The Black Vault

rath wrote:

frrostedman wrote:.Did you hear that Zuckerberg's partner renounced his US citizenship and became a citizen of Singapore (no capital gains taxes there) in order to avoid billions in taxes? The liberal politicians are trying to legislate an act--right this very moment--that retroactively over the last 10 years will punish anyone who ever did such a thing, collect all "due taxes" from them, and ban them from the country for life.

Now you see the light.

I take it you did your typical Google search, Regarding the Rich reducing their tax liability's .

Rath.

In a democracy there are 2 choices for the commoners.

1) The conservatives, libertarians, and tea party members believe in small government, minimal government intervention, free markets, and individual liberty. The result of that, if implemented, is the commoner keeps most of his/her paycheck, but can and will be taken advantage of by private businesses and corporations.

2) The liberals, socialists, and progressives believe in big government, maximum government protection, and safety nets. The result of that, if implemented, is the commoner gives up most of his/her paycheck, but will be provided with help in the form of money and welfare; the government is mammoth-sized with a huge spending budget and a bloated bureaucracy; and the commoner can and will be taken advantage of by the government.

Given the choice, I pick #1 because if a private company demands something I think is unreasonable, I can quit giving them my business, or if I work for them I have the freedom to work for someone else. That's preferred because in case #2, the government can fine me and imprison me if I don't do what they demand.

Either way, the commoner is getting screwed. Pick your poison.

rath wrote:

frrostedman wrote:.Did you hear that Zuckerberg's partner renounced his US citizenship and became a citizen of Singapore (no capital gains taxes there) in order to avoid billions in taxes? The liberal politicians are trying to legislate an act--right this very moment--that retroactively over the last 10 years will punish anyone who ever did such a thing, collect all "due taxes" from them, and ban them from the country for life.

Now you see the light.

I take it you did your typical Google search, Regarding the Rich reducing their tax liability's .

you had the smallest quote area zuckermans partner , and Facebook

cofounder, edwardo saverin was born in brazil . he has only been a USA citizen

for aprox ten years. I read he has paid or will pay an 15% exit tax. ] at time of

renunciation. aprox $ 365 million which can be " deferred almost indef." until

he sells. his interest must be paid at 3. 28 % yearly . but , he will pay.

consider the job creation and social networking implications as well.

chump change when you consider the power to the ' common man ' to harness

the greater social awareness so...we don't get screwed ! it's evolving , roll

w/ it . let's see where it takes us.