30% tax on all assets above $600,000 includes Cash value of property and bank accounts

Those Fleeing Obama’s America: Prepare to be taxed

By David Rushton —— Bio and Archives--November 28, 2012

American Politics, News | Comments | Back To Full Article

Senator Charles Schumer has recently proposed a new law to tax Americans heavily for leaving the United States. It was in reaction to the news that Eduardo Saverin, co-founder of Facebook, had renounced his American Citizenship and was taking his $2 billion dollars in capital gains with him.

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