- Oct 25, 2018
- 2,232
- 9,566
Stop earning money, don't pay any tax.
Alternatively, move your ass to a tax haven.
Alternatively, move your ass to a tax haven.
How to pay less taxes?
- Thread starter annusui
- Start date
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- Tags
- tax evasion
ItsAllTheWayUp
Junior Member
- Aug 4, 2022
- 192
- 126
I didn't take a look into it, how hard it is. But as far as I know there are already services out there who are able to solve HCaptchaAre u planning to solve HCaptcha Discord? (just to know
- Jun 26, 2023
- 300
- 68
Yeah... but it's not the same shit with Discord
All I know is that a lot of people are looking in this area I can give you a contact who is actively looking for a guy for a solver.and what will I live on? Here in Italy even the accountant advised me not to open anything because I wouldn't earn anything.
- Oct 25, 2018
- 2,232
- 9,566
My comment was sarcastic. I thought that was obvious. You can't really evade tax unless all your income is in cash or crypto. Country specific loopholes are there to be exploited but you can't significantly reduce your tax burden.
I would like to change country but I don't know which one is best for me.
- Sep 10, 2010
- 11,811
- 26,653
Go to jungle and become tarzaan.
j/k, but there is no way to tell you until you tell us which country you are from and how much you earn per year and through what source.
Also, don't "Evade" tax. "Save" tax.
I would like to have a business but the accountant scared me and told me that I wouldn't earn anything because taxes in Italy are too high.
- Sep 10, 2010
- 11,811
- 26,653
Ahh, Italy. Sorry I have no idea, but atleast other members who are in Italy might have better info for you.
Thanks
RoyalCeres68
Power Member
- Oct 12, 2016
- 517
- 240
Then the focus should first be on setting up businesses that cover your living expenses.
Taxes can be saved relatively easily, you can also travel around the world as a "perpetual traveler" and save taxes (but this depends heavily on the details of your country)
But if you can't currently manage to earn at least 2k a month then you shouldn't even consider emigrating.
dzudiaveaji
BANNED
- Feb 18, 2023
- 127
- 31
panama in usa has low taxes
moonshine7000
Elite Member
- Mar 4, 2013
- 4,358
- 4,002
Noah Fraser
Registered Member
- Apr 23, 2024
- 53
- 13
ExperimentalSEO
Regular Member
- Mar 1, 2018
- 451
- 2,067
US Specific, other countries are going to have different regulations.
The basics are
1. Setup a company that is not only registered in a no or low tax nation, but is managed and operated out of that country as well. You own shares in that company and are paid dividends. Depending on how much income you have you will have to pay 0,15 or 20% in qualified dividends.
2. Move to locale that reduces income tax. Puerto Rico or the USVI, have special tax breaks that heavily reduce federal income tax.
3. Real Estate Investment. It's best to use debt for this, and to keep expanding and not sell property. You can depreciate the building by 1/27.5, as well as write off the interest on the loan. Even things you buy for the property you can write off
4. Max out tax free retirement accounts(Roth IRA,401K,457,TSP)
If someone had invested $3,000 in NVIDIA on Dec. 30th of 2004; today it would be worth $4.3 million(DRIP enabled) and there will be no taxes on selling the shares and withdrawing the money.
5. Invest in tax free bonds
4x1. Use your Tax Free account to buy a business or start a business that is located in a no or low tax nation.
Going to have to do research on this before going to a tax lawyer to set it up. It's one of the lesser known tax policies.
4 and 4x1 going to defer the income until years later, for example if someone is 18 and sets it up it will take 41 years before they can withdraw the money without paying a penalty.
The basics are
1. Setup a company that is not only registered in a no or low tax nation, but is managed and operated out of that country as well. You own shares in that company and are paid dividends. Depending on how much income you have you will have to pay 0,15 or 20% in qualified dividends.
2. Move to locale that reduces income tax. Puerto Rico or the USVI, have special tax breaks that heavily reduce federal income tax.
3. Real Estate Investment. It's best to use debt for this, and to keep expanding and not sell property. You can depreciate the building by 1/27.5, as well as write off the interest on the loan. Even things you buy for the property you can write off
4. Max out tax free retirement accounts(Roth IRA,401K,457,TSP)
If someone had invested $3,000 in NVIDIA on Dec. 30th of 2004; today it would be worth $4.3 million(DRIP enabled) and there will be no taxes on selling the shares and withdrawing the money.
5. Invest in tax free bonds
4x1. Use your Tax Free account to buy a business or start a business that is located in a no or low tax nation.
Going to have to do research on this before going to a tax lawyer to set it up. It's one of the lesser known tax policies.
4 and 4x1 going to defer the income until years later, for example if someone is 18 and sets it up it will take 41 years before they can withdraw the money without paying a penalty.
D
Deleted member 1944168
Guest
move to dubai
moonshine7000
Elite Member
- Mar 4, 2013
- 4,358
- 4,002
In addition to that as non us person you can invest into US growth stocks with zero capital gains tax
illuminateme
Power Member
- Feb 24, 2016
- 774
- 369
depending on your income level and tax residency, you might wanna check out this channel "nomad capitalist"
this.
My favorite book on tax is "tax free wealth" by Robert kiyosaki. The book pays for itself with the information in the book.