Moving to Aruba/Cancun/Australia tax/residency questions

[Nightwish]

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nightwish...

didn't you scam inthacup once?

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You know, I remember you accusing me of something similar once before, and I already told you I don't know what you're talking about. So unless you have some evidence to back up your accusations, I'd going to politely ask you to STFU.

Oh, and if this is a joke, it's not funny.

[Mr_J]

Aussies tax rate is higher than in the states, but if you're a pro gambler you don't have to pay tax. [img]/images/graemlins/grin.gif[/img]

[Mr_J]

The beaches are fine, and yeh it's a big country. We all have 30 acre blocks and ride kangaroos to work.

[TStoneMBD]

also ive heard that countries dont want professional gamblers to become citizens in their countries, or they make it hard for you. i thought that made sense but now i dont think it does. im generating my income from online and taking money out of foreign economies and putting it into my new country's economy. it seems like that they would love somebody who is doing that and would be glad to have you permanently live in their country.

am i missing something?

[bills217]

Is renouncing your US citizenship to avoid paying US income taxes altogether a thought? The sacrifice would be huge, but so would the savings...and for some, the sacrifice might not be all that big (friends/family living elsewhere, etc).

Does anybody know of anyone who's done this?

[Wake up CALL]

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Is renouncing your US citizenship to avoid paying US income taxes altogether a thought? The sacrifice would be huge, but so would the savings...and for some, the sacrifice might not be all that big (friends/family living elsewhere, etc).

Does anybody know of anyone who's done this?

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Yes, and you still have a ten year US tax obligation if the IRS determines that a contributing factor to your decision of denouncing your citizenship was to avoid taxes. You still lose.

[bills217]

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you still have a ten year US tax obligation if the IRS determines that a contributing factor to your decision of denouncing your citizenship was to avoid taxes. You still lose.

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They would enforce this how?

This is justifiable how?

That just seems plain wrong. (Not wrong in that your information is incorrect, WakeUpCall, but morally wrong that the US gov't could lawfully bind you to pay taxes for 10 years when you're not a citizen and don't even reside in the US. I'd love to hear any kind of justification for this.)

[TStoneMBD]

yes its wrong. its stupid. but this isnt the thread for discussion on that. if you renounce your citizenship you will probably never be allowed to enter the country again from what i understand. i dont think i want to commit myself to living outside the country forever at such a young age and never being able to return again considering i have family here.

[bills217]

Sorry for the hijack...it's easy to get sidetracked in these long threads...I have a lot of the same questions as you TStone...I'd love to go to Aruba for a while and play poker and drink Pina Coladas on the beach. [img]/images/graemlins/smile.gif[/img]

[Punker]

Costa Rica Residency

Here's a good link regarding Costa Rica residency.

Your best bet is probably Rentista status if you can swing the financial requirements.

No taxes on gambling winnings as far as anyone I've ever met or played with down here.