Thread: Is There Any Benefit Left To U.S. Citizenship?

By Craig Bannister
May 17, 2012
CNS News

A record number of Americans are renouncing their citizenships. There's even a handy how-to guide online to help you do it.

So, Democrats want to impose one last (30 percent) tax on them for doing it. But, with all the rights and benefits of being here illegally, what’s the incentive for anyone to want to be a taxpayer and citizen?

Today, Senate Democrats are unveiling their Ex-Patriot Act to take one last bite out of people who renounce their citizenships and, thus, become free from the obligation to pay taxes. The measure would impose a 30 percent tax on capital gains of anyone who renounces his citizenship.

But, when you stop to think about it, what’s the advantage of being a citizen these days?

Just look at all the neat stuff illegal aliens can apparently do:

Have a license to legally drive in the U.S., even if they’re convicted of drunk driving
Vote and canvass for votes (just like regular, old non-citizen immigrants)
Get an “unlawful presence waiver” from the Obama administration and work in the U.S.
Win the lottery and keep your winnings
Have the U.S. government be your advocate, and sue the U.S. Senate
Get health care, especially at Obamacare-funded health centers
Get financial aid from the government
And, even become president of the United States

Plus, if you’re not a U.S. citizen, but want to contribute to the government’s coffers, you’re welcome to pay taxes, anyway.

In fact, the IRS is even promoting payment of taxes by illegal aliens as one of the “pathways to citizenship.”

Is There Any Benefit Left To U.S. Citizenship? | CNSNews.com

Is There Any Benefit Left To U.S. Citizenship?

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To really answer this question, you also have to ask "Is there any benefit to living in the United States?"

The two main reasons illegal aliens come here illegally are: #1 Money (quality of life) and #2 Security

Guess what, those are also the same two reasons Americans want to protect the United States from foreign invasion for the simple reason that in every country in history that has been overrun by staggering numbers of illegal aliens BOTH the quality of life and security from general harm have disintegrated into those nations collapsing into anarchy and civil war.

Why should we be naive enough to believe that the United States can defy history, especially as we see the worst of it being repeated every evening on socially-engineered and denying mainstream globalist media?

That's where we are on this.

It's sad that citizenship has become so belittled. Every other country in the world, including Mexico quite strictly, is controlling illegal immigration. We're not enacting it here because we are a "melting pot". Well it's a melting pot of immigrants, and the illegal immigrants are spoiling the soup. They don't care a damn bit about this country. They just want to get paid and send it back home.

Schumer takes aim at Facebook co-founder Eduardo Saverin as he proposes law to tax expats

The two senators, who called his decision "despicable," said Saverin stands to save $67 to $100 million in taxes by renouncing his citizenship.

The senators said the law would apply to all of the approximately 3,000 individuals who have renounced their citizenship in the past 10 years.

nypost.com
Last Updated: 2:04 PM, May 17, 2012

WASHINGTON -- Democratic Sens. Chuck Schumer (N.Y.) and Bob Casey (Pa.) took aim at Facebook co-founder Eduardo Saverin Thursday when they introduced legislation designed to tax expatriates even after they have left the country.

Saverin, who stands to make $4 billion from Facebook's expected IPO on Friday, announced that he had renounced his US citizenship last week. His move is widely believed to be a financial one.

The two senators, who called his decision "despicable," said Saverin stands to save $67 to $100 million in taxes by renouncing his citizenship.

"Senator Casey and I have a status update for him: pay your taxes in full," Schumer said at a press conference on Capitol Hill.

Their so-called "Ex-PATRIOT Act" would impose a mandatory 30 percent tax on American investments for those who renounce their citizenship and would also prohibit individuals like Saverin from re-entering the country.

The law -- which only applies to individuals with a net worth of over $2 million or an average income tax liability of at least $148,000 -- would not apply to non-American investments by former citizens.

Under the proposed legislation, the IRS would decide soon after an individual relinquishes his or her citizenship if the renouncement was motivated by tax avoidance. The individual would then have the opportunity to provide reasons for the renouncement, but there would be a "strong presumption" the move was for tax purposes.

The expatriate would also have the opportunity to re-enter the country if he or she paid all back taxes.

Saverin, who was born in Brazil and became a US citizen in 1998, gave up his citizenship in Sept. 2011 and has taken up residence in Singapore, which has no capital gains tax.

"Mr. Saverin has decided to 'defriend' the United States of America just to avoid paying his taxes," Schumer said, showing his familiarity with Facebook's lingo.

A spokesman for Saverin said his citizenship renouncement had "nothing to do with taxes" and called the legislation a "reaction to perception, not reality."

Schumer scoffed at the denial, saying, "The numbers don't lie."

The senators said the law would apply to all of the approximately 3,000 individuals who have renounced their citizenship in the past 10 years.

Schumer also said the law had nothing to do with class warfare.

"This has nothing to do with [campaign against the richest one percent of Americans]," Schumer said. "Facebook, that's the American way. None of [its other top shareholders] are renouncing their citizenship to avoid paying taxes."




source: Sen. Chuck Schumer proposes law to tax expatriates after Facebook co-founder Eduardo Saverin renounced his US citizenship - NYPOST.com

RELATED ..

