Billionaire douchebag renounces US citizenship to save 3% on taxes

He still has to pay an exit tax -- on the unrealized capital gains, based on the value of FB stock when he renounces his citizenship. I don't see how that makes him a douchebag or how that is giving "none of that back to the people who made his lottery win possible."

It's actually douchebags like Senator Chuck Schumer, who instantly move to create a new reactionary law to penalize people like Eduardo even more than our laws already do. Keep passing more laws like that and you'll see more and more wealthy leave. Wouldn't it have behooved us to keep Saverin here to spend his money, start other businesses, and invest? To call him a "tax dodger" when he is paying a huge exit tax is despicable and pure politics.

Did those that started Facebook get lucky? Sure. But they also worked for it -- hardly a lottery win. And paying exorbitant taxes to the US government does not equal "giving back". Further, Facebook is a global company and with 900 million users, it's hardly appropriate to say that their success was only made possible because it was started in the US.

Can we stop with the sanctimonious bullshit posts like this now? It's not immoral to choose to have a different citizenship than the American. Get over it!

Flagged.

This could also read "to save 100 million USD on taxes". Given the universal hatred displayed for IRS on the Internets, I'm led to think this is called "envy in distilled form."

If he doesn't live in the USA and is not planning to come back I don't see how it is a "horrendous advice" to renounce his US citizenship.

We should be creating a tax structure where wealth wants to come to the US - not leave it.