Posted on 04/12/2010 8:19:59 AM PDT by SeekAndFind
Edited on 04/12/2010 8:21:54 AM PDT by Admin Moderator. [history]
The numbers are small. A modern record, to be sure, and an embarrassment to some. But nothing to be alarmed about. Better to just curse their greed, slap an exit tax on their assets, and move on. There are plenty more where they came from.
(Excerpt) Read more at realclearmarkets.com ...
I’d go to Monaco. Virtually no taxes of any kind. No income tax, no sales tax, no property tax, no estate tax....of course there is a price. The cost of real estate if off the deep end since so many of the mega rich move there to avoid the taxes, especially the estate tax. A small condo, say 1200 sq feet, goes for upwards of $3 or $4 million I believe. A real condo goes for close to $10 million.
“I hear Estonia is very nice.”
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E-Stonia sounds like a Sharia website.
...and where does this loan, grant and scholarship fairy hang out?
Chile has a VAT tax, did you know ?
That’s an interesting list...I always fancied a blue eyed girl with an Irish lilt.
Federal programs worked through universities. knowing how to work/apply for the grants is an industry in and of itself.
The US government can put a lot of economic pressure on the countries that are stable enough that the rich might want to move there. Failing to pay the US government their bribe for allowing you to leave the country is the equivalent of some criminal cheating the mob boss.
Sad that the USA has fallen to that level.
Not at all.
I was simply making a distinction between earned income and wealth. They are very different concepts that the leftists confuse whenever it suits their purposes.
Obama makes it sound like income is never earned. To Obama, the guy working 30 hours at a part time, low skill, low effort job should have the same income as a person working 80+ hours a week starting a new company (and hiring new employees).
1) They'll have to learn Spanish.
2) They have to live under the threat of above 7.2 earhtquakes on the Richter scale.
3) Not sure how safe the country is in terms of crime compared to here.
That's California.
“Jim Rogers went to Singapore, to kick back and let his kids learn Mandarin for their future.”
Most people in Singapore speak English, and quite well.
They’ll call Gordon Liddy and invest only in gold then sit on it. No capital investment equals fewer jobs equals depression equals anarchy. Probably a long road but eventually it gets there.
The upper middle class, and the rich have been moving their assets overseas since the election. I have done so as well.
He feels the same way about wealth, which is the income you've managed to save after all of the taxes! But, a wealth tax has historically been seen as very un-American and hard to implement, which is why I bristled a bit. He'd do it if he could, though.
Says them. But, really, the USA has no ability to force outher countries to follow our laws vis-a-vis former citizens of the USA.
To my knowledge, all member-states of the OECD have "double-taxation avoidance" treaties with each other. That means that if you are a U.S. citizen who is a legal residence of, say, the Czech Republic" and who works there and pays income tax there, you won't have to ALSO pay U.S. income tax (rather, it is offset).
BUT, the disadvantage of that to you, who wants to "go Galt," is that all of these OECD member-states share info about you, the tax-payer, with each other (e.g., when conducting audits).
Bottom line: There is no need for the U.S. to "force" other countries to help "ferret out" so-called "tax cheats." Rather, it's a case of "You scratch my back, and I'll scratch yours."
Regards,
Most countries have people in power, at all levels, just waiting for the delusional foreigners.
A recently passed law deals with those renouncing their citizenship. One day before it becomes effective, all your property is deemed "sold" and you owe a very large tax to the U.S. government based upon the "deemed" value of that sale.
Unless you are familiar with the place.
Go visit; stay a few months; talk to people who actually live there.
Welcome to reality.
Most countries have people in power, at all levels, just waiting for the delusional foreigners.
I was aware of that. I didn't have the time to list all of the caveats, but, of course, "Quis custodiet ipsos custodes?" must ALWAYS be taken into account.
Regards,
Well, that's about twice what I want to pay.
Just kidding. Monaco is out, out, out for me. Maybe Costa Rica tho . . .
[you want on the Golf Ping list?]
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