4 ms·
Have you ever went out of your way to optimize for taxes?
We hear a lot about people nowadays fleeing their home country, renouncing citizenship in certain (US) case, and adopting a low-tax jurisdiction.
There are a ton of trade-offs with such a decision, including moral concerns that some people have.
What's your take?
- Terr_ 2y agoThat sounds like richer-people-problems. :p My "tax optimization" is buy-and-hold index funds as opposed to playing the market-casino. (US capital gains tax, short vs long-term.)
- grajaganDev 2y agoI take steps to minimize my tax liability but not life altering approaches like you are listing. I live in a very nice place and have no interest in moving. My taxes are exorbitant but worth it to live here.
- enether 2y agothat's a fair take. I'm curious - do you say that after having strongly considered and researched alternatives?
- grajaganDev 2y agoYes, I have seriously considered moving to a no/low income tax state.