Citizenship Abroad to Avoid Paying Taxes...

[Aceshigh7]

So your one year income is approaching three quarters of a million dollars? I smell bullshit.

[Danenania]

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So your one year income is approaching three quarters of a million dollars? I smell bullshit.

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What are you smoking?

[Aceshigh7]

Besides denigrating the US the OP says he's going to owe ~100K in taxes for the year. If you believe that you're a naive fool.

[GeniusToad]

Simply put: It isn't worth the trouble. Either way you slice it Uncle Sam doesn't forget. If you're able to pull it off, more power to ya.

[KaneKungFu123]

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I don;t often agree with kane, but I'll support anyone's efforts to keep their hard-earned money out of the hands of the thieving scum we call government.

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if i were trying to stay in US and not pay, then id be immoral/etc.

the way i see it: taxes are like a membership fee. you pay them, and get the benefits of them.

if i dont want to live i US, why should i pay the membership fee?

[jakethebake]

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if i were trying to stay in US and not pay, then I'd be immoral/etc.

the way i see it: taxes are like a membership fee. you pay them, and get the benefits of them.

if i dont want to live i US, why should i pay the membership fee?

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Well then I take it back. I don't agree with you this time either. It's only immoral if you think economic slavery is moral. What is immoral is forceful appropriation of someone's hard-earned wages under threat of violent detention. Taxes aren't a membership fee. They're nothing more than government-sponsored theft.

[fnord_too]

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Besides denigrating the US the OP says he's going to owe ~100K in taxes for the year. If you believe that you're a naive fool.

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100K in taxes is probably between 300 and 400K in profit, maybe even a little less. That is 150-200 buy ins in the games KKF plays, that is not an unreasonable amount. I don't know what your experience is with paying taxes, but his number does not look outlandish to me.

Also, funny thing, US citizens are allowed to have oppinions about their country other than "The US may not always be right, but by god she is never wrong."

(FWIW I think KKF undervalues his US citizenship, but then again, he has lived abroad a lot more than I have, too, so he is not basing his oppinions purely on speculation.)

[einbert]

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The fact that these UK 'blokes' dont have to pay taxes makes me green with jealousy. I'll owe Uncle Sam an abusrd amount of money, perhaps a $100K at the end of the year. If it costs even half of that to establish citizenship in another country Ill eat my hat.

Has anyone put in any serious research about giving up US citizenship in exchange for that of another country?

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I know I'm asskissing, but god I gotta say i downright [img]/images/graemlins/heart.gif[/img] you KKF.

Let me know if this works out, I hope you get the information you need.

[Masquerade]

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The fact that these UK 'blokes' dont have to pay taxes makes me green with jealousy. I'll owe Uncle Sam an abusrd amount of money, perhaps a $100K at the end of the year. If it costs even half of that to establish citizenship in another country Ill eat my hat.

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Just "lose it all" to a friendly Brit who will be happy to sign documentation saying he won it as he has zero liability. Rent a private table with dealer in a casino if you want to make it look more legit and have a heads-up freeze-out match.

[stigmata]

I would be more than happy to offer my services [img]/images/graemlins/grin.gif[/img]