Discussion in 'Hardware' started by starman, Jul 28, 2002.
That's a no brainer then.
And you don't pay taxes on about $200 K +, legally.
You mean that I won't pay taxes on anything _ABOVE_ 200K+? Is this for earnings for me and my wife, or for me as a trader only?
Below, and you have to set it up right. Above is standard capital gains.
Or you could expatriate and not pay any ...
Let me get this straight - I don't want to make a mistake.
Are you saying that if I make 150K a year trading, and I move to Freeport, and I set it up correctly, and I keep my American Citizenship, I don't have to pay any taxes?
And, if I make, say 250K, then I only pay 20% on the 50K!!??
PS You could probably push the whole 250K.
Can I set up a corporation in Freeport, stay here in Chicago, trade "thru" the corporation, and still get the benefit??
No, not legally.
But, I know a number of people that have tried; some got caught, some didn't.
PS Cold Chicago winters, hot and humid summers vs paradise.
Ugh - LOL - I am a law abiding citizen...No amount of money is worth having my daughter having to visit me in jail...
Paradise is becoming more and more a necessity...
It is 3:13 AM here and I am going sailing in the morning; I am going to bed. We can continue this discussion tomorrow.
That is the other weird thing here. In Chicago I was asleep by 10 and up by 5; here I stay up late and crawl out of bed at 8. Maybe I need one of those wild women that I see to wear me out at night. On second thought the probable outcome of that would be embarrassing myself and disappointing her.
Maybe a rent a women, then she wouldn't care...
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