Pages

Friday, May 18, 2012

Or, just build a wall and call it East Berlin


It’s called acceleration.
It’s what some people do when the enforcement plans fail. Do more, harder and that will teach the kids / bastards / whoever.

Senators to Unveil the ‘Ex-Patriot Act’ to Respond to Facebook’s Saverin’s Tax ‘Scheme’Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founderEduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again.

In September 2011, Saverin relinquished his U.S. citizenship before the company announced its planned initial public offering of stock, which will debut this week. The move was likely a financial one, as he owns an estimated 4 percent of Facebook and stands to make $4 billion when the company goes public. Saverin would reap the benefit of tax savings by becoming a permanent resident of Singapore, which levies no capital gains taxes.
At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”
The senators will call Saverin’s move an “outrage” and will outline their plan to re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country. Their proposal would also impose a mandatory 30 percent tax on the capital gains of anybody who renounces their U.S. citizenship.
The plan would bar individuals like Saverin from ever reentering the United States again.
Here’s how that works …. if you have an idea that might work, and you have confidence in that idea, and it can be financed, and you know it … YOU LEAVE RIGHT AWAY, before it comes to fruition.
Inventors, engineers, scientists … hello?
HUMAN NATURE cannot be legislated this way.
This situation calls for AMORAL attitudes.
What is practical?
MAKE IT EASIER FOR THEM TO MAKE MONEY, COLLECT LESS REVENUE FROM EACH BUT HAVE MORE SOURCES, MORONS.
This is like a town manager, who upon seeing businesses leaving the town center for the mall area which just falls in a different town, RAISES TAXES ON THOSE LEFT.
That’s the senate, STUPID TOWN MANAGERS

No comments:

Post a Comment