Citizenship Abroad to Avoid Paying Taxes...

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

[Voltron87]

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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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best.idea.ever
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.

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[KaneKungFu123]

ive considered paying a brit a fee to let me play on their party accounts. im generating 30k/year in rakeback alone

downsides:

i dont want to live in england.

USA might put in jail if they worked it out.

you can only carry 10K or some amount out of a country. how would customs think about 19 yo with 10k in cash?

the amount im going to win is too large and id be stuck putting it in a safe deposit box.

if i wanted to buy a house or invest or move my money around a bank, it'd be sketchy. i'd be losing alot by not being able to invest.

USA is so overrated. The public schools really drill it into your head that this is the greatest and most free place on earth, like we are the only ones on earth with electricity or something.

what does the US have on canada, australlia, n.zealand, singapore, japan, malayasia, brunei, half a dozen rich middle eastern countries, EU -- besides more crime, baptists, and obese women?

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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.

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[einbert]

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USA is so overrated. The public schools really drill it into your head that this is the greatest and most free place on earth, like we are the only ones on earth with electricity or something.

what does the US have on canada, australlia, n.zealand, singapore, japan, malayasia, brunei, half a dozen rich middle eastern countries, EU -- besides more crime, baptists, and obese women?

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Very true.

[midas]

Kwai-Chang Kane - like your name-sake you should give up all your worldly possessions and walk the earth. Your first stop should be France, they would embrace your infinite wisdom and make you a national hero. Maybe you and Sean Penn can get together and burn your passports together.

[KaneKungFu123]

when i was in highschool everyone would wear our school colors on football gamedays because they were a huge fan of our football team, but if their house was a few blocks down then they'd be wearing different colors and routing for a different football team at a different school.

lets say that texas didnt charge a tax on gambling, yet florida did. would i be a sean penn communist for wanting to live in texas instead of florida?

the usa is a country-state. amazingly, there are other country states around the planet earth. does it make me a bad person or a sean penn communist for believing that a different country-state may better fit my desires?

if sean penn wants to burn his passport, what does it matter to you? why do you care?

again, answer me this: IF I DONT LIVE IN THE UNITED STATES, WHY SHOULD I HAVE TO PAY TAXES TO THE UNITED STATES GOVERNMENT?

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Kwai-Chang Kane - like your name-sake you should give up all your worldly possessions and walk the earth. Your first stop should be France, they would embrace your infinite wisdom and make you a national hero. Maybe you and Sean Penn can get together and burn your passports together.

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[fnord_too]

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again, answer me this: IF I DONT LIVE IN THE UNITED STATES, WHY SHOULD I HAVE TO PAY TAXES TO THE UNITED STATES GOVERNMENT?



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Well, until you change citizenship, to avoid the penalties. (The US is weird, too, about what flies in this regards. Make sure you state your reasons for changing citizenship is other than avoiding taxes, or they will still demand them I think.)

The only other real reasons I can think of are:

When a government invests money in its people, it suffers an up front cost before they become productive. That is, one could argue that you are paying them back for the environment they provided you to grow up in. (This is not quite as BS as it sounds. Sure there are other coutries with comprable amenities, or better ones even, but most of the people in the world are born into worse environments.)

And the real reason... to maintain the option of US citizenship. Even though you may not think it is worth anything, a lot of people (non US citizens) do. Maybe they are onto something. At any rate, 5 or 10 years down the road you may decide that you do want it, and it won't be easy to get back if you ditch it now.

AFAIK, most of the place I would want to raise a family have high tax rates. I certainly would want my tax money going to the country I was living in, though. (Immediately, that is. If it is used for foreign aid to ease the hellish conditions in other parts of the world I have no problem with that.)

Whatever you do, my sincere advice is to plan out your life to the best of your ability before acting. Some good starting questions are:
<ul type="square">[*]Do I want to have children?[*]Where do I want to live (raise my family)?[*]What do I want to accomplish in life?[*]What is my plan for financial security? (i.e. Do I want to play poker for my entire life? Is that even viable?)[*]What are the costs, direct and implied, of pursuing a foreign citizenship?[*]What is the timeline for changing citizenship?[/list]
This is a life decision. Think hard about the details before you make it. (I am NOT advocating switching or not switching, just due dilligence before deciding on a course of action.)

[Nightwish]

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what does the US have on canada, australlia, n.zealand, singapore, japan, malayasia, brunei, half a dozen rich middle eastern countries, EU -- besides more crime, baptists, and obese women?


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This is one of the most retarded things I have ever read.

[KaneKungFu123]

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what does the US have on canada, australlia, n.zealand, singapore, japan, malayasia, brunei, half a dozen rich middle eastern countries, EU -- besides more crime, baptists, and obese women?


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This is one of the most retarded things I have ever read.

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Are you an obese baptist?

[nmt09]

If you're trying to avoid paying tax I wouldn't come to the UK. Although general gambling income is tax free you're still liable to pay tax if you're considered a professional gambler.

I don't know what criteria they use to determine this but it seems to me that a substantial amount of winnings each year would qualify.

Also we pay far more indirect tax on goods and services that our buddies in the US. Over here you'd be lucky to get a half decent house for less than $360,000