Quote:
|
Originally Posted by Webby
This mean you are *actually* free from the US - or still a citizen and obliged to pay US taxes even from Argentina?
Sure minusonebit ... one thing that will hit you in the face is the freedom from bullshit - and a massive upgrading in quality of life. I did this decades ago, tho not from the US - and no way, - ever - would I dream of going back. (In fact, a good few friends have now done the same - could not leave quick enough  ) |
I am working on a tax scheme I need to run by someone more knowledgeable than I to determine the legality thereof. Basically, it would go something like this:
I form a corporation here and there both. I am an employee of both corporations and paid as such. The US corporation pays me a salary of $1 less than the then-current poverty level, so that any taxes withheld would come back to me in a refund. With the rest of the funds, the US corp contracts my AR corp for "management and adminstrative services" as a contract consultant. Then the AR corp pays me as an employee of the corp and I pay taxes on whatever is needed there. The bulk of my income would be paid out from the AR corp.
I dont want to give up my citizenship because it would make re-entry more of a pain for coming back to visit friends and such. Not to mention, I have considered working in the US for a couple months out of the year. Hell, you could almost make enough running a paper route or working at McDonalds for a couple months to live in AR for a whole year. I dont want to have to carry a green card in my birth country.
For as much pleasure as it would give me to go down to the INS office and offically renounce my citizenship, thats a pleasure I dont think I will allow myself. At least not yet.