Tax on equity trades could destroy financial markets
After reading this recent piece on Bloomberg, I was utterly disgusted. I just don’t understand how our policy makers can continue to pursue such terrible decisions. Certainly the country is still in financial turmoil and there is a need to raise funds to support the budgets, but this tax on equity trades may very well […]
State of the Union – protect your assets now
I am currently living outside of the US, 7 hours ahead of the east coast so I watched Obama’s State of the Union speech this morning on youtube. I considered staying up until 4am last night just to watch it because his speeches, whether you agree with them or not, have significant impact on the […]
How to defer income taxes indefinetely…
I know that headline is a bold statement, but I have been researching this for quite a while and there is a way for US citizens to defer income taxes on business income. While this program is certainly not for everyone, for those of you that meet all the requirements, this can be huge. Let […]
The Perverse Tax System in the US
In the US, you have the highest corporate tax rate in the world, one of the highest progressive personal tax rates, tax on your savings, tax on your dividends (after they have already been taxed!!!), and tax on every other productive activity I can think of. Here in Estonia, there is no corporate tax, 21% […]
2 ways to move assets offshore without reporting – pt 2
As I mentioned in my previous post, there are two ways. The other is holding precious metals in an offshore vault. Gold has historically been a consistent use of money and will continue to be used that way long after we are gone. Paper money no longer has any value and is only guaranteed by […]
2 ways to move assets offshore without reporting – pt 1
There are only two ways to move assets offshore for US citizens without having to report them to the IRS; real estate and precious metals. Now keep in mind that all US citizens and residents are required to report any worldwide income regardless of where you live. So if you were thinking about buying that […]
