Thursday, May 17, 2012

The color of the sky in their world?

Ever ask yourself what color the sky is in the liberal world? I'd say that it is a cross between green with envy and blood red mad over what they see others having that they can't tax or haven't taxed yet. So what is the democratic response to the Patriot Act? It's the "Ex-Patriots Act" of course.

I wonder, how many of those like Chucky Shumer are in reality long ago ex-patriots. Long ago abandoning any allegiance to this country and opting for the anti American, anti capitalist meme. All you have to do is watch their actions to see where their allegiances fall. . And what of their friends and buddies who regularly skate out and avoid their taxes? Treasury Secretary Tim Geithner comes to mind. Couldn't seem to pay his. Rep. Charlie Rangle comes tomind, another tax avoider. And what about Sen, John Kerry who dodged taxes in his home state by parking his luxury yacht in another state to avoid taxes. Not to mention his wife's wealth and her tax avoiding.

But here we go again, the liberals don't simply want this guy to pay taxes, they want him to pay a punishing level of taxes. Perhaps? Perhaps that is precisely why so many of the wealthy seek to abandon America and take their money elsewhere. They flee to places that are less offended by their wealth and not obsessed with bleeding the rich. You decide.


Senators to Unveil the ‘Ex-Patriot Act’ to Respond to Facebook’s Saverin’s Tax ‘Scheme’

In September 2011, Saverin relinquished his U.S. citizenship before the company announced its planned initial public offering of stock, which will debut this week. The move was likely a financial one, as he owns an estimated 4 percent of Facebook and stands to make $4 billion when the company goes public. Saverin would reap the benefit of tax savings by becoming a permanent resident of Singapore, which levies no capital gains taxes.
At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”
The senators will call Saverin’s move an “outrage” and will outline their plan to re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country. Their proposal would also impose a mandatory 30 percent tax on the capital gains of anybody who renounces their U.S. citizenship.

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