Successful traders: why don't you move to a 0% capital gains tax country?

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pgo1970

I have a question for successful traders in here making >$150k / year.

Why do you stay in the US or other high tax country? Why don't you pack up and go to a 0% capital gains tax country, or set up a corporation abroad in which your capital can grow tax free?

What are your reasons? Not criticizing you, just trying to understand your thought process. I'm sure there are valid reasons.
 
I'm pretty partial to good roads, schools, free public library's parks....working lights, phones, reliable internet. Not to mention the little things like security and affordable excellent medical care.....reasonable food costs oh yes food safety , and many other perks I can't think of that the taxes I've paid over the years have provided.
 
pgo1970 said:
I have a question for successful traders in here making >$150k / year.

Why do you stay in the US or other high tax country? Why don't you pack up and go to a 0% capital gains tax country, or set up a corporation abroad in which your capital can grow tax free?

What are your reasons? Not criticizing you, just trying to understand your thought process. I'm sure there are valid reasons.
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USA is my home. It's where my wife, child and family are. I would never move to another country save taxes. My goal is to one day owe $1M in taxes and have a party when I pay it.

1245
 
pgo1970 said:
I have a question for successful traders in here making >$150k / year.

Why do you stay in the US or other high tax country? Why don't you pack up and go to a 0% capital gains tax country, or set up a corporation abroad in which your capital can grow tax free?

What are your reasons? Not criticizing you, just trying to understand your thought process. I'm sure there are valid reasons.
More...

Its because I'm a Democrat!
 
pgo1970 said:
I have a question for successful traders in here making >$150k / year.

Why do you stay in the US or other high tax country? Why don't you pack up and go to a 0% capital gains tax country, or set up a corporation abroad in which your capital can grow tax free?

What are your reasons? Not criticizing you, just trying to understand your thought process. I'm sure there are valid reasons.
More...

Most traders can structure their entities to pay very little taxes here. And most traders don't have capital gains anyway, they have short term gains. And lastly, there is no such thing as tax free. "everybody owes, every pays".
 
My friends are here. It's that simple. Otherwise, there are a lot of places I'd rather be.

I take advantage of having a Roth. I'm not a day trader-more like a week trader or a month trader. So I make the high-earning trades in there, and hold the boring dividend stocks in the taxable account. Still pay a lot of taxes, though.
 
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