In letting go of his U.S. citizenship now, Eduardo Saverin will also be able to avoid paying nearly $600 million in U.S. capital gains taxes when Facebook goes public.
You have until midnight tonight to file your taxes with the IRS. And if you're thinking about deducting a phony business lunch or padding your mileage — you're not alone.
The Senate yesterday rejected the so-called Warren Buffett Rule, a minimum tax on millionaires. It was a mostly party-line vote: Democrats saying "aye," Republicans "nay."
Tax procrastinators, breathe easy. This year's deadline is tomorrow, April 17th. There's extra time because April 15th fell on a Sunday this year, and today is Emancipation Day in the District of Columbia.
Commentator Leah Ingram is facing six years of paying college tuition for her two daughters. She has a suggestion to the government to help middle-class parents like herself.