Is There Any Benefit Left To U.S. Citizenship?

Originally Posted by iwonde

It's sad that citizenship has become so belittled. Every other country in the world, including Mexico quite strictly, is controlling illegal immigration. We're not enacting it here because we are a "melting pot". Well it's a melting pot of immigrants, and the illegal immigrants are spoiling the soup. They don't care a damn bit about this country. They just want to get paid and send it back home.

------------------------------------------------------------------------

At one time in the not too distant past, U.S. Citizenship was worth more than gold.

Not anymore ..

Schumer takes aim at Facebook co-founder Eduardo Saverin as he proposes law to tax ex

Maybe if our tax code would stop punishing success, we wouldn't have this problem.

I know many more businesses and American citizens renouncing their citizenship and leaving the U.S. because under corrupt union-controlled government and Obama, it no longer is beneficial to be a legal citizen and force Americans to PAY for illegals - you'll see even MORE Americans leave the U.S. to other countries whom RESPECT legal citizenship and are cracking down on illegal immigration.

Sunlen Miller

By Sunlen Miller
@sunlenmiller
Follow on Twitter
May 17, 2012 7:01am
Senators to Unveil the ‘Ex-Patriot Act’ to Respond to Facebook’s Saverin’s Tax ‘Scheme’
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Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again.

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.

The plan would bar individuals like Saverin from ever reentering the United States again.

“Eduardo recently found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time,” Tom Goodman, Saverin’s spokesman, told Bloomberg News in an email.

Last year 1,700 people renounced their U.S. citizenship.




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


Of course with mr. schumer involved all I can think of is one crook against another...

The American Response to Saverin

By NeoAbolitionist – NeoAbolition.com – May 17, 2012

The ideals of freedom and individual sovereignty that America once stood for are nothing more than legends of the past. The discussion of citizenship and immigration, taxation and wealth taking place today serves as further evidence of this.

Read the sentiments found in the comments and opinion articles regarding Facebook co-founder Eduardo Saverin’s renunciation of US citizenship. Within the commentary, one can see that nationalism and socialism, the twin evils of the 20th century, have taken deep root in the minds and culture, not to mention the laws and policies, of the American people of the 21st century.

Allow me to sum up what they are saying: “You owe us… but if you’re not going to pay, get out and never come back!”



American Statists to the runaway slave Saverin

What does Saverin owe “us”? Who the heck is “us”?

The socialists aren’t speaking for you or me as individuals, otherwise they would defend Saverin as an individual with a right to his produce.

Nope, they are speaking for society, the State, and maybe the United States. They want Saverin to repay society and to do his fair share. They want the same out of you, but Saverin is a wealthy target and the right man to make an example of as he escapes their clutches. They want to make what he does so taboo you’ll never even consider such a move yourself

By renouncing citizenship, Saverin is set up to protect about $67M dollars from the tax man this year. The commenters are convinced that the money would be better spent as tax revenue, than by Saverin himself. They believe that the organized crime of taxation funds infrastructure, healthcare and education, when in reality the money only goes to the banks to pay for the interest on the debt that Congress authorizes to pay for everything else.

Instead, Saverin will keep that money and spend it as he sees fit. Just not in the United States. I suspect some Singaporeans will be getting new jobs, while Americans lose jobs they could have had if the tax system in the US had not forced Saverin, and others like him, to flee the North American continent.



Organized Crime

The socialists lay claim to all money, of which Saverin has quite a bit (understatement), and they claim that because Saverin paid for an elite education at Harvard, he owes even more. That’s indentured servitude.

But that is the mentality that has infected America. Even the supposedly anti-socialist Right-wing conservatives extol “paying your fair share” while memorializing the Boston Tea Party and the militant tax resisters of the American Revolution. Nobody in the mainstream, Left or Right, talks about avoiding taxes without, at the very least, calling it selfish. Some even go so far as labeling it treason, a capital crime. They want to physically kill anyone who would resist.

Hand-in-hand with the socialists, the nationalists come goose stepping along. Taxation is a big part of their policy: “Real Capitalists build nations,” another commenter declares.

If you refuse to pay taxes, according to the nationalists, you don’t belong. “Good riddance!”




Hell yeah?

For the nationalists, it’s no longer a matter of whether a person is contributing to the economy and helping others around them to be successful, or whether they adhere to the Constitution and the founding principles. All that matters is that you pay your taxes as a citizen. Paying taxes and waving the American flag are now equivalent rituals one must undergo to prove loyalty.

Being a sovereign individual with the freedom to travel and the freedom to save and spend is now grounds for exile from America.

You owe the State everything that you are and everything that you have. The people who will never benefit from such a policy will clamor to uphold it, like the mob calling for heads to roll.

Can anyone escape such a nightmare? Saverin will try, but he’s merely running to another plantation with its own rules and taxes. Culture must change before anyone can truly escape and that requires recognizing, understanding and combating the Statism that birthed nationalism and socialism, the Statism that seeks to enslave all.



» The American Response to Saverin Neo Abolition



Are we awake yet????