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fact our system ALLOWS writeoffs for many, many things...and many are because of TAXES PAID ELSEWHERE, too include in other countries
like for example we "write-off" a standard deduction...or you can ITEMIZE
I pay nearly 20% of my GROSS in property taxes...yep my little 1500sf 100yr old house on a tiny 60x100 piece of property...the taxes are nearly 12,000 a year..that's 20% of my gross of 60k....and because I do PAY those taxes. I can write it off my federal side...and my big medical bills...another write-off
every write-off a rich guy can take..so acn a poor guy....many of the write-offs a poor person CAn take, the rich guy cant (the child credit, medical credit, education credit, and retiremenmt credit all phase out at 180k
but liberals only want to find their boogyman..the evil rich guy, so the can DISCRIMINATE against him and get more taxes for the takers
It's gone over your head. You must think I'm arguing tax loopholes are illegal.
From the OP link...count how many years from 1998 to now...
He was a citizen for 14 years, not his entire life.
"Saverin moved to the U.S. in 1992, and became a citizen in 1998,.."
Still he went to arguably the best school in the country, which happens to be the oldest and one of the most prestigious in the world. No America= No Harvard= No meeting Mark Zuckerberg= Not a billionaire at age 30.
I hope he paid his fair share before he renounced his citizenship. Honestly it reeks of greed but alas this is how liberals conduct themselves. They want to be socialist with other's people money just not their own.
Also this highlights one of the differences between America's rich and the foreign rich. The foreign rich really don't care about the poorer classes, philanthropy outside of the Anglo and Jewish world is almost nonexistent.
He has lived in Singapore for the last three years, so who cares, and he was not born and raises in US. He used the country to his advantage, and then he ditched the country. He is a free man to do what he pleases. Yes, it is obvious he is doing it to evade paying taxes to US, the country where he got his education and where he made his wealth, and the country which provided him the safety he lacked in his naive Brazil. It's his choise.
Why people call him 'liberal' or 'right wing' is beyond me. He is just another lost soul who idolizes his wealth.
Last edited by Finn_Jarber; 05-12-2012 at 06:26 PM..
“Every time you think about this toughness on the border and ID cards and REAL IDs, think it’s a penalty against the American people too. I think this fence business is designed and may well be used against us and keep us in. In economic turmoil, the people want to leave with their capital and there’s capital controls and there’s people controls. Every time you think about the fence, think about the fences being used against us, keeping us in.” Ron Paul: Border fence could be used to ‘keep us in’*|*Raw Replay and at the end of this vid he talks of economic turmoil people wanting to leave. Was was RP thinking.... Hmmmm...
ungrateful dude, he's showing no loyalty to the country that gave him a start.
the famous words of Mr Kenny Rogers..... You got to know when to hold 'em, know when to fold 'em, Know when to walk away and know when to run.
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