Mr. Saverin, a Brazilian-born immigrant to the United States, now lives in Singapore, which has no capital gains tax. He renounced his United States citizenship in September. With that act of antipatriotism, Mr. Saverin stands to avoid at least $67 million in United States taxes.
“Mr. Saverin has decided to ‘defriend’ the United States of America just to avoid paying his taxes. We aren’t going to let him get away with it so easily,” Mr. Schumer said. “It’s infuriating to see someone sell out the country that welcomed him and kept him safe, educated him and helped him become a billionaire.”Read more »
Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come back to the U.S. again.Read more »
Are you really free if you're not free to leave? Weary of the decline of liberty, ever-growing bureaucracy, and repeated tax-grabs by greedy politicians, one American citizen submitted the legal paperwork to relinquish his US citizenship. His answer came back: Application DENIED. And now we know, we're all just cattle on the government's farm.Read more »
Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards. That's a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It's also almost eight times more than the number of citizens who renounced in 2008, and more than the total for 2007, 2008 and 2009 combined.Read more »
For decades, the two-island nation of St. Kitts and Nevis exported sugarcane to keep its economy afloat. When sugar prices fell, St. Kitts began to sell an even sweeter commodity: its citizenship. For $250,000, a foreigner can buy full rights as a citizen there. The transaction can take as few as three months and applicants need never visit the nation's sandy shores.Read more »
This is the Jesus family that live down the street from me in Enoch, Utah. I also go to church with them. Ray Jesus, the father of five beautiful children was taken to Purgatory (Washington County Jail) for deportation. He was taken from his home last week while cooking dinner for his family. Kacie has not had permission to see him yet. I.C.E. would not even let his seven-year-old autistic son James give him a hug. They yelled at Kacie too.Read more »
INDIANAPOLIS -- Pendleton police have seized a license plate of a so-called "sovereign citizen," a growing group of Indiana residents who claim to be outside the law.
Police said the plate was going to be placed on a vehicle by a self-proclaimed diplomat in lieu of a state-issued plate.Read more »
In testimony before the House Intelligence Committee today, National Intelligence Director Dennis Blair told representatives that American citizens can be assassinated by the US government when they are oveseas.Read more »
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