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US government has insatiable appetite for taxes

 Facebook cofounder Eduardo Saverin (speaking at a conference last month in China) stirred controversy after renouncing his US citizenship in favor of more taxfriendly Singapore.

NELSON CHING/BLOOMBERG

Facebook cofounder Eduardo Saverin (speaking at a conference last month in China) stirred controversy after renouncing his US citizenship in favor of more taxfriendly Singapore.

I agree with Jeff Jacoby’s tough stance that supports those who, though able, would not be willing to pay their so-called fair share in taxes (“Tax-avoidance emigration is logical, lawful,” Op-ed, June 3).

Facebook cofounder Eduardo Saverin has every right to renounce his US citizenship and live in Singapore, where he could save hundreds of millions of dollars in taxes. After all, Saverin did not cheat on his taxes, and he broke no laws.

The US government has an insatiable appetite for our tax money, and no matter how much we pay in taxes, it will never be enough. So, why pay taxes to Uncle Sam if you do not have to? This is why many multinational companies find loopholes in US tax laws and beat the system.

Meanwhile, about half of Americans pay no income taxes whatsoever, leaving the other half holding the bag. This is not fair. Most Americans pay taxes only because they are afraid the IRS will put them in prison if they do not.

Costs such as the wars in Iraq and Afghanistan and the multibillion-dollar bailout of Wall Street are what have made America broke. America does not have a tax problem; it has a spending problem.

Scott Wolfe

Worcester