Living on a boat and avoiding taxes

Discussion in 'Taxes and Accounting' started by Fishbird, Aug 8, 2005.

  1. Mtrader

    Mtrader

    It is very complex material. All depends of your specific situation and your specific wishes.
    There is no overall solution that fits for all.
     
    #411     Jun 6, 2017
  2. Mtrader

    Mtrader

    There are possibilities to first get confirmation that you can get citizenship in country A before giving it up in country B. So risks are very limited in that case.
     
    #412     Jun 6, 2017
  3. sss12

    sss12

    Both are very limiting. Roth's have very low max income thresholds. SEP's need big DECLARED taxable self employed income to make them worthwhile.
     
    #413     Jun 6, 2017
  4. franT

    franT

    You should all consider that this thread is monitored by the IRS, before you get a $99.99 tax penalty, that you could not pay anyway.
     
    #414     Jun 6, 2017
    Mtrader and bone like this.
  5. Mtrader

    Mtrader

    I don't think they monitor it, they already know the reputation of the ET members. :D

    Maybe they caught Marketsurfer??? Might explain his disappearance.

    Besides I don't live in the US. :thumbsup:
     
    #415     Jun 6, 2017
  6. dealmaker

    dealmaker

    #416     Jun 6, 2017
  7. bone

    bone

    Oh, I get it. The real advantage to living on a boat would to enjoy an ocean front living lifestyle without dealing with the real estate costs - indeed the advantages are obvious on the coast of California or many parts of Florida. It would have to be a clime where the harbor didn't ice over.

    Again, you are still going to have to pay taxes if you are a US citizen. If you renounce your citizenship and choose to remain - well, that would catch up to you as well.

    This is a silly conversation frankly.
     
    #417     Jun 6, 2017
    speedo and dealmaker like this.
  8. Overnight

    Overnight

     
    #418     Jun 6, 2017
  9. Steve,

    How can I send you a PM? Thanks!

    JT
     
    #419     Jun 13, 2017
  10. piezoe

    piezoe

    Just anchor in international waters and never go anywhere near land. :D
     
    #420     Jun 19, 2017