Living outisde of the US

PiggyBank · Aug 1, 2013

Quote from Max E. Pad:

I think about this all the time, and am currently actively engaged in finding a way to avoid taxes, just for 10 years atleast, before i start a family.

Here are all the cons i have faced so far from moving around, and not having a stable place where to live.

1.) Hard to find a girl who is willing to give you ten years to amasse a fortune before you settle down for the family thing. Only girls i have met so far willing to do this with me are girls who have no intention of having a family, and very little intention of even having a job. Though i once met a quality chick at a brothel in argentina who definitely seemed to want a relationship..... She had the marriage papers all ready to sign before i even went home, now there is someone who is commmitted, hard to deny she wanted me for my personality, and nothing more.

2.) Almost any area you go to has drawbacks which you wouldnt think of that basically eliminates the pros of being able to live a tax free life. For example i went to Panama for a bit and was thinking about incorporating for 0 income tax, but over the time i spent there the internet and power outages were almost enough to elminate the tax benefit, and there is no way in hell i could ever trust the place enough to settle down and start a family.

3.) This one is huge for traders, if you trade through a U.S. firm, and you move to a place like Belize, the U.S. will still try to tax you if you trade through an american company, even without u.s. citizenship. The tax treaty whereby the u.s. will allow you to go tax free as a foreigner only applies if you live in a place where you pay taxes to someone and they have a tax treaty with the u.s.

I.E. most of these places you can live in where taxes are zero, if you have a trading account in a u.s. company, the government is going to figure out a way to get something out of it. So your only option is to find a company that has the same quality access to u.s. markets, without actually being in the u.s.

I worked for one based out of cyprus, and as you can imagine, look what just happened to cyprus. I was very lucky not to have much tied in with them.
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I'm not really just thinking about taxes, although if i was making real money i would probably feel differently. Bottom line is any country that is even remotely safe needs tax revenue to, at a bare minimum, defend the place. So I can accept that, what i can't accept is seeing the whole place change around me into something it was never supposed to be. Reality is I'm probably not going anywhere, this country 'could' be awesome again, we just need a good housecleaning.

Max E. · Aug 1, 2013

For me it wasnt just about taxes either, cost of living was the other one i looked at, which works huge to ones advantage in these countries, i doubt yyou will find a country that has all the amenities of the u.s. that also has a lower tax rate, maybe switzerland but its tough to get citizenship unles you are rich from what ive heard.

Quote from PiggyBank:

I'm not really just thinking about taxes, although if i was making real money i would probably feel differently. Bottom line is any country that is even remotely safe needs tax revenue to, at a bare minimum, defend the place. So I can accept that, what i can't accept is seeing the whole place change around me into something it was never supposed to be. Reality is I'm probably not going anywhere, this country 'could' be awesome again, we just need a good housecleaning.
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PiggyBank · Aug 1, 2013

Quote from Max E. Pad:

For me it wasnt just about taxes either, cost of living was the other one i looked at, which works huge to ones advantage in these countries, i doubt yyou will find a country that has all the amenities of the u.s. that also has a lower tax rate, maybe switzerland but its tough to get citizenship unles you are rich from what ive heard.
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That's what i figured, if they just let everyone in their country would be as shitty as the rest of europe. lol

But yeah the US is still probably the best place to live everything considered, it just sucks to know it is in decline and at this pace, will not be at some point in my lifetime.. maybe soon.

Max E. · Aug 1, 2013

Quote from PiggyBank:

That's what i figured, if they just let everyone in their country would be as shitty as the rest of europe. lol

But yeah the US is still probably the best place to live everything considered, it just sucks to know it is in decline and at this pace, will not be at some point in my lifetime.. maybe soon.
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Bottom line the higher the tax rate, the larger the number of dead beats leaching off the system.

LEAPup · Aug 1, 2013

Quote from Max E. Pad:

Yes, you can do that, invest in U.S. stocks from foreign brokerages, what you cant do is use a u.s. firm to day trade the u.s. market and pay zero taxes from abroad.

If i was rich enough to be at a stage where i could just run a portfolio and live at my standards, then id be all over it.
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No US equities from foreign brokerages necessary...

LEAPup · Aug 1, 2013

Quote from PiggyBank:

I'm not really just thinking about taxes, although if i was making real money i would probably feel differently. Bottom line is any country that is even remotely safe needs tax revenue to, at a bare minimum, defend the place. So I can accept that, what i can't accept is seeing the whole place change around me into something it was never supposed to be. Reality is I'm probably not going anywhere, this country 'could' be awesome again, we just need a good housecleaning.
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And a good house cleaning is gonna take an uprising among the MINORITY of America who actually work for a living. Problem is, they work all the damned time, and don't/won't take the time to do anything about the parasites who are destroying America. The democommunists aren't dumb. They've figured out a way to "legally," stay in power forever, and the rest of us will suffer as a result.

PiggyBank · Aug 1, 2013

Quote from Max E. Pad:

Bottom line the higher the tax rate, the larger the number of dead beats leaching off the system.
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It's true, also super high tax rates like in France, essentially mean the economy is fucking dead, there is no way for the ambitious to really overcome the obstacles and innovate/compete, unless they are already rich. The US does still pump out new millionaires probably faster than anywhere else.

LEAPup · Aug 1, 2013

Quote from Max E. Pad:

For me it wasnt just about taxes either, cost of living was the other one i looked at, which works huge to ones advantage in these countries, i doubt yyou will find a country that has all the amenities of the u.s. that also has a lower tax rate, maybe switzerland but its tough to get citizenship unless you are rich from what i've heard.
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Switzerland sure has it's taxes, no question.

LEAPup · Aug 1, 2013

Quote from PiggyBank:

It's true, also super high tax rates like in France, essentially mean the economy is fucking dead, there is no way for the ambitious to really overcome the obstacles and innovate/compete, unless they are already rich. The US does still pump out new millionaires probably faster than anywhere else.
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And these millionaires just want a place to live where they aren't serfs, which is what Ocommunist wants with this Country.

PiggyBank · Aug 1, 2013

Quote from LEAPup:

And these millionaires just want a place to live where they aren't serfs, which is what Ocommunist wants with this Country.
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Yea man, i have no idea why more people aren't outraged by this guy and his admin, but this could still all blow up in his face (economy, obamacare). then we will have an opportunity to get back to being America.