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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: prometheus1976 who wrote (105844)	10/20/2009 4:36:06 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 110194

Well trying to get out of all of your tax liabilities until you have to come back for your mother or fathers funural is a ticket to jail. regards Z

To: prometheus1976 who wrote (105844)	10/21/2009 12:30:13 AM
From: RJA_	Read Replies (1) \| Respond to of 110194

Switzerland will be kinder to you tax wise, I think around 35%, however, they do/did have a deal where the tax is based on a percentage of your rent, and if you elect that, no need to file an income tax return or provide income information. Re the US: I am not clear on the latest road blocks, but I do know that your qualified plans will become immediately taxable in full when you expatriate. They used to also be able to look at and tax your income for the next 10 years if your asset base 2 million or more. Not sure if this is still in effect. I would be interested in knowing the fine points of current law. If you can afford it, and have an income flow, get out. Last time I looked, Swiss required a minimum income of SF89k/anum to become a resident alien. Good luck. Also: Things can be a bit pricey over there, check local living costs/RE costs before taking plunge. You may be limited in your ability to spend time in US once you expatriate. Norway is my favorite place (if you don't mind the winters), but in addition to income taxes that are rather steep, and incredible duties on car purchases and drivers licenses and of course, petrol, (and high wages, leading to high local prices) there is a 2% annual net worth tax. Last time I visited (about 2 years ago) their minimum wage was USD $23/hr... with prices commensurate. Great fun. The payoff for me, was that with everybody making a decent wage, and health care picked up by the state, most folks seemed pretty happy, and were happy in their work, and their dealings with good old touristy me. Very pleasant.