It is not my expertise. If you are a U.S. citizen you are normally trapped. We have a global tax system that requires you to pay Federal Taxes regardless of where you work.

If you are not a U.S. citizen, then you have tons of options.

I bet you can escape U.S. taxes. I'll try to do some research when I get back to the U.S. tomorrow.

I have an offshore account you can send it to and avoid taxes. PM me all your info and l will get you the account number.

Does anyone have any experience with international finance? Particularly IBCs and offshore banking?

My passports reflect I wasn't born in US. I've been reviewing the FATCA regs and I think its possible to avoid estate tax issues and maximize retirement vehicles. Any advice or someone I can talk to via pm?


Disclaimer: I am not a cop, IRS agent or snitch.

I read through pub 559. The 2017 estate tax does not start until $5.49m in wealth. No where could I find info on Toxic's situation. It seems like the IRS views U.S. based assets for resident aliens like it views citizen's assets, that is taxable. But he is a dual citizen, and he may have protection under certain tax treaties.

Way beyond my experience. I am genuinely interested in the right answer. I'll search more when I get home.

And yes, the IRS takes a very expansive view of income. If they didn't, people would just shift their income to whatever method is untaxed.

5.49 million. And yet MANY are attempting to convince the nation that the threshold for the "death tax" should be significantly raised, if not eliminated to benefit the lower what, 90%?

I know you're responding in jest. In any case, FACTA has shut down most of the offshore hiding of money. Sure you can do flat out illegal stuff, but most international banks are reporting your earnings to the IRS now.

When the wealth is equity in a company that you built/own then yes it most certainly should be raised. It really punishes entrepreneurs, farmers (as the land value counts towards it, and those who invest in real estate.

So as a society we should value having smart/successful relatives over hard work?

Someone has only visited the "farm" at Lincoln Park Zoo.

If you don't think that farming is hard work, I can get you a gig for 30 days or so doing it.

Many proprietors are still the hired help.

Not as many as there should be.

True, but the unwillingness of younger generations to take over family farms is being solved as you pointed out, by corporations.

My estate isn't worth 5.4 million at this point but I'm still 3p years away from retirement and or death. I was just interested in getting into some international property and I know for some countries you either have to be a citizen or an international business corporation.

Avoiding getting taxed out the ass on capital gains is a secondary concern.