Facebook Co-Founder Moves to Avoid Taxes: Bad form?


The idea of moving to another country may sound a bit unnerving for many Americans, due to financial reasons – but not for Facebook co-founder Eduardo Saverin.

It was recently released that the Brazilian native offered up his American citizenship in September 2011 and relocated to Singapore in order to avoid paying the United States a reported $67 million in taxes.

Saverin, who teamed up with Mark Zuckerburg at Harvard to create the now social media phenomenon that is Facebook, states that despite his permanent move to another country, he intends to pay taxes on all his earnings as an American citizen. But not everyone is convinced that this is the case.

Is Saverin just another immigrant taking advantage of the system and privileges America has to offer? Shouldn’t he be required to pay dues like other hard-working Americans? Or does being the co-founder of Facebook all of a sudden excuse you from this obligation?

To me, Saverin’s story is the epitome of the American dream. He came to America, pursued set goals (with perhaps a bit of luck), and became insanely successful as a result. So what’s the problem? Oh that’s right, you can’t make any kind of decent money without the U.S. government wanting a piece for themselves. Of course. If there’s one thing guaranteed as a United States citizen, it’s that the government is always ready and willing to take your hard-earned money.

So basically when an American earns insane amounts of money and skips out on their taxes they’re called a politician or an entertainer, but when an immigrant from Brazil does it it’s all of a sudden a disgrace? Of that’s right, immigrants can only make minimum wage at the jobs that Americans are too lazy to do. It’s only when they remain slightly under the radar that it’s permissible for them to be here, I forgot.

This is exactly what’s wrong with this country, plain and simple. Instead of people like Saverin out working hard and making things happen for themselves, you have people, the same ones who are disgusted with Saverin and calling him un-patriotic, sitting around doing nothing and complaining like toddlers before nap-time. It’s quite sad actually.

Do we not remember who founded America or do they not teach that in history classes anymore? Colonists moved to America seeking an escape from oppression renounced their British citizenship. Sound familiar?

Whether we like it or not, our founding fathers are guilty of doing the same thing as Saverin. The only difference is that it happened a couple hundred years ago. Sadly, it seems that all too much has changed, and not for the better.

Before you start hating me for this post, let me just remind you that I’m not the only one to applaud Saverin for his success and decision to move out of the U.S. As recent as last week, radio personality Rush Limbaugh praised Eduardo Saverin for having business savvy on his show.

I guess I’m guilty of trying to save a few extra bucks as well, as I left the state of Maryland and moved to Florida for the same exact reason – to avoid state taxes. I mean, it’s slightly different in the fact that I’m not saving anywhere near $67 million dollars, and  I didn’t have to renounce my citizenship, but if I was a billionaire and could keep some of my hard earned money by doing so, I’d at least think about it.

Besides, I’ve always wanted to live somewhere exotic -perhaps Brazil? Nah, only kidding.

You can leave a response, or trackback from your own site.

2 Responses to “Facebook Co-Founder Moves to Avoid Taxes: Bad form?”

  1. brentsmith says:

    way to call it girl

  2. Fantastic publish, very informative. I’m wondering why the other specialists of this sector don’t notice this. You should proceed your writing. I am sure, you’ve a great readers’ base already!|What’s Going down i’m new to this, I stumbled upon this I have found It positively helpful and it has aided me out loads. I hope to give a contribution & aid other users like its helped me. Good job.

Leave a Reply