National Train Day

15 Comments

1. 

   Brendan Skwire on May 12, 2012 at 9:23 am

   On the first, I’d feel that Mr. Rich Guy there is an unpatriotic piece of shit that doesn’t want to pay his fair share, just like the rest of the Rich Guys out there pulling this crap.  Fuck him and his lifestyle.  With him gone, that’s one less rich person using our roads, airspace, and other public benefits without paying for them.  

   On the second, have fun with Finny!  I’m am positive my brother is out with Elliott today too. Mational Train Day is awesome. Are you guys going to 30th Street station? If you do, there’s an area that overlooks the train yard, he’ll go berzerk.

   • 

     Hurria on May 12, 2012 at 12:47 pm

     Unpatriotic? Patriotism – aka nationalism – is as great a source of evil as organized religion is.

     • 

       BooMan on May 12, 2012 at 1:45 pm

       there’s a difference between chanting “We’re number one” and not being a scofflaw.  

       • 

         Brendan Skwire on May 12, 2012 at 5:33 pm

         what booman said.

   • 

     BooMan on May 12, 2012 at 1:45 pm

     Yeah, we went to 30th Street with Noz and Noz Jr.  

     • 

       Brendan Skwire on May 12, 2012 at 5:32 pm

       awesome, I’ll bet the kiddo has the time of his life.

2. 

   mainsailset on May 12, 2012 at 11:08 am

   I worked on a home once for a family who loved trains and they had designed the home around a miniature train track that ran on tracks that ran throughout the entire house up at about a 7 foot height. In the morning the dad would start up the train to run around blasting its whistle to wake up the kids. Fun family.

3. 

   Stephen1947 on May 12, 2012 at 11:46 am

   You’ll probably be relieved to know that you can stop watching TtTE videos in 2-4 years – unless you bring another little one into your lives…

4. 

   Hurria on May 12, 2012 at 12:56 pm

   Regarding Saverin, so what? He doesn’t live in the U.S. he lives in Singapore. He was born in Brazil. He has a right to be a citizen or not a citizen as he likes.

   • 

     IL JimP on May 12, 2012 at 1:16 pm

     so he can come here, use our resources build a company, make tons of money and when it comes to pay his fair share all he has to say is “well I don’t want to be an American citizen anymore”?

     • 

       The Voice In The Wilderness on May 12, 2012 at 8:55 pm

       I have to pay 26.4% German Dividend Tax on my Volkswagen dividends. So why shouldn’t he pay his Capital gain Tax on his US investment whether he is a citizen or not?

       Living in Singapore is not problem, the IRS could always attach his stock in Facebook. Or extradite him. If the tax bill is too big for his US assets. Threaten Singapore with a ban on imports into the USA. They’ll surrender him, probably with twenty lashes.

5. 

   Oui on May 12, 2012 at 2:13 pm

   .

   Saverin’s Citizenship Renunciation Before Facebook IPO Will Increase, Not Reduce, His Tax Bill

   (Forbes) – The net effect of his citizenship renunciation on his immediate tax bill is to increase it, hugely. For it will, at minimum, start with the idea that he’s just made a $3.5 billion or so profit (adjusted downwards for the difference between the private market value of Facebook last fall and the IPO price) on his Facebook stock which he got originally for minimal amounts of money. At the standard 15% long term capital gains rate that’s near $500 million right there. In the long term, yes, almost certainly a reduction in his tax bills, but at the cost of pushing up his current tax payment.

   Exit tax on the wealthy

   The “Heart” act of 2008 (a bill whose main intent was to increase benefits for veterans and families of deceased military members) included for the first time an “exit tax” on American citizens who renounce their citizenship. The law passed Congress by a unanimous vote.

   Lawmakers attached the exit tax to the HEART act as a revenue enhancer to offset the increased military benefits. We’re not sure how they calculated the effect, but Congress predicted that the exit tax would raise $249 million from 2008 to 2013, and $162 million from 2013 to 2018 (see here for Congress’s yearly details).

   A major intent of the act was to reduce the financial incentive of expatriation for the super-rich. As Senator Edward Kennedy explained when the exit tax was first proposed, “This is defined as the billionaires’ amendment.”

   • Take the Money and Run – The Impact of the HEART Act on the Ultimate Estate Plan: Expatriation to Avoid U.S. Income, Estate and Gift Tax
   • Eduardo Saverin moves to Singapore.

   "But I will not let myself be reduced to silence."

6. 

   The Voice In The Wilderness on May 12, 2012 at 8:56 pm

   Good riddance to him and the rest of the 0.1%

7. 

   GreenCaboose on May 12, 2012 at 8:57 pm

   Trains!

   http://www.greatesthobby.com/

   Most kids phase out of Thomas the Tank Engine by age 8 or so, but for those who remain interested it is a great hobby….

8. 

   Indianadem on May 12, 2012 at 9:39 pm

   My parents used to take us from Indy to NYC for Christmas on the Spirit Of St. Louis. Been in love with train travel ever since.