What's the best state to live in for tax purposes as a day trader?

Discussion in 'Taxes and Accounting' started by Syzlex, Apr 10, 2020.

  1. tiddlywinks

    tiddlywinks

    #11     Apr 10, 2020
    toptrader99 likes this.
  2. Turveyd

    Turveyd

    I tried Cyprus last year for a week as looking for retirement place, nice enough to be fair, small mind, not as hot as Tenerife or south of spain in the mid summer to.

    Planned to be gone this year, but it's kinda gone, very very wrong for everyone.
     
    #12     Apr 10, 2020
    Atikon likes this.
  3. Pekelo

    Pekelo

    you hate the cold and the answer is Alaska. Would you move there for saving a few %?

    The best state to live in is wherever you are the happiest.
     
    #13     Apr 10, 2020
  4. If you make enough for state taxes to become a significant amount you make enough not to worry about state taxes.
     
    #14     Apr 10, 2020
    Lou Friedman likes this.
  5. wrbtrader

    wrbtrader

    Not true considering there's been a growing exodus of multi-millionaires moving to live in tax havens. Simply, the richer you become...the more concern you become about protecting those riches.

    wrbtrader
     
    #15     Apr 11, 2020
  6. Heavens no. Imagine the latency to CME :wtf: :D
     
    #16     Apr 11, 2020
  7. virtusa

    virtusa

    Monaco is situated on the border with Italy. Liguria (the flower Riviera) in Italy. Flat tax rate EUR 100,000 per year and much cheaper than Monaco. Renting a similar house in Monaco is impossible as the flats are piled up on each other. And these flats cost you more in rent than the flat tax fee in Italy. Live is Italy is also much cheaper.

    But better wait a few months because at this moment Italy is not such a good place to be.

    Just google Liguria and select PICTURES instead of ALL.
    https://duckduckgo.com/?q=liguria+italy&t=ffnt&atb=v144-1&ia=images&iax=images

    Or Tuscany
    https://duckduckgo.com/?t=ffnt&q=tuscany&atb=v144-1&iax=images&ia=images
     
    Last edited: Apr 11, 2020
    #17     Apr 11, 2020
  8. Atikon

    Atikon

    It's pretty nice, you only have to be there for 2 months a year to get a tax break. Noone is going to notice if you sneak of into Turkey fora day or two while you are there ;)
     
    #18     Apr 11, 2020
  9. virtusa

    virtusa

    If you are suggesting that 2 months a year is enough to pay no taxes anywhere, I am afraid you are completely wrong.
     
    #19     Apr 11, 2020
  10. Atikon

    Atikon

    I think you might want to look into Cyprus a bit deeper before questioning my post mate ;)
     
    #20     Apr 11, 2020