Legislation to Tax Facebook's Co-Founder Saverin

Legislation to Tax Facebook's Co-Founder Saverin Play

May 18 (Bloomberg) -- Joe Henchman, vice president of legal and state projects at the Tax Foundation, talks about legislation from U.S. Senator Charles Schumer of New York that would impose a 30-percent capital gains tax on people such as Facebook Inc. co-founder Eduardo Saverin unless they show they didn’t renounce their U.S. citizenship to avoid taxes. Henchman speaks with Trish Regan on Bloomberg Television''s "Street Smart." (Source: Bloomberg)

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