21–30 of 84 posts
I was quoted in this article. I do lots and lots of this work -- helping people log out of the USA cleanly and permanently. AMA.
Im very interested in this. Which countries are best for expats from a quality of life and ease of obtaining citizenship standpoint?
I wish the title of the article better reflected the real point - explained in the article itself - instead of saying "escape tax rules", with all the implications The fact is, more and more of us with solid middle-class incomes and perfectly normal lives are becoming increasingly concerned about laws that are poorly explained and advertised to us, but with huge potential penalties if we go unaware of them. These are…
The risk is too large for middle class people.
The second tax reason people give is the estate tax.
I was quoted in this article. I do lots and lots of this work -- helping people log out of the USA cleanly and permanently. AMA.
Puerto Rico has this new tax law that basically limits taxes to like 4% or less, if you are a resident of PR. Let's say Bob is an American who expects to have a big exit in 2015 (or he has lots of GOOG stock and wants to sell it). Normally Bob would pay US capital gains taxes (15-20%, maybe 23.8%), plus California taxes (assuming he lives in CA). Instead, Bob moves to Puerto Rico, establishes residency. Then he sells his shares for US dollars, and pays Puerto Rico taxes. Then Bob moves back to mainland US, having saved lots of money.
Is there a flaw in the above situation?
>"U.S. citizenship is the most coveted citizenship in the world. To give it up, it has to be pretty serious," It's pretty serious to give up your birth citizenship no matter where you're from. But, as someone with American citizenship, this doesn't ring particularly true for me. There are a number of passports I would trade, today, right now, for the one I currently hold. Anyone claiming American citizenship is the m…
What countries's citizenships would you suppose is coveted by more people worldwide than the US?
I was quoted in this article. I do lots and lots of this work -- helping people log out of the USA cleanly and permanently. AMA.
Is WSJ really trying to argue that expats are dodging tax rules, not taxes?
Earlier quoted context omitted.
Im very interested in this. Which countries are best for expats from a quality of life and ease of obtaining citizenship standpoint?
I believe that's Singapore. Albeit, the rules are being changed due to rapid influx of rich foreigners into Singapore causing social issues. https://sg.news.yahoo.com/ferrari-crash-fuels-singapore-anti...
http://seattletimes.com/html/localnews/2023636226_ferraridri...
I wish the title of the article better reflected the real point - explained in the article itself - instead of saying "escape tax rules", with all the implications The fact is, more and more of us with solid middle-class incomes and perfectly normal lives are becoming increasingly concerned about laws that are poorly explained and advertised to us, but with huge potential penalties if we go unaware of them. These are…
I was quoted in this article. I do lots and lots of this work -- helping people log out of the USA cleanly and permanently. AMA.
Since a lot of us are thinking it: How do you justify you career as a morally acceptable calling?
>"U.S. citizenship is the most coveted citizenship in the world. To give it up, it has to be pretty serious," It's pretty serious to give up your birth citizenship no matter where you're from. But, as someone with American citizenship, this doesn't ring particularly true for me. There are a number of passports I would trade, today, right now, for the one I currently hold. Anyone claiming American citizenship is the m…
Obviously USA has a lot more to offer a plantation worker in Honduras than a wealthy retiree who might need some medical care.