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Gee, Thanks, Tax Code: Facebook Co-Founder Renouncing U.S. Citizenship Before IPO

mike143 Wrote: May 11, 2012 3:29 PM
I thought all these rich people wanted their taxes raised? Didn't this guy get the memo?

It would take a heck of a lot for me to even consider giving up my citizenship with America -- since it is most certainly The Greatest, Most Exceptional, Freest, and Just Downright Bad*ss Nation on Planet Earth -- but... the prospect of losing millions and millions of my well-earned dollars, might at least have me thinking twice about it. Bloomberg reports:

Eduardo Saverin, the billionaire co- founder of Facebook Inc. (FB), renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce...