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FB co-founder renounced US Citizenship b4 IPO

Discussion in 'U.S. Politics' started by dogtowner, May 11, 2012.

  1. dogtowner

    dogtowner Moderator Staff Member

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    like King James (Labron) he makes the smart tax move

    lefties, see how this works ?


     
  2. Cruella

    Cruella Well-Known Member

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    That's just like all the rich people and educated youth in France looking for realestate in England. Once they drive out all their golden geese, then what are they going to do?
     
  3. dogtowner

    dogtowner Moderator Staff Member

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    As Lady Thatcher pointed out, socialism is fine until you run out of other people's money. Going to get ugly is France pretty soon as they already are all but out of it.
     
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  4. Pandora

    Pandora Well-Known Member

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    I am looking forward to seeing how ugly it gets in France
     
  5. dogtowner

    dogtowner Moderator Staff Member

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    they're in recession or within millimeters of it so when the new comrade comes to realize he can't do anything BUT what Kozy was doing all the cheese eating surrender monkeys are going to be burning cars all summer or until LeStalin sends in the army. England will be delighted to take all the money fleeing Le Disastre.
     
  6. GenSeneca

    GenSeneca Well-Known Member

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    They also sip wine... :)

    Anyone know which citizenship he will claim? Leftists like to call themselves 'citizens of the world', I wonder what the tax rates are like.
     
  7. dogtowner

    dogtowner Moderator Staff Member

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    Brazilian but will be paying Singapore rates. He mainly investing there. I gather Brazil does not tax beyond theiir shores. Also Singapore has no capital gains at all. Tjey appreciate the value of not beating up investors.
     
  8. Cruella

    Cruella Well-Known Member

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    With any luck, he'll take our Citizen of the World (Obama) with him to Singapore, after the election.
     
  9. dogtowner

    dogtowner Moderator Staff Member

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    they wouldn't want him, they are at or near the top of free economic counttries.
     
  10. PLC1

    PLC1 Moderator Staff Member

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    He wasn't born in America, and wasn't living in America, so he didn't want to pay taxes to America. That makes sense. Is he really going to save money by declaring citizenship in Singapore? Don't they have taxes there, too?
     
  11. dogtowner

    dogtowner Moderator Staff Member

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    residence, not quite the same and they do not have Cap Gains which is mainly what he gets by way of income. so yeah, quite a lot relative to here.
     
  12. PLC1

    PLC1 Moderator Staff Member

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    so, he saved a bundle of money by declaring citizenship in the nation in which he was living anyway. What should we conclude from that?
     
  13. Pandora

    Pandora Well-Known Member

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    That being an American is not worth the very large price the government is asking?

    Its not that big of a deal, he isnt American first I dont think. People born and raised here that do this would shock me far more.
     
  14. BigRob

    BigRob Well-Known Member

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    He will still have to pay capital gains on this stock to the US government for his holdings. The point of doing it before the IPO is they can manipulate the price to keep the costs dramatically lower.
     
  15. PLC1

    PLC1 Moderator Staff Member

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    It is not at all likely that an American living in the USA would go off to Singapore in order to save a few bucks, especially when he has more money than he could possibly spend in ten lifetimes anyway. So, I agree that this is not a big deal.
     
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