RIP Gains
Comments
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exactly race... or the sale of a business that you have spent your lifetime creating... this is such bullshit.
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As a response to proposed tax law changes and a bunch of other nonsense going on in this country I came to a point where I felt compelled to examine some potential changes.
Last week I retained a professional to explore a change of domicile.
Turns out I have a lot of company. -
Where would you go that is low tax and also reasonably safe?Blu82 said:As a response to proposed tax law changes and a bunch of other nonsense going on in this country I came to a point where I felt compelled to examine some potential changes.
Last week I retained a professional to explore a change of domicile.
Turns out I have a lot of company. -
Hey now, this is the gentle board. We don’t call each other names. That’s for the TUGgreenblood said:
Algorithmic trading is a fancy phrase for saying "Buy the dip, dumbass"ntxduck said:
Lol. You have no grasp of algorithmic trading and how it works.greenblood said:
Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.ntxduck said:
Back to green today. There are some absolute amateurs on heregreenblood said:It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.
Was a cool board. Too bad poors had to come shit all over the place with their cult nonsense -
That's why I hired a pro.BuffBuffPass said:
Where would you go that is low tax and also reasonably safe?Blu82 said:As a response to proposed tax law changes and a bunch of other nonsense going on in this country I came to a point where I felt compelled to examine some potential changes.
Last week I retained a professional to explore a change of domicile.
Turns out I have a lot of company.
I spend a fair amount of time in Panama. I never explored long-term residency there but I really like it.
The answer may be to live in another state.
What my 20 year old kid does is a big factor.
I don't feel that I know all the questions to ask at this point.
The internet and easy air travel have changed this proposition a great deal. -
Many Central America countries provide easy citizenship with minimal investment... getting out of the us depends on net worth so how you structure you assets turns out to be important
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Transfer net worth to a corporation to get under the minimum
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Yeah, for sure. Growth would take it in the shorts in a bad way.DawgsCanDance said:This is a high price to pay for the attractive liquidity that the equity markets offer, and this proposal materially changes the risk reward relationship for owning securities in a profound way. What this means is that wealthy people will shift their focus to longer cycle assets and income producing assets over time because after tax is the bottom line. Its a terribly short sighted proposal because it will create a liquidity crash, especially in the tech industries and high growth asset markets. This proposal will mean that wealthy individuals will restructure personal assets into corporate assets to create a series of entities that collectively have a lower net tax rate. Fking Dumb.
I'm on team "won't happen". But I've been wrong before. -
Nothing bad has ever happened to a UW grad with money who moved to Central AmericaBlu82 said:
That's why I hired a pro.BuffBuffPass said:
Where would you go that is low tax and also reasonably safe?Blu82 said:As a response to proposed tax law changes and a bunch of other nonsense going on in this country I came to a point where I felt compelled to examine some potential changes.
Last week I retained a professional to explore a change of domicile.
Turns out I have a lot of company.
I spend a fair amount of time in Panama. I never explored long-term residency there but I really like it.
The answer may be to live in another state.
What my 20 year old kid does is a big factor.
I don't feel that I know all the questions to ask at this point.
The internet and easy air travel have changed this proposition a great deal.
https://californiainnocenceproject.org/read-their-stories/jason-puracal/ -
Thankfully, I'm not a UW grad.ntxduck said:
Nothing bad has ever happened to a UW grad with money who moved to Central AmericaBlu82 said:
That's why I hired a pro.BuffBuffPass said:
Where would you go that is low tax and also reasonably safe?Blu82 said:As a response to proposed tax law changes and a bunch of other nonsense going on in this country I came to a point where I felt compelled to examine some potential changes.
Last week I retained a professional to explore a change of domicile.
Turns out I have a lot of company.
I spend a fair amount of time in Panama. I never explored long-term residency there but I really like it.
The answer may be to live in another state.
What my 20 year old kid does is a big factor.
I don't feel that I know all the questions to ask at this point.
The internet and easy air travel have changed this proposition a great deal.
https://californiainnocenceproject.org/read-their-stories/jason-puracal/
I would be worried, otherwise.
