4 ms·
1. Buy passport (optionally for the whole family) in zero tax jurisdiction, like Antigua and Barduda or St.Kitts. Zero income tax, zero capital gains tax, zero
by Trias11 5y ago
1.
Buy passport (optionally for the whole family) in zero tax jurisdiction, like Antigua and Barduda or St.Kitts.
Zero income tax, zero capital gains tax, zero nonsense.
Total cost for citizenship and passports including all fees for family of 4 is around $175-180k in Antigua. Add ~$20k for St.Kitts.
Vanuatu is cheaper than above but it's kinda weird passport.
Passports in ~8 months.
2.
Get rid of US Citizenship or US residency for tax purposes. This is no more than IRS trap.
3.
Breathe deeply.
- akudha 5y agoHow powerful are these passports for travel?
- Trias11 5y agoAntigua, visa-free travels to 131 countries St. Kitts - 133 countries. Google for exact, up to dated list.
- pentae 5y agoSounds good on paper, but you missed a small detail that people renouncing might want to consider: You can no longer live in the US. You will need to apply for a US visa to get back into the US to visit friends and family, and you may get rejected as the issuing officer may see that you recently renounced citizenship and considers you a risk of overstaying illegally.
- Trias11 5y agoYou'd save so much in taxes that you can buy your family first class tickets to visit you. Getting rid of racket forcing you to spend half of your hard earned money to buy taxes from wasteful government is worth the attendance.
- JimTheMan 5y agoRenouncing your citizenship is not something to do lightly. Assuming you are in the US, it is an irrevocable act.
- tim333 5y agoThere are benefits to being in the US though. There's a reason thousands of ambitious people move there.
- Trias11 5y agoIt's a math + value of freedoms really. I don't mind paying high taxes for high opportunity. But I DO mind when I have to sell my lifetime freedom as well. US wants citizens to pay taxes to US even if they don't live or work in US. This is BS.