Citizenship Abroad to Avoid Paying Taxes...

[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.

[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

[jakethebake]

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Over here you'd be lucky to get a half decent house for less than $360,000

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Over here too these days. [img]/images/graemlins/tongue.gif[/img]

[TStoneMBD]

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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.

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well played.

and to all those people in this thread who have insulted KKF because his moral beliefs are different then yours, you really need to shut your pipe and stop judging others. id prefer to have a million KKFs in this country then a million holierthanthous.

[KaneKungFu123]

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Over here you'd be lucky to get a half decent house for less than $360,000

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Over here too these days. [img]/images/graemlins/tongue.gif[/img]

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in miami 360 gets you a duplex in crackton.

[Sponger15SB]

KKF aren't you like 19? Are you SURE you're not going to regret this decision in like 15 years? 30 years?

[nmt09]

I was dreaming the other day and took at look at some internet real estate agents for Vegas and $360,000 buys a lot of house compared to the UK.

Some I was looking at in Vegas for around $725,000 would cost around double that, even more depending on the area for the same type of property but will less land.

The big difference here being a shortage of space so you'll be looking at tiny rooms with a small garden, maybe even none.

--- added ---

I did a search for British tax information on gambling and found this:

UK Tax Info

apparently it is totally tax free even if you're a pro [I stand corrected]

[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.