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LinkedInI 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…
January 27, 2010 By 9 Comments
The Perverse Tax System in the US
January 14, 2010 By 3 Comments
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
January 8, 2010 By 9 Comments
2 ways to move assets offshore without reporting – pt 1
January 7, 2010 By 1 Comment
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 [...]
Currency controls – Part 2
December 30, 2009 By 7 Comments
In the future, we may be restricted from wire transfers, cash transactions, owned foreign businesses, or many other controls policymakers can conjure up. There is already discussion about any transfer of funds over $1,000,000 requiring approval from the US Treasury Department. What if they decide to block your transfer of funds? A more serious threat [...]
US citizens need to prepare for currency controls – Part 1
December 29, 2009 By 7 Comments
We need 250 politicians like this
December 18, 2009 By Leave a Comment
The war on offshore rages on
December 16, 2009 By 4 Comments
Last week the US House of Representatives passed a bill that contained the “Foreign Account Tax Compliance Act”. This act was passed without a hearing or without any chance for opposition to be heard. You can view the entire bill here. Below are the highlights of the bill: Impose a 30% withholding tax on payments [...]
US Senate sends budget increase to the White House
December 13, 2009 By Leave a Comment
According to this article that appeared today in the Yahoo Finance pages, the Senate has approved a $1.1T spending bill that includes big increases in many government programs including health, education, law enforcement, and veterans’ programs. Apparently our policymakers don’t understand basic economics. What would happen in your business or household if you continued to spend [...]
