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I did. Virgin Islands (U.S.). Paid 4% in taxes and saved over $800k in taxes over 2 years. Others are doing the same via Puerto Rico. I’m lucky in that I got ou

• ihsw2 9y ago
  Exactly. The cost to move off-shore is only getting lower and its knowledge becoming more wide-spread -- what this means is you no longer require "high" net-worth to access these "special" services.
  • chiefalchemist 9y ago
    True. But it I think it misses the root crux of the issue. That is, you can now leave the USA and enjoy the same (read: close enough) "amenities" for a lower personal investment. That said, it might not be a brain drain per se but without infrastructure the mighty machine for printing money (often refereed to at the USA) becomes less and less effective. C'est Le Capitalism, isn't it? Money first, all else - including country - a distance second.
• itsdrewmiller 9y ago
  Do you disagree with the point of the article (that in general rich flight isn’t significant) or are just sharing a personal anecdote?
• heurist 9y ago
  4% is well below the effective rate that the wealthy in this country currently pay and are likely to ever pay (legally). Would you have stayed if your effective tax rate were 5% lower than whatever you were paying when you decided to move?
• vgrocha 9y ago
  Did you do it by yourself or through some company?