- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 7/19/09 at 5:10 pm to Homeboy
I've actually been thinking about this lately and I'm leaning towards giving up my citizenship and moving out of the country after retiring.
Posted on 7/19/09 at 7:10 pm to SpidermanTUba
quote:
If you wish to retain your citizenship you must continue to pay federal income tax on all of your earnings.
If you are earning money overseas, you don't need to pay taxes on it. I'm sure there are certain caveats to this, but basically just move out of the country and go to work. No reason to renounce your citizenship.
Posted on 7/19/09 at 7:20 pm to SpidermanTUba
quote:
Does this include capital gains and dividends?
no, that's not earned income
Posted on 7/19/09 at 7:49 pm to yellowfin
quote:
I've actually been thinking about this lately and I'm leaning towards giving up my citizenship and moving out of the country after retiring.
George Clooney promised us he would move to Canada when Bush won but he hasn't done it yet.
More seriously, it's starting to be popular now to move to Central/South America. Some of the places are actually kinda nice and it doesn't cost a lot. I know a guy in Venezuela who is from Tennessee but moved ten years ago. He has a bass fishing camp in the Orinoco river delta area, believe it or not.
Posted on 7/19/09 at 8:37 pm to foshizzle
quote:
More seriously, it's starting to be popular now to move to Central/South America.
That's the area I was thinking, but I'm still a long time away from retirement so a lot of things could change. I also plan on giving our government a big "frick you" on paying taxes on my 401k so I won't be welcome back anytime soon.
Posted on 7/20/09 at 12:47 pm to SpidermanTUba
quote:
Monaco. 0% income tax.
Yeah, but wouldn't a 1 bedroom condo cost you like $600 grand?
Posted on 7/20/09 at 2:41 pm to Cold Cous Cous
quote:
Yeah, but wouldn't a 1 bedroom condo cost you like $600 grand?
IF the gov't allows you to live there.
Posted on 7/20/09 at 4:51 pm to Cold Cous Cous
quote:Yeah, but just think of all the taxes you'd save!
Yeah, but wouldn't a 1 bedroom condo cost you like $600 grand?
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News