Zwielicht
Elite Member
- Aug 31, 2013
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Giving up US citizenship soon
- Thread starter Capo Dei Capi
- Start date
Mind Media
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- May 17, 2015
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I guess you really dont want to go to jury duty!
theconscience
Regular Member
- May 16, 2014
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If you marry a rich woman you can avoid paying tax, however you will probably die an early death and not enjoy spending her cash.
Inidentally Death and breakdown of the physical body is just an illusion
Inidentally Death and breakdown of the physical body is just an illusion
Mind Media
BANNED
- May 17, 2015
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What are you smoking?
PrinceVisi
Elite Member
- Jan 11, 2012
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I wish there was a way for me to get a USA passport.
You really don't know what you have in your hands.
Zwielicht
Elite Member
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The grass is always greener on the other side.
iamDeLaSoul
Junior Member
- Jan 28, 2015
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This man got it sorted
PrinceVisi
Elite Member
- Jan 11, 2012
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Not in this case.
You have to live in different places to see what living in USA gets you.
Capo Dei Capi
BANNED
- Oct 23, 2014
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The usa isn't that good anymore ad it used to be.
theconscience
Regular Member
- May 16, 2014
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Nothing these days
SEOking222
Elite Member
- Sep 29, 2012
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jazzc
Elite Member
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Not really, depending on how your income is made you can legally minimize it a ton. And if you're a young guy who doesn't mind living in 2 countries, you can pay zero tax. Real estate tax is the one you can't really avoid (at least, not to my knowledge).
theres way bypass them completely but no one will tell you that on a clearnet site plus it takes some to do it, but yea USA is not the same country and FATCA being the biggest reason why a lot of people are renouncing US citizenships. Eduardo Saverin renounced his citizenship thats a huge indicator on whats really going on
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jazzc
Elite Member
- Jan 27, 2009
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You can always get papers if you have money. USA has a green card program for big investments, Malta just opened a residency program (will cost you north of 500k in forced investments) but you don't have to live there to get it.
jazzc
Elite Member
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She's a mod helping with the forum migration, question already asked before and answered by DD - why don't you look at her post list and check the threads?
jazzc
Elite Member
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Ah, I'm not a US citizen and he said he's gonna rennouce his US citizenship. Also, US is not the only country in the world that taxes global income. To answer your question, in the EU it has to do with residency. You are consider a resident (and thus have to pay taxes) if you stay X days (usually up to 6 months, depending on the country) in a country. It's not THAT simple (there are some other rules thart have to do with your income stream and real estate), but for the details you get to ask a consultant that specialized in those things in your target country.
Capo Dei Capi
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Property taxes isn't that bad in many locations its just a few that are really bad. In some cities in NY a person with a $500,000 home can pay close to $15,000 a year in taxes.
BIGBIGBIGMamas
Power Member
- Nov 4, 2012
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Real Estate taxes are some of the best taxes in terms of tax breaks.
Also, the problem is most people don't set up corporations for themselves. Your taxes will look much differently thereafter.
Rich Dad Poor Dad 101
Also, the problem is most people don't set up corporations for themselves. Your taxes will look much differently thereafter.
Rich Dad Poor Dad 101
jazzc
Elite Member
- Jan 27, 2009
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Depends on where your real estate is. Where I am, it's not pleasant.