This thread isn't about offshore companies / trusts / foundations or whatever you see throughout the internet. Just like Mtrader said, if you wanna save on taxes then start packing and move to another country. As a trader you can't save on taxes with offshore setups whether you're making $100k, $1m or $10m a year but you can save by moving to a low tax country.
I did not say offshore company. I considered relocating lumped into "offshore setup". Anyhow you'd need mucho profit to take on the expense, and especially the upheaval to move to another country with lower taxes. There are very few countries that increase in population by (legal, desirable) immigration, USA is one of them. If you think taxes are high here, please move somewhere else, you'll see the difference immediately the reason why. Taxes are like death, it's inevitable ...
Yeah, usa is the best country in the world. Every american know that. Now why don t u gtfo of this thread, and maybe come back when u have started making money and switched to a less coercitive - especially taxwise - citizenship ? Most set ups and relocations mentioned in this thread do not work for americans btw, and the active posters here are not americans (or not supposed to at least)
Didn t mean to quote u in my last post fwiw, sure at least income and capital gain taxes are avoidable if one is not a citizen of the USA and possibly of a precious few other great countries of this world like Erithrea and North Korea, which try and tax their citizens no matter how far those run away from the paradise they were born into.
I just read your response. Hilarious! I agree. This bs that Americans keep saying is a nonsense. They really should visit Europe to see how rich Europe is compared to the US how much bigger Europe is compared to the US in terms of GDP for instance. They should also take a flight to China to check the largest economy on the world. Shanghai is a great place to start the experience And finally they should stfu as the largest debtor country which will go bankrupt in my life. Ohh btw I don't want to forget to point out that the mighty US dear @lylec305 is just the 3rd largest economy, officially We, luis and me are sending you lots of strength from China and Europe respectively so hopefully you gonna make enough money in the future to repay the rapidly growing US debt. It's not that much, just $20 trillion plus $1 trillion / year. Ps:
Now I understand why Trump says: I want to make America great again. According to Trump America is not great anymore.
Yes, they're in a huge trouble and no one wants to talk about it. I remember the day he became the president and he was talking about fixing many things in the country and the CNN reporter said something like "it's interesting that the new president talks like we have problems while Obama said that he has fixed the country and we're stronger than ever" and he said this in a cynical way. I find it interesting how brainwashed the average American is. They don't know anything about their own country's problems and they have failed to realize that the world is not behind the US anymore. Yes, they lead in many things but they're not as important anymore as they used to be. Europe develops the products that China produces for the US. Simple as that. I remember I was talking to a local in Houston and he was like the US is the no.1 and I've asked him what kind of car he drives? He said an Audi. Then I asked why kind of phone do you have? Then he said Samsung. Then clothes? Zara. Laptop? Macbook. Let's summarize this. Audi? Developed in Germany, made in Europe and China. Samsung? Developed in South Korea, made in China. Zara? Designed in Spain produced in Pakistan, Vietnam, Philippines and China. Macbook? Designed in the US, assembled in China from hardwares made in China. So Mr. Trump is dead right about bringing back real economical activity to the US. The questions are, can he and can he before they gonna collapse? I think the answer is no but we'll see.
There may be a solution to trade free of tax in a Western European country. I think I'll share it here once the structure is approved.
Europe is socialist and has highest income tax system in the world. You really think you trade free tax in Europe and not have to pay other taxes. End up with lower taxes than where? Which country are you comparing Europe against?