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Fleeing California Taxes? Get In Line (Leaving is not that easy)
Forbes ^ | 01/16/2013 | Robert W. Wood

Posted on 01/21/2013 7:24:08 PM PST by SeekAndFind

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To: Neidermeyer

Any thoughts about Baguio City if you like a somewhat cooler climate?


51 posted on 01/22/2013 4:56:22 AM PST by Truth29
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To: SeekAndFind

Does anyone here have an agenda by which one could sell everything they own, cash in all investments and get the hell out of this nation?

The Caymans would be a good destination. No taxes of any kind!


52 posted on 01/22/2013 5:24:39 AM PST by IbJensen (Liberals are like Slinkies, good for nothing, but you smile as you push them down the stairs.)
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To: IbJensen

RE: Does anyone here have an agenda by which one could sell everything they own, cash in all investments and get the hell out of this nation?

The Caymans would be a good destination. No taxes of any kind!

______________________

Not sure if this helps you in any way. The Cayman’s won’t tax you, but the US will.

If you hold an American passport and live in the Cayman’s, any income you derive from the Cayman’s is STILL SUBJECT TO TAXES in the US by our tax laws.

Unless our tax laws are repealed, there is no escape for the American citizen.


53 posted on 01/22/2013 6:32:38 AM PST by SeekAndFind
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To: Truth29

RE: Any thoughts about Baguio City if you like a somewhat cooler climate?

I’ve been there many times. You have to go through a spiraling highway to the mountain top (5000 feet above sea level) to reach the city.

It is the vacation destination of choice for many to escape the hot summer months.

CAVEAT: They suffered a huge earthquake in 1990 ( not trying to scare you but, hey, you’ll never know ).


54 posted on 01/22/2013 6:36:22 AM PST by SeekAndFind
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To: max americana

Yes but.....they have balut and truly fantastic mangos also San Miguel Beer.

I lived in San Miguel village years ago and worked on Ayala Avenue


55 posted on 01/22/2013 6:40:34 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: max americana

Yes but.....they have balut and truly fantastic mangos also San Miguel Beer.

I lived in San Miguel village years ago and worked on Ayala Avenue


56 posted on 01/22/2013 6:40:51 AM PST by bert ((K.E. N.P. N.C. +12 .....The fairest Deduction to be reduced is the Standard Deduction)
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To: Orange1998

RE: But Apple, Cisco, Cat and other corporations can keep money earned overseas out of the states and avoid all taxes. How can this be possible.

Because they are CORPORATIONS, not individuals. Their money is subject to taxes only when they repatriate them back to the USA.

This is what makes our Federal tax system so convoluted. We are spending so much money and resources on expanding the port of the IRS to investigate the income of Americans and permanent residents worldwide.

I wonder — what makes this any different from an oppressive, big brother country like the USSR?


57 posted on 01/22/2013 6:42:59 AM PST by SeekAndFind
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To: A Navy Vet

RE: Yes, the Fedgov attempts to tax your income/profits while living out country as a USA citizen, but again, think off-shore accounts.

Let’s talk about offshore accounts then.

There used to be a time when Switzerland was considered the safest, most secure, most secret offshore account one can ever have. Even the Nazis placed their money in Swiss accounts.

Guess what happened in 2008? The IRS, using the might of the United States of America, DEMANDED that the Swiss Banks REVEAL the names and accounts of EVERY AMERICAN with money in Swiss banks.

The Swiss at first, refused to comply and fought it. Guess what America did? They threatened the businesses of Swiss banks doing business in America — UBS, Credit Suisse, etc.

Eventually, the Swiss capitulated. That happened I think in 2009. Thousands of American account holders were revealed to the IRS and employees of UBS and other Swiss banks were prosecuted for helping Americans move their money to secret Swiss bank accounts.

Read all about it here:

http://www.panamalaw.org/UBS_closing_accounts_of_americans.html#

and here:

http://www.time.com/time/business/article/0,8599,1917648,00.html

UBS is the biggest IRS culrpit because of their huge presence in the USA, but that’s just a start.

Suffice it to say that if you are an American and you have substantial amount of money overseas and you don’t want the IRS to go snooping on it, SWITZERLAND IS NOT THE PLACE TO GO TO ANYMORE.


58 posted on 01/22/2013 6:53:16 AM PST by SeekAndFind
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To: Truth29

Baguio City ; never been there ,, did some quick reading and it sounds rather nice ... I would suggest visiting an area for a solid month before deciding.. Davao/Cebu/CDO would be the ones I would investigate/visit.. I have duplexes in CDO City .. it’s my favorite.


59 posted on 01/22/2013 1:46:11 PM PST by Neidermeyer
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To: IbJensen
The Caymans would be a good destination. No taxes of any kind!

Thanks to the British the Caribbean is 80% Obama relatives. You will be taxed other ways.

60 posted on 01/22/2013 5:14:01 PM PST by Reeses
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To: Neidermeyer

LOL, thanks bud, I’ll remember that. My sis-in-law is from Pampanga BTW and my bro were married at Plantation Bay, Cebu. Nowadays, if you ever call AT&T, Paypal, Verizon or Dell, their call centers are in Cebu.


61 posted on 01/22/2013 6:56:53 PM PST by max americana (Make the world a better place by punching a liberal in the face)
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To: RobertClark

they need to divide california into LA with San Fran and everything else...


62 posted on 01/22/2013 7:01:08 PM PST by rolling_stone
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To: bert

“Yes but.....they have balut and truly fantastic mangos also San Miguel Beer”

(drooling). Remembered my new in-laws waking me up to wait for the taho’ dude to walk by in the mornings, I missed that drink. Also I got addicted to fishballs you find almost everywhere there. Of course, we’re awake during night there so they would bring me to these ‘24 hour pares’ eateries.

But one thing I can’t believe is the way they break the laws in driving LOL. I swear they are driving by each other within inches


63 posted on 01/22/2013 7:02:45 PM PST by max americana (Make the world a better place by punching a liberal in the face)
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To: max americana

I’m familiar with that ... I used to handle the IP networks for Dell CustServ when Convergys had the contract and their call centers were in FL and Utah... I use Vonage and their custserv is in Metro Manila. Lexmark also has a large inkjet and laser cartridge manufacturing facility in Cebu, opened around 2003.


64 posted on 01/22/2013 9:09:02 PM PST by Neidermeyer
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