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Best Alternative to US Citizenship
- Thread starter tman
- Start date
Quote from DrPepper:
Convert your IRA to a Roth next year and open a self-directed IRA. Trade in your self-directed IRA without using margin (profits earned with margin are taxable) and grow your wealth tax free. Just earn enough money in your taxable account to pay your bills and contribute to your IRA every year. When you retire, all of your Roth distributions will be tax-free. This way, you can still live in the US, but have very low taxes.
This all assumes that our government does not change the Roth IRA rules.
On second thought, better get out while you can.
I know it is possible to trade futures in an IRA. So futures trading with IRAs are taxed?
Domenica + St.KittsQuote from leela:
If you can get a second passport from another country, always register your foreign employment, income and assets using the other passport while leaving aboard. That is what I would do. I am trying to get another passpost that is not too hard to get. Any suggestions?
http://www.henleyglobal.com/citizenship/overview/
Quote from npnotesin:
Dominica citizenship for $75,000 which offers visa free travel to UK etc.
http://www.goccp.com/ENG/second-pas...itizenship_and_Second_Passport.htm#advantages
Little summary..
Quote from Emini Maestro:
My ancestors also came from that region, Prussia and Ukraine to be exact, so we have history in dealing with, and in recognizing, socialism and all it entails. With friends emigrating from Russia in the 90s, we feel qualified to judge how socialism takes over a nation and the signs that make it plain.
Simply, no nation has ever implemented such socialist measures, and then turned back to freedom, without civil war. Bloody civil war. Bumma has three more years with which to sew his seeds of destruction for the USA, but socialism in the states did not begin with him, much less the devaluation of the US dollar. Those seeds go back to 1913.
It remains to be seen if history will be repeated in this land. Since the younger generations have not been taught to heed lessons of generations past, I see no reason why we would turn back to freedom, and I sincerely, but with regret, doubt that Americans today have the guts to do what the American South did 150 years ago, when they rejected the unsolicited tyranny, control and taxation of the Feds, with their lives.
We are not opposed to a move to Israel, as we have family there, as well. It's too crowded and hot for my taste, but freedom is the #1 consideration.
I don't think you'll like Israel. It's very much a socialist country. But, if you're even part Jewish, it's very easy to get a passport and you can't renounce your U.S. citizenship if you don't have another passport.
For me, taxes are not the sole problem with the United States. High taxes and the insistence on taxing its citizens where ever they are is a symptom of tyranny and I'm allergic to tyranny. At one time, this country almost perfectly embodied everything that I believe in (which is pretty much everything in the constitution). Today, it embodies mostly everything I despise. Life, liberty and pursuit of happiness is limited to the political class which has used its law-making powers to turn us into serfs slowly enough that most people don't even realize they're becoming serfs.
The very fact that I'm not free to work here and pay taxes voluntarily and I'll be hunted down where ever I am in the world by U.S. thugs euphemistically known as the IRS, makes me feel like escaping. When a country has to trap its citizens, what does that say about the country?
Quote from adadadog:
expat survey:
http://www.offshore.hsbc.com/1/PA_1_4_S5/content/international/2g_pdfs/expat/expatresults09.pdf
Wow. Cool report. Thanks!!
Every country except the United States and North Korea. Other countries tax based on residency. The U.S. taxes based on citizenship. Thus, if you don't live in France, France doesn't tax you. That's what I mean.
If you're French, you can avoid the 47.5% top marginal tax rate by moving to Singapore where the top marginal tax rate is about 18%.
I don't mind paying taxes. I mind being trapped.
If you're French, you can avoid the 47.5% top marginal tax rate by moving to Singapore where the top marginal tax rate is about 18%.
I don't mind paying taxes. I mind being trapped.
Quote from Angrycat:
Every country except the United States and North Korea. Other countries tax based on residency. The U.S. taxes based on citizenship. Thus, if you don't live in France, France doesn't tax you. That's what I mean.
If you're French, you can avoid the 47.5% top marginal tax rate by moving to Singapore where the top marginal tax rate is about 18%.
I don't mind paying taxes. I mind being trapped.
That is not a "voluntary" tax. It is like two states that have an agreement not to tax the other's residents if they work in your state. You still will pay tax where you live.
And I suspect this whole live in another country - everyone but USA and NK so you don't have to pay their tax is way oversimplified.
Quote from TraderZones:
That is not a "voluntary" tax. It is like two states that have an agreement not to tax the other's residents if they work in your state. You still will pay tax where you live.
And I suspect this whole live in another country - everyone but USA and NK so you don't have to pay their tax is way oversimplified.
It's voluntary in the sense that you can choose where you reside.
I don't know how much more complicated you think it is. If I were a German citizen, moved to Singapore and lived more than 6 months of the year there, I would not pay the German tax. Instead, I would pay the tax in Singapore. The United States will go after you even if you don't so much as set foot in the United States for 4 decades. Call it what you want, but it's a sad day when the U.S. government owns your ass no matter where you are.