understand he is a citizen of singapore so the tax law of singapore would somehow apply. any idea of what the value to him of renouncing american citizenship although he was born in brazil and became an american citizen in the 1990s. how many dollars this means to him by getting out of dodge in the u.s. take you through the math a little. basically his stake is probably worth about $4 billion because he owns about 4% of the company and so he will still have to pay a form of the capital gains tax, the u.s. doesn t let people that you easily, they can t just renounce citizenship. he has to pay kind of an exit tax. but by renouncing last september the valuation that is put on facebook is done by his own private ant using values from last september and the accountant could say last september it was only worth $60 billion or $70 billion. a lot less than the $100 billion now. this could be worth hundreds of
numbered. socialist challenger said it was not enough to avoid rising debt and double-digit unemployment. the crisis has made life harder but thanks to the efforts of everybody, france has resisted. critics call it tax and spend. today he claimed there is not one responsible european who is not talking about growth. in greece where the economic problems begin, voters are electing a new parliament this weekend and folks are unhappy with both mainstream parties. this has destroyed our dreams. we have no dreams. elsewhere in europe, they will try to form a government to come up with a cut and grow at the same time. there is a political dilemma at the heart of this which is how to get out of mess with the least possible damage. there are local elections in
saying. laura: don t you think that s winning for obama. win the election by saying the rich aren t paying enough when 50% of the country pay no, sir taxes. with have to get serious about tax reform lawyer layer why are you not calling it tax. i m fine in saying we are going to increase top 1%. laura: it s not tax reform. it s not tax reform. raising taxes on the rich which is the oldest trick in the liberal bag of tricks. i mean, that s the only thing you guys have. raise taxes on the rich. what s the plan? here is the other thing. i will be curious to see what obama comes forth when he says. laura: in september. let s also look at the republican stop plan. laura: they have one. 10 pages. font is about 20 point and has lots of cliff bar. it s the same talking points from the 1980s. let s cut the taxes for the wealthy and. laura: that led to economic oil. big oil. laura: that led to unprecedented growth for
saying. laura: don t you think that s winning for obama. win the election by saying the rich aren t paying enough when 50% of the country pay no, sir taxes. with have to get serious about tax reform lawyer layer why are you not calling it tax. i m fine in saying we are going to increase top 1%. laura: it s not tax reform. it s not tax reform. raising taxes on the rich which is the oldest trick in the liberal bag of tricks. i mean, that s the only thing you guys have. raise taxes on the rich. what s the plan? here is the other thing. i will be curious to see what obama comes forth when he says. laura: in september. let s also look at the republican stop plan. laura: they have one. 10 pages. font is about 20 point and has lots of cliff bar. it s the same talking points from the 1980s. let s cut the taxes for the wealthy and. laura: that led to economic oil. big oil. laura: that led to unprecedented growth for
saying. laura: don t you think that s winning for obama. win the election by saying the rich aren t paying enough when 50% of the country pay no, sir taxes. with have to get serious about tax reform lawyer layer why are you not calling it tax. i m fine in saying we are going to increase top 1%. laura: it s not tax reform. it s not tax reform. raising taxes on the rich which is the oldest trick in the liberal bag of tricks. i mean, that s the only thing you guys have. raise taxes on the rich. what s the plan? here is the other thing. i will be curious to see what obama comes forth when he says. laura: in september. let s also look at the republican stop plan. laura: they have one. 10 pages. font is about 20 point and has lots of cliff bar. it s the same talking points from the 1980s. let s cut the taxes for the wealthy and. laura: that led to economic oil. big oil. laura: that led to unprecedented growth for