Democratic Senators’ Proposal Targets Facebook Co-Founder Ed Saverin

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.”

What the US Constitution says

snowdog2012 3 years 15 weeks 1 day 14 hours ago

Article I, Section 9, Clause 3

No ex-post facto laws or laws of attainder shall be passed by Congress.

Which means, no retroactive laws, no laws that result in loss of all civil rights

Eduardo Saverin Bill Backed By John Boehner

ecigarettes 3 years 15 weeks 2 days 34 min ago

WASHINGTON -- Eduardo Saverin's decision to renounce his United States citizenship in order to avoid paying taxes on his Facebook stock was "absolutely outrageous," House Speaker John Boehner (R-Ohio) told ABC's George Stephanopolous on "This Week."

Boehner said that his move was "already against the law," likely referring to legislation written in the 1990s by now-Sen. Jack Reed (D-R.I.).

Saverin, a Facebook cofounder, could save tens or hundreds of millions in taxes by ditching his American citizenship. In a statement responding the outcry, Saverin said that it was unfortunate that his personal decision had created "a public debate." But if there is a debate about his behavior, it's decidedly one-sided, with everyone from Boehner to Democratic Sen. Chuck Schumer on the same side, and Saverin and Rush Limbaugh on the other.

Read the rest here:

Chuck "the Schmuck" Schumer

snowdog2012 3 years 15 weeks 2 days 3 hours ago

Chuck "the Schmuck" Schumer is at it again.

This time its Plank 4 of the Communist Manifesto.

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