How to Protect Your Income from Taxation?

Quote from TraDaToR:

Don't forget the cost of living.

Switzerland and Monaco are just great places to live with a lot to do but check out the real estate prices for example. One of my best friends lives in one of the crappiest studio in Geneva. I wouldn't stay there more than a month. 1800 CHF/per month. Last week, I joined him and an other friend at a regular restaurant. 170 CHF for 2 people...

If you want to really laugh( or perhaps not), check out the square foot price in Monaco.

:eek:
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NYC prices.
 
Many of the comments are steering towards personal opinions of what place they like or don't like. Or the cost of living.

However, personal opinion and cost have little to do with taxable income and free society. You may not like the food, the cost, or the customs - but that doesn't make it worse or better, beyond a personal taste.

However, wealth brings choices. A friend living in a small crappy appartment in Geneva that can't afford lunch, would give a bad impression on the quality of life for a person with "relative" little money. On the contrary, visit someone living in a 10,000 villa in the Alps with servants and of course you opinions change very quickly.

It is hard to be objective if you measure base on what YOU can afford.

It seems that more and more people find it hard to be "objective". In politics and the media - everything is turning into ideological drivel based on their moral vision and bias opinions.

Maybe one day we could get a politician or news with out the Op-Ed rhetoric. It's unfortunate the internet has become the incubator for rhetoric and ideologues.

We all have opinions (me included) and they all stink (mine included).
 
Quote from Marsupilami:

If your yearly income is in the seven figure range, it doesn't really matter whether a Wiener Schnitzel costs 100 CHF or whether property is expensive. It's all about percentages, i.e. taxes, then.

Still, I wouldn't want to waste my time living in Switzerland or Monacco....boring as hell.
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Yeah it totally boring - a F1 race through the streets, one of the world's best rallies, best private concerts, mega yachts, the world's greatest parities, attractive women, gambling, and a host of other boring things.
 
Quote from lionfish42:

Yeah it totally boring - a F1 race through the streets, one of the world's best rallies, best private concerts, mega yachts, the world's greatest parities, attractive women, gambling, and a host of other boring things.
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Well, to each his own. I prefer a different kind of surrounding.
 
Quote from Marsupilami:

Well, to each his own. I prefer a different kind of surrounding.
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Sure - to each their own. However, to call Monaco boring, well - it might not be to one's taste, but I would certainly not call it boring.
 
Quote from Free Thinker:

that just bs. the effective tax rate for us corporations is something like 17%. half of us corporations pay no tax at all.

"According to the Government Accountability Office, in any given year, at least 60% of US corporations surveyed paid no federal income tax liability for 1998 to 2005 (the years studied). That statistic includes corporations of varied sizes.

If the trends in the survey are accurate, nearly one quarter of large US corporations donft pay any federal income tax at least half of the time. Large U.S. corporations are those with at least $250 million in assets or gross annual receipts of at least $50 million."

also this:
¡Revenue from the corporate income tax fell from between 5 and 6 percent of GDP in the early 1950s to 2.1 percent of GDP in 2008
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The US has the highest corporate tax rate in the world. Sorry.
 
So long as we do not have a wealth tax, one of the best ways to reduce taxation is to reduce realized income. This is not relevant to the wage earner, however for many here who i assume are investors it is perhaps the best method.
 
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