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Facebook co-founder renounces citizenship ahead of IPO


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facebook-co-founder-renounces-citizenship-to-dodge-tax-on-ipo-billionsFOX News:

He was living the American Dream -- and then he abandoned America.

 

Facebook co-founder Eduardo Saverin, who made billions off the world’s most popular social network, stands to rake in about $3.84 billion from his 4 percent share of Facebook, Bloomberg reported.

 

Saverin will have to pay millions in taxes on the money he makes -- so he chose instead to renounce his U.S. citizenship.

 

The Brazilian born Internet entrepreneur’s name turned up on an April 30 list published quarterly by the Internal Revenue Service of people who have chose to expatriate. Tom Goodman, a spokesman for Saverin, told Bloomberg the move was “practical.”Scissors-32x32.png

 

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But isn't he worried about losing his medicare and social security benefits?

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Throw his ass to the wind.

 

Ass-book and Face-butt can be thrown into the maelsrom of the battle of Kursk.

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