|
PureBytes Links
Trading Reference Links
|
Would second the vote for Singapore as a place to live - great place.
Following is one link to liabilities as US citizen if you wish to move
abroad
http://www.davidtanzer.com/articles.asp?ID=9
There are very many such links available if you do a quick google search.
Bottom line is you have to do it very carefully if you want to avoid
continued liability for US taxes. Interestingly from this site, and I have
seen this elsewhere, they state that if you have an income >100k/year or net
worth >500k that it is presumed by the IRS that you are leaving the US for
tax purposes only.
While tax reasons are a very important factor in deciding where to live,
quality of life is becoming much more important in this day and age - and
the US is becoming a much less attractive place to live based on this.
Bob
----- Original Message -----
From: "Alex Matulich" <alex@xxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Wednesday, April 02, 2003 2:34 PM
Subject: Re: taxes
> Jimmy wrote:
> >It's ugly most places you would want to live. Bermuda has no income
> >tax however...
> >
> >http://www.worldwide-tax.com/index.htm#partthree
>
> Income taxes in Singapore are slightly better than the U.S. but they
> have NO personal capital gains tax, so I guess if you make your
> living trading, you pay no tax!
>
> After having visited Singapore a few times, I'd say I'd like to live
> there. Each time I'm there, I think I'm in San Francisco, only with
> just the good parts and none of the bad parts. Everybody speaks
> English (it's the first language for all children) but nobody speaks
> it to each other on the train or bus (just like in San Francisco),
> many signs are bilingual (just like SF), there is lots to do, lots
> to see, lots to eat (food's incredible). Unlike SF, the city is
> clean and there's no crime and prices are cheap.
>
> They've been the most proactive about dealing with SARS too.
> I hope that blows over before my wedding over there in July.
>
> Transparency International's Corruption Index ranks Singapore
> as the least corrupt of all Asian countries, and has an even
> better ranking than the United States, Canada, and the UK.
> http://www.transparency.org/cpi/2002/cpi2002.en.html
>
>
> --
> ,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
> // +__> Director of Research and Development
> // \
> // __) Unicorn Research Corporation -- http://unicorn.us.com
>
>
---
|