Where would you move if you had a Family?

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Cabarete, DR. Plenty of similar shitholes all over the Caribbean islands. But you can also opt for a private island, or an apartment, on the beach, city, jungle, mountain… there is something for every taste and pocket.
Which Island in thte Caribbean do you personally recommend with low taxes and good for the rest?
 
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Which Island in thte Caribbean do you personally recommend with low taxes and good for the rest?
It depends on your budget and personal preferences. Most of them are fine, from the Caymans (most expensive) to the Dominican Republic (cheapest).
 
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There’s roughly 6 years to get out of the US system before being locked into it.

Why on earth would you encourage moving there?

Around 2028-2032 you have additional debasements and debt increases before the big one “entitlements” start to rear their ugly head.
 
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Exactly!!!!

No idea what you're talking about.
He’s trying to say that the U.S. is the fastest depreciating country and that people are moving out rather than moving in
 
Andorra is similar, and a bit cheaper.
 
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There is no exit tax unless you acquire US citizenship and then renounce it.


Source: The US Exit Tax, or Expatriation Tax, is levied on individuals renouncing their US citizenship or green card. Governed by IRC Section 877A.

PS. I know a LOT of green card holders (i.e. student visa to green card) who have left NEVER to return without even mentioning anything to anyone. They just disappeared into the night. None of them had any issues, but then again, nobody knows. They just fell off the radar!
 
There’s no path from student visa to green card. The only way is from student visa to being exceptionally good at what you do and finding a company willing yo go through the pain with the department of labor of getting you an H1 then a million years later getting a green card. This option is however dead since the Trump presidency. Another option is being some sort of genius who can benefit the country or a top notch athlete who will probably be a world champion and get an EB1. The easiest way is marriage. So your friends might have lied to you lol
 
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The exit tax is not for everyone: only those who had salaries of almost $200k/year in the last 5 years or those who have a net worth of $2M (Expatriation tax | Internal Revenue Service).

Also, the amount to be paid is capital gains with an exclusion amount of $821,000.

In other words, even if you have a 3M portfolio, it might not apply to you if capital gains fall below $821,000.

Even if those people you knew ignored this, the IRS probably checked their numbers and saw they didn't owe anything anyways.
 
There’s no path from student visa to green card
Please refer to my Canons of Interpretations, which I just uploaded to make it easier to interpret my writings. I realize that my rules of using written text are not the same as others, so it's best I publish my rules and let others apply the rules.
Here: jafo

I realize that when I wrote: " (i.e. student visa to green card)" lots of people would have misinterpreted this as "(i.e., student visa CONVERTED to green card)."
I should have foreseen how this would cause confusion to those who are unfamiliar with "Casus omissus pro omisso habendus est." That's NOT what I meant.

The only way is from student visa to being exceptionally good at what you do and finding a company willing yo go through the pain with the department of labor of getting you an H1 then a million years later getting a green card.
This is a very normal anachronistic misunderstanding, but I am referring in my writings to the graduating classes between the years of the early '80s and late '90s, especially the STEM students from the TOP 100 Colleges who graduated with a Cum Laude or above. It is evident from this: How will you invest Today , You have 1 Million Dollar to Invest ? that I was already "an adult" (for conscription purposes) in the early '80s. I don't doubt things are different nowadays. I can only speak of what I personally know from my experience and from what I witnessed.
So your friends might have lied to you
I don't keep such companies. I've ALWAYS followed Charlie's time-tested experience on this:
Even if those people you knew ignored this, the IRS probably checked their numbers and saw they didn't owe anything anyways.


I knew a "few guys" from the old guard in the '80s and '90s (who already passed away ) who NEVER paid a single dime to anyone. I can tell you from going to trial in Federal Court and State courts that NOBODY knows anything unless someone "sings", i.e., an informant carrying the prosecution.

Don't believe me? Even former FBI director Clarence Kelley admitted this to Congress in the early '70s...here it is:


The date:


Source: Kelley Says Watergate Hasn't Hurt F.B.I. Morale (Published 1974)

If you want to laugh some more and be shocked, I recommend watching the 60 Minutes episode on Spies. Jack Barsky's story will make you laugh:


In theory, you could be correct, but in practice, things don't work so smoothly. The agents have qualified immunity. They can claim and do anything they want. That's my point. This is NOT limited to the US, either. As I mentioned here

a long time ago: I've been surrounded by the "law" since I was a small child.

It's easier to denature plutonium than to denature the evil spirit of tax agents. (I adapted Einstein's Theory of Relativity adage that was a footnote in PHY 360).

PS. Nothing I write is "original". I'm merely a "parrot" of other people's (verifiable) thoughts and writings.
 
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This is good, I need to check out my homeland, Vanuatu one of these days
 
Why do you need that if you take your Girl friend with you??
One woman is not enough for a guy like him

I would look into Bulgaria and Portugal or even Switzerland which can be a little expensive with kids.
Yes, Bulgaria is a rational choice if you don't want to spend a fortune and live in Europe. Switzerland is also good if money is not an issue.
 
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