Thursday May 17, 2012

Senators to Unveil the 'Ex-Patriot Act'

That Facebook guy that renounced his citizenship to avoid paying taxes on his $4B? Politicians want him banned from the U.S. for life. Yeah, that'll show him! Great use of tax dollars by the way. roll eyes (sarcastic)

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."