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Old 11-03-2010, 10:10 AM  
wig
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Join Date: Feb 2002
Location: Panama
Posts: 708
Quote:
Originally Posted by BlackCrayon View Post
if the only issue you care about is taxes, then move to a country where there is none.
Maybe you don't know this, but the USA taxes its' citizens regardless of where they live.

The only out is if you turn in your passport and renounce your citizenship.

Even then, if the IRS determines that you did this to avoid paying income taxes, they will still tax you for 10 years.

On top of that, there is an exit tax on certain assets that are moved offshore.
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