Real Americans ONLY

[Gabfly1]

Quote from marine:

...The US is actually one of the best places to live from a tax and cost of living POV; for now that is.

Then maybe its citizens and residents should take a moment to STFU; for now that is.

 

[makloda]

Quote from marine:

Dude you are crazy to think that the UK is more tax friendly than the US. I am an American living in London and I pay a hell of alot more taxes in the UK then I would in the US and get shit for it!

You are correct about Switzerland, maybe I should move?

The US is actually one of the best places to live from a tax and cost of living POV; for now that is.

Check the UK "non-dom" tax regime. The UK is a tax haven for foreigners with no UK income but who have significant offshore capital gains. It is actually somewhat similar to the Swiss flat tax regime for foreigners to the extent of not allowing any domestically sourced income.

 

[DarthSidious]

This is a futile discussion. The axiom that "bulls make money, bears make money, pigs get slaughtered" hold true everywhere, not just in markets. If any one's financial situation requires him to pay a lot more tax than he would pay elsewhere, so much more that he is contemplating renouncing US citizenship, just hire tax lawyers and accountants instead. You know by Warren Buffet's own admission his secretary pays a double tax rate than he does, right? Like I said "bulls make money, bears make money, pigs get slaughtered".

If you are making too much and are a US citizen, just chill and hire tax pro's to do their work. Without some very special circumstances, people talking about renouncing US citizenship have no clue what they are talking about. Grass is always greaner on the other side - right.

 

[makloda]

Quote from DarthSidious:so much more that he is contemplating renouncing US citizenship, just hire tax lawyers and accountants instead.

What a load of BS. How do the results of lawyers and accountants fiddling around with tax returns stack up against a 0% income/capital gains tax rate in Monaco?

 

[DarthSidious]

Quote from makloda:

What a load of BS. How do the results of lawyers and accountants fiddling around with tax returns stack up against a 0% income/capital gains tax rate in Monaco?

Really? Can you be an US citizen and still take advantage of this wonderful place called Monaco? Some way or other? If not, and if Monaco is so nice and wonderful, why do we have a bunch of HF head honcho's in good ol USA? Earning hundreds of millions as US citizens and paying whatever they are paying? Ah yes - idiots they must be

 

[makloda]

Quote from DarthSidious:Can you be an US citizen and still take advantage of this wonderful place called Monaco?

Did you read the thread at all? We were talking about RENOUNCING one's citizenship.

 

[DarthSidious]

Quote from makloda:

Did you read the thread at all? We were talking about RENOUNCING one's citizenship.

Yes, I did read. And my post wondered about the need to do so. Read my post

 

[bigarrow]

Quote from Standard Oil:

A must watch for all Americans in these tough times.


http://www.youtube.com/watch?v=qM3gEayupNU

What qualifies one as a real American vs. an unreal American?

 

[DarthSidious]

Quote from bigarrow:What qualifies one as a real American vs. an unreal American?

Thanks for asking. I would like to know too

 

[makloda]

Quote from DarthSidious:

Yes, I did read. And my post wondered about the need to do so. Read my post

The "need"? There is no need if you enjoy paying US taxes. Oh wait, if you just employ an army of smart lawyers and accountants you pay zero taxes in the States. How could I forget.