Would you renounce your U.S. citizenship for $67 million?

[IfItFliesItDies]

Because that's basically what this guy did.

http://www.washingtonpost.com/busin.../17/gIQAtj1SWU_story.html?tid=pm_business_pop

 

[Sugarbug]

Ask me again after the election.

 

[SeventhSon]

For $67 million I could just move to Mexico, then cross back into the country and get all my $hit for free and STILL live here! Yipee!!!!

 

[S&W4ME]

Ask me again after the election.

If the election goes the way I think it will, I may renounce my citizenship for $67

 

[MikeR]

He may possibly save that much (on future potential earnings), but what they are failing to focus on is the tax paid already just for renouncing. He is paying a 30% tax already. Dems are just out to rob him blind because he doesn't want to cowtow to them anymore.

It's just more of the "look over hear at this while we do something you would really be pissed about if it was reported" BS we get from our gov't these days.

 

[Emperor]

There are many others you may not know about.

The Campbell's soup magnate has renounced his citizenship to avoid taxes years ago. There are many other prominent millionaires that own very reputable companies here in the U.S. that have done it too.

The only down side is the protections afforded you right here on U.S. soil. But, most of these renouncers live in the Bahamas; so I guess the Bahamas are the least likely palce to have an insurgency. And if you have the money, you can probably fortify your compound and have the means to leave rapidy if you had to.

$67,000,000 is not enough for me to leave. But I would pay this leech government the one time tax on ALL of it, and be done with them. Wouldn't even put it in a bank to give them a penny more.

 

[USMC-Deano]

Not if I was worth almost $2.5B. I don't like all these dumbass taxes, but I'd rather keep paying them and live in Murrica than stop paying them and live in most any other place.

 

[SGT_Kramer]

No.. I love America screw that guy.

 

[oleheat]

My answer to the question asked in the OP is a flat-out


NO.

 

[Leadfoot]

$67 Million makes alot of the bad things about America disappear...

 

[Metryshooter]

Something tells me that in not too many years anyone who has a pot to pee in will be following suit.

 

[SpeedRacer]

If I was handed $67 million dollars, I'd buy an island and GTFO of here without hesitation. If I was a billionaire, I wouldn't leave to save $67 million in taxes. Two very different things.

 

[flamatrix99]

I'd be gone in no time. There are some shitholes around the world but there are also some really nicer places to live too.

 

[swamper]

If I was handed $67 million dollars, I'd buy an island and GTFO of here without hesitation. If I was a billionaire, I wouldn't leave to save $67 million in taxes. Two very different things.

For 67 million? Yes. Over 67 million in the scope of billions? No.

These two right here. 2.85 billion less 67 million isn't that big of a heartache.

 

[CEHollier]

Ask me again after the election.

My first thoughts too.

 

[Russo]

“The calculations and assumptions are not only erroneous, they also further perpetuate the false impression that tax was the reason behind Eduardo’s decision,” Goodman said, declining to cite specific errors. “His motive had nothing to do with tax and everything to do with his desire to live and work in Singapore.”

for those that didn't read the article..

but to the OP, it's too difficult to answer this question... if someone paid me $67 million US dollars to renounce my citizenship with no strings attached? yes i would.. if i were a billionarie and had to pay $67 million US dollars or renounce my citizenship? no i wouldn't..

 

[Yrdawg]

No b/c I'd probably get deported to the same island as osama and michele.

 

[Golden Dragon]

that is one more reason why I'm not on Facebook!!!!!!!!!!!!

 

[kdick3]

Would you rather the Government force him to stay here so they can grab a portion of his income?

Look at what's going to happen with France. Proposed major tax hike for the wealthy to redistribute to the "working class", why wouldn't they leave? This will be made into a huge issue, the media will crucify him, and before you know it there will be legislation preventing American Citizens from leaving freely however and whenever they choose.

 

[IfItFliesItDies]

Would you rather the Government force him to stay here so they can grab a portion of his income?

Look at what's going to happen with France. Proposed major tax hike for the wealthy to redistribute to the "working class", why wouldn't they leave? This will be made into a huge issue, the media will crucify him, and before you know it there will be legislation preventing American Citizens from leaving freely however and whenever they choose.

Already doing that. It's called the expat tax. http://www.forbes.com/sites/robertwood/2012/05/18/expats-face-steep-exit-tax-courtesy-of-facebook/