Say you are making a shitload of money, and I mean a shitload
 

is it WISE to move to a tax-free country? where you can live like a king and not give a penny to the government?

discuss

Can you name a tax free country?

Depends on a 'shitload'.


But if you are talking metrics, then yes.

you just need to move to Frisco, you'll be all right :winkwink:

can you buy me a new watch? and those cute frog boots from earlier today?

;)

Definitly... lots of big guys are doing it. Even paul martin

Somebody should start a real "how to hide yor earnings"

Monaco, right?

just stay in Monaco for a few months and pimp that shiz.

Why do you think Schumi moved there?

Talk to a tax accountant and he/she can advise you of the best ways to minimize your tax exposure. Do yourself a favor and take advice on this subject at face value from GFY.

DH

You don't need to move to a country. Simply stay in Monaco for a few months and you are fine. Ofcourse you could also 'stay' in Monaco. Buy one ticket for yourself to Monaco. When you are there, return home. Three months later let someone else buy a ticket to Monaco again and then when you're there, return home agian. If irs visits you in usa, you tell 'em you're visiting for a few days.

As Lasse would say,

:pimp pimp pimp

Do your self a real favor, and learn to do your own tax's. they give you all the ins and outs. take advantage.

Monaco is nice. That would rock. Being from the US, they chase us if we make too much and try and move.

doesnt he live in a big castle is switzerland?

Well you can move to Monaco, but houses ad products are much much more expensive there as well...

Anyway, to answer your question, I would MAYBE move when the country is very very nice. But I won't move to a "shithole" just because I could live like a king there. I would advice you, talk to accountants, and ask them what options there are. You will be suprised how much is legally possible, without the need to move....

Andre

Or maybe it was someone else... bleh

Brunei? well last time I checked

Pay your taxes and sleep well at night.

:pimp :pimp

yay thats true

Monaco is not a shithole. Just my opinion. Very cool they do not pay taxes. In the US after a certain income level all kinds of deductions fall off. It turns into a straight 35% prety quickly.

i never really understood this. if i was making a ton of cash i'd want to enjoy it with the people who were good to me when i didn't have it. to move to some foreign country where i didn't know anyone and might not even know the language just doesn't appeal to me, even if it does save me money.

Iraq ???

Lol I know Monaco is NOT a shithole...But I mean some of those "cheap"countries where you can live like a king with the money that makes you above average in your own country

Honestly, your best bet is to read up on how Soros does it... That dude has freaking billions safely tied up offshore, legally!

bdjuf
Seriously go to costa rica for the iwantu bash... you may decide to stay

Is your family moving with you ????? :winkwink:

:thumbsup

Try living a bohemian life.. :thumbsup

It is totally unpatriotic and dispicable to not proudly support Halliburton!

:1orglaugh

I was just about to mention costa rica and panama

I know they have kickass laws in costa rica :)

you need to come to the show in february yo!

gonna be a blast. i'm throwing a big bash there on the beach on the saturday of the show.

finally you can get into on of my parties :)

rockin all night bdjuf!!!!!!!!!!!!!!!!!!!!!!!!

www.costaricabash.com

In Sweden you pay about 60% as self employed after a 20% salary.

And in Panama, they kick your ass ..... in jail.

listen son I know the new generation of webmasters may think its cool to go down to central america paying no tax getting drunk snorting chan off $40 hookers backs but don't believe the hype, real players buy their own island declare their shit a sovereign state:

http://www.sealandgov.com/

its that or you end up in jail with a mono nostrel dying from aids

:1orglaugh :1orglaugh :1orglaugh
That really made me laugh out loud!

If you mean $100k a month? No dont move to some shithole country.

If you're making a shitload then paying taxes wont leave you broke.

just get a hold of a good laundry service ;)

You could swim to the Bahamas. :1orglaugh

I think the point is, who knows when the train will stop. So giving away half is painful.

I thought Canadians liked taxes.

Talk to an account or financial planner.

A good financial planner can show you how to put your money to work for you and offset the loss you take in taxes. Of course you'll have to pay taxes on that too, but it's more money for you.

My mom does this for other people and makes a pretty good living. She was a teach for years.

In her first two week of December her commission check was just a tad bit over $10k. She's hoping to hit $25k for the month of december. She's making a lot of people a lot of money.

Find someone to help you do the same.