I'm sure there's a thread on this, but I looked for an hour and couldn't find it. Yesterday, I just wrote the IRS a check for 40% of my account. It's crazy. I then just signed away another 10% of my account for my first quarterly payment this year, and another 5% of my account for state taxes. I basically lost a bit over 50% of my account in one day to taxes. There has to be a better way, there just has to be. Doesn't the government realize that taxing me at 5%, they make more in about 3 years than taxing me at whatever their top rate is now? Anyway, some people in my chat room were telling me that I could form an offshore type thing and only pay taxes on the money I take out of my account to live on. Is this true, do any of you know about this so I can compound my capital without loosing half of it annually to taxes? I know soros does something like this, and I hope to do so too. But I want to know some details before I spend a few hundred dollars on a consultation with my accountant.