I can answer it. The facebook guy is moving to Singapore, where the tax on capital gains is ZERO...
...so he'll pay NO TAX on his capital gains.
In order to compete with that, the US tax on capital gains would have to be ZERO...
...so if he stayed a US citizen, he'd pay NO TAX on his capital gains.
So either way, we get ZERO in taxes from him.
That's Bull shit. I am sure he is giving up other things to Move there, I am sure we could have a lower Cap Gains Tax, Thats still not 0 and he would decide to stay.
In fact I bet you could leave the Damn Cap Gains Tax Alone, and just stop feeding into this Class warfare attitude in the Nation and a Lot of the Fleeing Rich would not flee.
Why the hell should they stay here now? So they can pay some of the Highest Taxes in the ******* World, all the while being demonized in the Press for not doing their Fair Share?
lol Please
Your simplistic Liberal Logic also Fails to understand that even if he lived here and Paid 0 we would benefit more than if he lived there. He would spend his Money in our Economy and Generate Tax Revenue that way.
Again your Childish Simple Minded Class Warfare mind has failed you.