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

didn't go through this whole thread………but anyone who's willing to move to puerto rico can trade tax-free while maintaining their US citizenship.
 
What do you mean "just an obligation " ??? I hate beeing away from my kids,best ROI regarding well beeing - so far ...
Cost of moving overseas increase significantly with a family but ime it beats travelling as a single man hands down ( personal taste definetely and a matter of age as well)

Psychologically, I'm sure they are. I'm single so I wouldn't know. But they're an obligation since they need health care, education, attention which all take time and at the wrong time are a distraction.

Regarding Visas, you're right. Thailand is doing this as of now, making it very hard for the "global citizen" types to stay in the country. But the option of moving every 6 months or so is still very realistic and won't disappear.
 
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

:D
 
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.

well said and of course once a certain level of wealth is attained the accounting can get quite creative.
 
Psychologically, I'm sure they are. I'm single so I wouldn't know. But they're an obligation since they need health care, education, attention which all take time and at the wrong time are a distraction.

Regarding Visas, you're right. Thailand is doing this as of now, making it very hard for the "global citizen" types to stay in the country. But the option of moving every 6 months or so is still very realistic and won't disappear.

Actually for traders its easier eg a trader whose handle escapes me from Elitetrader got visa to stay in France ( American non EU citizen) by only showing $20k in a trading account....
 
Nigeria, Croatia... Thailand.... shmigeria... bribes.. electricity & internet problems..... bad roads... wtf are you discussing if you have Canada as NUMBER 2 on that list??
 
Regarding Visas, you're right. Thailand is doing this as of now, making it very hard for the "global citizen" types to stay in the country.

I didn't reread the thread and you are right that visas situation change and make moving overseas somehow unpredictable, but in a previous post I meant the corporate set ups in high tax countries to pay less taxes are not only costly but also unpredictable and subject to change with little notice (sometimes even with retroactivity ! )
 
I think you should not move if you just do it because of the savings in taxes... but if you like to get to a new, nice place, like to enjoy life and want to top this with some nice tax savings, then I could recommend this:

- Monaco
- Switzerland
- Croatia
- Cyprus
- Thailand
- Costa Rica

These are all countries with pretty good infrastructure, social stability and great climate.

Greetings,
CALLumbus

Cyprus is a banana republic, recently dipped into private bank accounts to bail out the country including that of non citizens. Thailand, military just came back into power and language is impossibly difficult. Costa Rica is good for a visit but do you seriously want to live in a third world country, have you seen the infrastructure there? In Monaco and Switzerland what you save on taxes you will spend on cost of living. Croatia has weak economy ( not diversified), they were exterminating each other in that part of the world not too long ago and the language is impossibly difficult.
 
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