Capital Gains Tax Income Links

Relinquishing U.S. Citizenship

Facebook co-founder Eduardo Saverin caused a stir recently by moving to Singapore and renouncing his U.S. citizenship. In so doing he halved the income tax rate on his future income, from 39.6% in the U.S. to 20% in Singapore. He eliminated tax on his future capital gains ???the U.S. taxes capital gains at 15%, but ...

Sheltering a windfall

Eduardo Saverin moved to Singapore to save himself millions in capital gains tax from the sale of his Facebook shares. In Canada, you just need to move to Alberta, argues Jamie Golombek

Schumer Proposes Tax on People Like Facebook’s Severin

Senator Charles Schumer proposed legislation that would impose a 30 percent capital gains tax on people like Facebook co-founder Eduardo Saverin unless they show they didn’t renounce their U.S. citizenship to avoid taxes.

Two senators want to stop Facebook's Saverin from dodging taxes

Facebook co-founder Eduardo Saverin renounced his U.S. citizenship and is living in Singapore, a country with no capital gains tax. Sens. Charles Schumer and Bob Casey say he's a tax dodger. WASHINGTON — Eduardo Saverin fled Brazil as a boy and lived the American dream by helping found Facebook Inc.

Think Tax-Efficient Investing Matters Now? Just Wait...

Imagine this scenario: the top tax rate on ordinary income, including interest income, rises 25%. The highest marginal rate on long-term capital gains spikes by 60%. The top dividend tax rate nearly triples.