One did exactly that after being fast-track naturalized and took all the money made here out of the country. But it’s nothing new. Multi-national corps do it all the time. Individuals can simply buy citizenship from little low or no tax islands.
Amazing how “wet foot, dry foot” applied only to refugees from “leftist” dictatorships, and those fleeing right wing dictatorships, got sent back. How many “natural born” citizens, as corporations, actually renounced their citizenship by sending all jobs, and profits, overseas to avoid supporting the very nation that gave them all opportunities???
The fair tax eliminates the capital gains, which this man is dodging. He damn sure would be willing, because he would pay NOTHING.http://fairtaxfraud.com/fallout.asp
Eduardo Saverin wasn’t exactly an official refugee although his family resettled in Miami from Brazil because of an alleged kidnap plot 20 years ago. I’m amused your congress is attempting to pass an “Ex-Patriot” Act because of him. “Expatriation Prevention by Abolishing the Tax-Related Incentives for Offshore Tenancy Act”How do you make something illegal afterwards just because you’re miffed it happened?
Fair tax, the guy spends probably 5% of his income on goods, and will only be taxed on what he spent, meanwhile, the lower and middle class will wind up spending everything they make on food, clothes, medicine, ect. It is a massive tax cut on the rich, and a massive tax increase on the poor. Do some reasearch, just because it says “fair” dosn’t mean it ishttp://fairtaxfraud.com/fair.asp
Spyderred almost 12 years ago
One did exactly that after being fast-track naturalized and took all the money made here out of the country. But it’s nothing new. Multi-national corps do it all the time. Individuals can simply buy citizenship from little low or no tax islands.
Dtroutma almost 12 years ago
Amazing how “wet foot, dry foot” applied only to refugees from “leftist” dictatorships, and those fleeing right wing dictatorships, got sent back. How many “natural born” citizens, as corporations, actually renounced their citizenship by sending all jobs, and profits, overseas to avoid supporting the very nation that gave them all opportunities???
Heavy B almost 12 years ago
The fair tax eliminates the capital gains, which this man is dodging. He damn sure would be willing, because he would pay NOTHING.http://fairtaxfraud.com/fallout.asp
OmqR-IV.0 almost 12 years ago
Eduardo Saverin wasn’t exactly an official refugee although his family resettled in Miami from Brazil because of an alleged kidnap plot 20 years ago. I’m amused your congress is attempting to pass an “Ex-Patriot” Act because of him. “Expatriation Prevention by Abolishing the Tax-Related Incentives for Offshore Tenancy Act”How do you make something illegal afterwards just because you’re miffed it happened?
Heavy B almost 12 years ago
Fair tax, the guy spends probably 5% of his income on goods, and will only be taxed on what he spent, meanwhile, the lower and middle class will wind up spending everything they make on food, clothes, medicine, ect. It is a massive tax cut on the rich, and a massive tax increase on the poor. Do some reasearch, just because it says “fair” dosn’t mean it ishttp://fairtaxfraud.com/fair.asp
Dtroutma almost 12 years ago
The “fair tax”, for the middle or lower economic classes, is called “the screw”.