As long as you book mark that post and come back in 4 years and see that taxes will NOT be zero ill be all the Autist you want me to be...
On the one hand you have your numbers on the other hand I have five fingers. You need to be unburdened by what has been and embrace what will be. A picture is worth a thousand words. It clearly explains debt. I'm second from the right at old comiskey.
You should reconsider. First, whether it's Singapore or any other country, unless you are willing to renounce your USA citizenship, you will owe the IRS taxes. Second, as you mentioned, the only loophole is Puerto Rico Act 60. I live in Puerto Rico, as an Act 60 resident. Is the infrastructure as good as the States? No, but it is more that sufficient for trading. I regularly get 500MB to 800MB on my internet access. As for electrical failures, yep happens frequently for a few hours at least a couple times a month. But everyone who has money lives in a building with a generator, so their power is out for about 10 seconds, tops. Add a $70 backup UPS to my computers and TVs, and I never even notice the 10 second outage. Crime? Yes it's higher than the States, but a lot less than almost every other island in the Caribbean. And if you live in one of the richer areas of PR (Condado, Dorado, etc) you never see any crime. Not even graffiti. Hurricanes. Again, a minor annoyance for anyone who lives in the richer areas where every building has backup power and water. And the best three benefits of PR: a) You don't have to renounce your USA citizenship, b) you only have to spend 5 months a year in PR to maintain your Act 60 status, c) You are less than a 4 hour flight to anywhere on the USA East Coast (vs 16+ hours from Singapore).
Yes, the point is if we change to a residency system that will allow people to live in other countries without the IRS charging them. I've thought about Puerto Rico, but I know you also have to own property there. If I went I would only be interested in short-term to build wealth instead of the government taking a third every year which obviously has a massive compounding effect. I guess I could do 5 months between December and May. Definitely would go somewhere else during hurricane season. On top of UPS do you have a mobile internet backup? Like Star Link or even just mobile data? I've been to both Singapore and Puerto Rico and as somebody who values safety, society's cleanliness, and isn't into drugs/partying, Singapore is culturally the best fit for me.
it will never happen. Not enough people to matter from a voting perspective. Give up your us citizenship. And become a citizen of Switzerland. 15percent tax and access to really good chocolate and watches.
It's very expensive to become a citizen of Switzerland and the cost of living is through the roof. Nature is amazing, chocolate is good and the watches are accurate.
Is this the thread where the people who couldn't predict the election 2 weeks ago are now trying to predict where the economy will be in 5 years? You know who you are