Where would you live if you can make more than $200000 per year from stock mark.
- Thread starter 20092009
- Start date
Quote from retaildaytrader:
You could rent out a very cheap apartment somewhere in another state, get a driver's license and never use the place. Then use that state as your permanent address. Of course, thats probably illegal and you might get caught if anyone found out. I guess it would be tax evasion, but I dont know. You want to always keep these questionable things to yourself.
the way they would have to catch you is that to be your permanent residence you are suppose to spend 51% of your time there. (or something like that) which would be almost impossible for any one to prove that you did or didn't, if you were smart and had your utilities in your name, and other normal bills.
and the IRS isn't really going to go after someone where they would have this much trouble coming up with a case, when there are so many people who just flat out don't pay for no reason.
The real problem would be not spending your money in another state, like buying a big house and cars, and having lots of bills in your name.
I thought that if you gave up your citizenship, the federal government may not allow you to return, depending on your "new citizenship" country. How does this work?
San Francisco, Isle of Skye, and Conroe,TX.
most people in the USA don't know this but it's hard for Russians to visit the united states, really really hard/almost impossible for younger single Russian woman.
Before you make a decision, you may wish to consider all the taxes and various fees that apply to your life, not just the income taxes.
I live in WA, which as someone else mentioned, has no individual income tax. There is, however, a business income tax, and very high sales taxes (I think they are around 8.9% in my county). After considering the tax I pay on the things I buy, I might as well be paying 3-4% income tax--it would come out the same. Also here in WA, prior to some laws that were passed recently, there was a high price for car registration-eight or nine times what others states I've lived in have charged.
As another example, I own some property in TX. Again, there is no individual income tax, but there are high fees to do business there as a foreign corporation and very property taxes--nearly 3% of the assessed value, which is almost 4% of what I consider the actual value at this point in time.
I live in WA, which as someone else mentioned, has no individual income tax. There is, however, a business income tax, and very high sales taxes (I think they are around 8.9% in my county). After considering the tax I pay on the things I buy, I might as well be paying 3-4% income tax--it would come out the same. Also here in WA, prior to some laws that were passed recently, there was a high price for car registration-eight or nine times what others states I've lived in have charged.
As another example, I own some property in TX. Again, there is no individual income tax, but there are high fees to do business there as a foreign corporation and very property taxes--nearly 3% of the assessed value, which is almost 4% of what I consider the actual value at this point in time.
I have went ahead and made the decision for you. Pattaya Thailand. Rent a condo for $350 dollars American per month and have all the beer, beach and ladies you can stand. Live like a king for very little in a new condo by the beach and never have to worry about anything ever again.
http://boutiquehotelpattaya.blogspot.com/
http://boutiquehotelpattaya.blogspot.com/