Now comes news that Saverin has decided to renounce his U.S. citizenship, most likely to avoid a large long-term tax bill on his winnings in the Facebook IPO. Saverin owns about 4 percent of Facebook stock. By renouncing his citizenship last fall, well in advance of the IPO, Saverin will pay an “exit tax” on his assets as they were valued then. But he’ll pay no tax on income derived from stock sales in the future—that’s because he now lives in Singapore, which has no capital gains tax.
Is this fair? No. It’s worse than that, though. It’s ungrateful and it’s indecent. Saverin’s decision to decamp the U.S. suggests he’s got no idea how much America has helped him out.
—-GREAT MOMENTS IN TROLLING—-
Gawker posted an article titled “What Time Does The Super Bowl Start?” - a perfect way to get page views from all the dummies who type that question into Google…
…and the post doesn’t even say what time the Super Bowl starts. Bravo, Gawker, bravo.
world-shaker:
I’m actually supportive of this idea. I can’t see it taking off at a college, though. Those quarters are for laundry.
The mechanical pencil one basically saved my life in middle school, a.k.a. my forgetful years.
It is hard to estimate how much more it would cost to build iPhones in the United States. However, various academics and manufacturing analysts estimate that because labor is such a small part of technology manufacturing, paying American wages would add up to $65 to each iPhone’s expense. Since Apple’s profits are often hundreds of dollars per phone, building domestically, in theory, would still give the company a healthy reward.
But such calculations are, in many respects, meaningless because building the iPhone in the United States would demand much more than hiring Americans — it would require transforming the national and global economies. Apple executives believe there simply aren’t enough American workers with the skills the company needs or factories with sufficient speed and flexibility.
Here’s my latest Daily Kent Stater column - about remembering small businesses this shopping season.
