citizenship for sale....
http://www.bloomberg.com/video/citi...a-second-passport-LJzmIRSwQ9Olz92va6rJxA.html
http://www.bloomberg.com/video/citi...a-second-passport-LJzmIRSwQ9Olz92va6rJxA.html
Successful traders: why don't you move to a 0% capital gains tax country?
- Thread starter pgo1970
- Start date
elitetrader15
Guest
cause only 1% are successful traders.
as for taxes.
people are paying 20% tax to have the privillege to be living in a free country where your assets won't be confiscated or kidnapped like cayman islands.
most succesful traders have families. it'ts for the family why don't move.
as for taxes.
people are paying 20% tax to have the privillege to be living in a free country where your assets won't be confiscated or kidnapped like cayman islands.
most succesful traders have families. it'ts for the family why don't move.
elitetrader15
Guest
income taxe is zero percent in cayman island but it has nothing and is island. who the hell wants to live in an island ,and you need to renounce your citizenship.. people pay big bucks to get US citizenship.
elitetrader15
Guest
they are okay with pay 20% tax. cause 0% tax is fraud. three is a reason some island ony has 0% income tax. you get nothing from the gov't there, you better have you own security guard .and no public schools.
elitetrader15
Guest
those islands iwth 0% income tax , you have to live in some gated community. like a prison. the rest of the country is wild west. and
elitetrader15
Guest
it's not worth it if you tax owing isn't that big..many large investments move though cause 10% saving is like 10 million.
I hope folks know the rule.. IRS.. if you are a US citizen and live abroad.. after 365 days or 183. days or some # you become an expat.. so u dont have to pay taxes on the first 90K of your WORLD WIDE income..
http://www.irs.gov/Individuals/Inte...oreign-Earned-Income-Exclusion---Requirements
so if u r in this boat, u dont really need to renounce your citizenship.
in Costa rica. as per fair calculations, if you can blend in ..one can live like a king in 2-3K a month..( with part time maid/gardener,cook) etc.
sometimes have too much money is a headache. ha ha. go figure..
http://www.irs.gov/Individuals/Inte...oreign-Earned-Income-Exclusion---Requirements
so if u r in this boat, u dont really need to renounce your citizenship.
in Costa rica. as per fair calculations, if you can blend in ..one can live like a king in 2-3K a month..( with part time maid/gardener,cook) etc.
sometimes have too much money is a headache. ha ha. go figure..
elitetrader15
Guest
for hedge fund sand mutual funds large they move offshore and pay litttle captial gains taxes. for individual traders or investors it's too small to bother.
Some of your points are valid to the discussion but why the need to post in a spamming mode ?
As of public schools, well, do you know many succesful traders/business people who send their kids to the public school ? They are definetely a minority.
Which reminds me of a beloved island where I understood it is possible to trade tax free, at least for a while :
Spitzbergen
Ironically one issue is there are ONLY public schools there.
Another issue is outside the snowmobile season it must be quite boring , and Missus would prolly divorce me if I was serious about living full time in Svalbard
Some of your points are valid to the discussion but why the need to post in a spamming mode ?
As of public schools, well, do you know many succesful traders/business people who send their kids to the public school ? They are definetely a minority.
Which reminds me of a beloved island where I understood it is possible to trade tax free, at least for a while :
Spitzbergen
Ironically one issue is there are ONLY public schools there.
Another issue is outside the snowmobile season it must be quite boring there, and Missus would prolly divorce me if I was serious about living full time in Svalbard
Interesting what you say about public schools : in some countries, the best schools are actually public one. The private one are used by families when the kids can't keep up in the public sector, and for the kids who went private can only reintegrate the normal school system - aka public school - only after exams. The saying being
" the kid is so idiot that his parents had to pay to prevent him from failing".
All depends on the culture.