Eduardo Saverin the Los Angeles Times reports has given up his U.S. citizenship and as a result tax experts predict significant tax savings for him. The Times reported that Saverin was “one of 1,780 former Americans who renounced citizenship last year.”
According to the Times Saverin was born in Brazil, came to the U.S. in 1992 and became a U.S. citizen in 1998.
What did Eduardo Saverin give up? At the most he gave up his Fourteenth Amendment citizenship, which diminishes in value as more is discovered about the founding of the United States.
What is a Fourteenth Amendment citizen? “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. “Saverin was naturalized according to legislation limited to the territory owed by or subject to the exclusive legislative power of the United States of America.
What do we learn from this news report? A Fourteenth Amendment natural born or naturalized citizen must be within the United States, the territory owed by or subject to the exclusive legislative power of the United States of America to “be subject to the jurisdiction thereof.”
You don’t have to formally renounce something you don’t have. Find out what’s like to be free by taking my “Basic Course in Law and Government,” so you can later take my “Advanced Tax Course.” To find out about both, contact me at firstname.lastname@example.org
Dr. Eduardo M. Rivera