Moving to Aruba/Cancun/Australia tax/residency questions

[LImitPlayer]

Well jeez I would have but since you came on here asking for opinions, I gave one. Not my fault you didn't like it.

I don't remember seeing anything along the lines of "don't post If you think I won't like the answer"

It's ok, I don't feel like getting into a pissing match with some 22 year old who's main thing in life is poker. Judging from past posts of yours, you are talented in the poker field but are lacking in other areas of life.


It's a shame you can't take criticsism.

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the purpose of this thread was to ask about how to obtain permanent residence in a foreign country and what the tax rates are in those countries

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Again, don't be so cheap and get the correct answer from a proffesional who knows the answer.

If i had a question about poker I wonder if I would get reliable and correct info If i posted on a porn forum.
And then of course I would act on it without getting proffesional advice because they must be right.

But if I was getting proffesional and correct advice to begin with why would I bother posting on an internet forum?

Microbob made a point that there will be some posters who will know what they are talking about but there is no way for you to know who is correct unless you know what you were taling about, in which case you wouldn't have asked the questions in the 1st place.

edit-actually after reading the tone of my post I guess I don't have anything better to do then get into a pissing match at the moment

[AASooted]

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i really dont want this to turn into a tax credit question. the purpose of this thread was to ask about how to obtain permanent residence in a foreign country and what the tax rates are in those countries.

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For Australia, you can start with their immigration page.

[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.

[daryn]

nightwish...

didn't you scam inthacup once?

[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.

[KaneKungFu123]

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If I'm filing a Schedule C as a self-employed, is my income not earned income regardless?

I thought about moving to Aruba, Mexico, Costa Rica, or Europe in a year or two to experience life in another country and get an awesome $80k tax-free bonus.

Sure, you still owe taxes after the $80k, but if you move to a country where internet gambling isn't taxed, you aren't paying them any taxes either. The savings plus decreased cost of living is huge.

Let me know what you find out as I'm seriously considering doing this after I spend some time living in Vegas.

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The more money you make, the less big a deal the 80K exemption becomes because you cant deduct half of your SE tax anymore. But its still a break nonetheless.

who cares if mexico taxes gambling earnings, how will they ever find out you are plaiyng poker in your apartment?

[MicroBob]

Yes...I have also been hearing this.

I hadn't seen anyone post on that specific idea until just a few months ago...after there had been about 9-zillion posts about the $80k-exception.


It's possible that there's some difference in there for schedule-C professional gamblers and recreational gamblers.

I honestly have no freaking clue on that whole bit about gambling-income being outside the exception.

I do know that Hilger mentioned that you get the $80k exception in his book...and I think he did this for himself as well.

[Nightwish]

I'm not an authority on gambling taxes, so it's very possible that I'm misinterpreting the tax code. However, I also would not use a poker book as my source for tax information (no offense to Hilger).

[kenberman]

have you been to Aruba? do you have family there?

I couldn't imagine spending any prolonged amount of time there - it's not very interesting.

[bugstud]

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have you been to Aruba? do you have family there?

I couldn't imagine spending any prolonged amount of time there - it's not very interesting.

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the beaches are solid, I had a blast there for wpt