Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO

i knew you'd say that... when it is obvious we were talking about money...

and your analogy of house value going up to cover his costs he created is in part why the mortgage crisis happened

also he hasn't lived in the usa for 4 years

edit: ok time to work
 


Were going of topic here.
House was an example. (and house values were manipulated here by the government imo)
Take a pinch of metal, plastic, brain power and you got an iphone (value) A watch works the same way.

Also time to work here. Go make some money for the government bros, millions on welfare depend on you.
 
Rusky said:
Were going of topic here.
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You were the first one who started with bringing in pretty retarded explanations (houses, iPhones LOL) into the whole thing, now you're calling HIM out on going OT?


Well, sir, I consider myself the referee of this argument and you...


LOST.
 
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ricdes said:
You were the first one who started with bringing in pretty retarded explanations (houses, iPhones LOL) into the whole thing, now you're calling HIM out on going OT?


Well, sir, I consider myself the referee of this argument and you...


LOST.
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I had no idea I was in a competition. I never even called him out, we were just chatting I thought.

But you can referee my dick and then suck it, so I can say I LOST some sperm today.
 
guerilla said:
Then how did you come up with the fact that he changed his citizenship to avoid taxes?
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Facebook

Facebook Inc. (FB) co-founder Eduardo Saverin will save at least $67 million in federal income taxes by dropping U.S. citizenship, according to a Bloomberg analysis of the company’s stock price. Those savings will keep growing if Facebook’s shares increase.

...
...
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JarredLv said:
Seeing stuff like this makes me all warm and fuzzy inside.

Edit: And reading some of the comments on that article makes me want to punch kittens.

"Let's see, if his 3.8 billion is taxed at that terrible rate in CA of 46%, then he'd only have.... gee, 2.0B, which as we all know is hardly enough to live on, poor fellow. Definitely reason to leave the country in order to avoid the income taxes, even tho this country provided him with the infrastructure (Harvard, Boston, etc...) to make all that money.

The 1% really doesn't seem to understand that they don't "make" all that money on their own. They make all that money because the infrastructure of the country provides them with the context to do so. That infrastructure is not just physical it is also social. It includes social programs like Medicare, unemployment insurance. Try becoming a billionaire in a country without a well developed infrastructure. Libya, anyone? Not much excessive spending on social services there, low taxes, and no government regulation to speak of at the moment... "


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Bullshit, if Facebook was started from Singapore or Hongkong it would of been the exact same shit.

Your giving the US way to much credit.

In fact, a company such as Facebook is what the US needs and not the other way around.

Libya, really?

Don't talk so much shit when you know nothing about taxes.
 
Secret tip : JarredLv was quoting from the comment section of the article, hence the mention of the word "comments" and usage of quote marks.
 
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"Another development in the ongoing story of how Eduardo Saverin has given up his U.S. citizenship to avoid paying $67 million in taxes related to Facebook’s IPO"


He will make north of 3 billion and he went through all that hassle to save 67 million in taxes?

LOL. I thought it's like 50%. But that fiasco over 67 million, when you've got 50 times more... come on dude...
 
MediaBuysEyez said:
Facebook

Facebook Inc. (FB) co-founder Eduardo Saverin will save at least $67 million in federal income taxes by dropping U.S. citizenship, according to a Bloomberg analysis of the company’s stock price. Those savings will keep growing if Facebook’s shares increase.
Click to expand...

That does not in any way mean he's doing it for that explicit reason. That's just bloomberg being the douchebags that they generally are. There's a difference between motives and consequences.
 
Waddup said:
Bullshit, if Facebook was started from Singapore or Hongkong it would of been the exact same shit.
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But no important social sites have been started in Singapore and Hongkong for the simple reason that both are undemocratic police states that restrict freedom of speech, which makes hosting and managing a UGC site like Facebook from Singapore impossible.

I know you are pissed at your government for taxes and the Patriot Act, but you undermine your argument when you extol these police states as something special, because it looks like you were just pretending when campaigning against SOPA and ACTA. When the same stuff is done by these places abroad you are suddenly a cheerleader for them and the real reason for your animus is that you have something against your govt no matter what they do.
 
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