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Facebook expatriation taxes times two

Last week at my other tax blog it was all about Facebook, specifically reactions to expatriation and how it will save one new social media billionaire beaucoup taxes.

Bankrate Taxes Blog icon Eduardo Saverin decided last year to give up his adopted U.S. citizenship and moved to Singapore. He says it was for business reasons, but the Facebook co-founder's tax expatriate strategy will save him around $67 billion in taxes.

A lot of people are pounding Saverin for the move. A couple of U.S. senators even drafted a bill to make tax expatriates pay more.

But is Saverin's tax move really any different than what every taxpayer does? From low-paid individuals to giant corporations, we all want to lower our tax bills.

You can check out new posts each Tuesday and Thursday at my Bankrate Taxes Blog. And if you happen to miss them there, you can find a wrap-up here each Saturday.

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