Kim Priestap

Senate Dems Calling for Expatriation Tax

An expatriation tax? Get it in your f*cking head: it’s not your f*cking money, you selfish, greedy little goon!

antigovernmentextremist:

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.

I hate the government. I hate taxes. I hate people who think this is okay.

Gallup: Economic Ratings and Public Satisfaction with Direction of United States Suggest Obama May Be a One-Term Proposition

From Ace of Spades:

His numbers resemble those of George H.W. Bush (the first Bush).

Perhaps the broadest indicator of the public’s mood comes from Gallup’s satisfaction measure, which asks Americans if they are satisfied or dissatisfied with “the way things are going in the United States at this time.” The 24% of Americans currently satisfied is most similar to the 20% recorded in May 1992 during George H.W. Bush’s first and only term. Bush was also the only sitting president of the last four to lose his re-election bid. By contrast, satisfaction was above 35% in May of 1996 and 2004, in advance of Bill Clinton’s and George W. Bush’s re-elections. And it was 48% in September 1984, the closest time period Gallup has to May of Ronald Reagan’s re-election year.

This is even worse, it seems:

The extent of Americans’ concern about the economy — as evident in their top-of-mind mentions of it as the nation’s “most important problem” — is greater today than for any president seeking re-election since Jimmy Carter in 1980. The current 66% mentioning one or more economic concerns is substantially higher than it was in May 2004 or May 1996, and moderately higher than at the same point in 1992 and 1984. Americans’ mentions of the economy did surge in August 1984 to 65% — comparable to where they are today — but fell to 51% by September.