LeninGHOLA
Vladimir Hayt
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Hm? I'm a liberal? I didn't know that.
Anyway, he was taxed at a lessor rate than you or I would be.
- People are taxed proportional to their income. If he earned enough money to warrant $365 M in taxes, then that's how much he needs to pay, relatively speaking.
- In America, we have a progressive system of taxation (for the most part). We tax people based on their ability to pay. The same $1 that you give to Bill Gates is far less valuable than the same $1 you give to a beggar.
- Executive compensation in America has exploded over the past 30 years. I'm just curious, why should the guy get $4 B in the first place? Has he really created $4 B in real goods and services, and wealth? Really?
Not to over half the so called "registered electorate" if I can even write that with a straight face.
He helped create a massive company valued at that price so yes he has done something tangible.
Look, i'm not into class warfare but I believe that just because you make more doesn't mean you should pay more. It should be equal across the board. Almost half of Americans do not pay income taxes and that's a problem, a major problem as the number of people paying will shrink if the freeloaders keep multiplying and demanding more money.
LeninGHOLA
Vladimir Hayt
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Pay more proportionally, or do you think everyone should pay a flat $40k a year in taxes? A flat % based tax would probably work OK, but a fixed dollar amount tax rate would definitely destroy the country.
And thats wrong too. It should be a flat tax across the board.
LeninGHOLA
Vladimir Hayt
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I gotcha now. For a minute I thought you were espousing a fixed dollar amount taxation method.
A flat % across the board and EVERYBODY pays. Yes I understand that you have people that just can't pay due to illness, disability, really bad luck, etc. There should be systems in place for this to protect them but not half of the country like we have now.
I'm just another taxpayer (not rich at all) that is tired of government taking without accountability but you know the old saying "The people get the government they deserve". 15.7 trillion in debt and we still vote in the same scumbags. We deserve to go down the crapper and become second to China.
This.
I mean, I don't believe in paying taxes towards money wasters...but this guy has a point! WHY does the government feel that three hundred and sixty five MILLION dollars is anywhere near fair in any way shape or form? The guy could use free health care for life, drive on every highway and road in America, use food stamps and welfare for life and even after ALL that he'd MAYBE use, what, a couple million dollars?
Asking for 365 of them BIG bills in my eyes is straight robbery. Give the government the money then turn around and call the cops cause someone just got jacked!!!
In response to class warfare, here: http://www.motherjones.com/politics/2011/06/speedup-americans-working-harder-charts
In response to half of Americans not paying income taxes, here: http://www.politifact.com/virginia/...antor-says-almost-50-percent-americans-dont-/
In response to the proposal of a flat tax, here: http://www.businessweek.com/magazin...aking-swiss-accounts-less-swiss-10272011.html
Technically, there should't even be a federal income tax....
'Big Brother' government is always trying to take its so called "share".
Here's some food for thought:
Whether it's taken from a large corporation or a middle class family, last time I checked, taking something that does not belong to you is called STEALING!
'Big Brother' government is always trying to take its so called "share".
Here's some food for thought:
Whether it's taken from a large corporation or a middle class family, last time I checked, taking something that does not belong to you is called STEALING!
Whatever you guys, you have a right to your opinion. One thing I've learned after being interested in politics and economics for two years is that people don't change their views to fit the facts, they change the facts to fit their views. Things like cognitive dissonance make it too hard for people to keep an open mind.
So instead, I'm off to listen to Steely Dan - Aja. Take care all. BTW sorry about Ron Paul.
So instead, I'm off to listen to Steely Dan - Aja. Take care all. BTW sorry about Ron Paul.
Betaboy1983
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Retronym
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This is much more important legislation for the senate to focus on then say, you know... a constitutionally required budget.
sortableturnip
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NKDietrich
Supreme [H]ardness
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He is bailing for financial reasons, but it isn't strictly tax related.
US citizenship really restricts what overseas financial institutions will do business with you. The US has all kinds of laws that require international organizations to send them information on their US clients. They don't want to deal with the hassle of complying with US law, so they'll refuse to take on American clients.
US citizenship really restricts what overseas financial institutions will do business with you. The US has all kinds of laws that require international organizations to send them information on their US clients. They don't want to deal with the hassle of complying with US law, so they'll refuse to take on American clients.
blitzkommando
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The US tax system is absolutely disgusting for Americans that live and work overseas like Saverin. The US is one of a few countries that forces its citizens to pay income tax on income not made in the US. And that is just, flatly, bullshit. You have to pay income tax in the nation you are working (which is perfectly logical given you are likely receiving benefits of living there as a legal resident) and then have to pay the US on top because Uncle Sam wants a cut of income that otherwise wouldn't be going to the US. And people are acting all shocked about him (and a growing number of other Americans) who are doing this? The federal tax system is so FUBARed at this point that the entire system needs to be scrapped and rebuilt from scratch, most definitely preferably without an income tax at all given that it's a tax on production, something that only makese sense from the side of the government wanting more out of its citizens' pockets.
The senator is just pissed because this could be the start of a trend. It's not like the guy doesn't have to pay an exit tax and why should he stay? It's not like he owes the government anything. He is obviously a smart/lucky guy with means who, shocker I know, doesn't buy into the myth of american exceptionalism and is just acting in his best interests.
People on both sides on the aisle act like citizenship is some fabulous and wonderous thing that doesn't come with a gift receipt. F that noise. The government and corporations are not your friends nor are they your mommy and daddy: They are only useful if both the citizen and the government or corporation get something out of the relationship.
/CSB time
I was talking with some recent college grads at the college where I work and they were all full of hope and optimism as they tend to be when one of them parroted the line, "Be the change you want in the world" I just laughed and said, "I'm way ahead of you, I already have my passport stamped and ready to go" I was met with quizzical looks and a distinct lack of comprehension behind those doe-like eyes and then I remembered that I had broken the first rule of comedy: know your audience.
People on both sides on the aisle act like citizenship is some fabulous and wonderous thing that doesn't come with a gift receipt. F that noise. The government and corporations are not your friends nor are they your mommy and daddy: They are only useful if both the citizen and the government or corporation get something out of the relationship.
/CSB time
I was talking with some recent college grads at the college where I work and they were all full of hope and optimism as they tend to be when one of them parroted the line, "Be the change you want in the world" I just laughed and said, "I'm way ahead of you, I already have my passport stamped and ready to go" I was met with quizzical looks and a distinct lack of comprehension behind those doe-like eyes and then I remembered that I had broken the first rule of comedy: know your audience.
applemaggot
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In other news, the other 96% of Facebook shareholders will mostly (I have no idea) actually BE paying taxes on their windfall (when they actually sell). That's a shitload of taxes folks! Yeah USA, USA, USA!
This is just a classic ambulance chasing political ploy. Way to take the bait 6 pages of thread.
This is just a classic ambulance chasing political ploy. Way to take the bait 6 pages of thread.
Iron clad logic there sport.
Give me 4 billion, and I'll be happy to cut a check for 67 million, or 670 million, or 1 billion. I'll have 3 billion left. How will I ever get by...
Retronym
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Iron clad logic there sport.
Give me 4 billion, and I'll be happy to cut a check for 67 million, or 670 million, or 1 billion. I'll have 3 billion left. How will I ever get by...
Except no one "gave him" the money, sport.
Where are you getting that he isn't/didn't pay his taxes?
I'll say it again for those who chose to not listen - he pays $365+ million in exit taxes based on the value of his stock.
Isn't that the point of this? He's isn't going to pay them by skipping out on America? Now that I reread the OP, it's the quote that Steve quoted. What are you confused about?