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A Thousand Dollar Gold Today
Rich:
As a sailor you are more free than most to leave the good ol' US of A. Just be careful the country to which you flee. I took the time to look up the tax rates around the world. On www.worldwide-tax.com/ I found that of 59 countries represented, 35 had income tax rates the same or higher than in the US. Some were as high as 59% (Denmark). Another 45 countries had a VAT (value added tax - i.e. sales tax) higher than the 0 - 10.25 US VAT charged in the US (set variously by local and state governments), some as high as 25% (Brazil, Denmark, Sweden). The countries with the lowest income taxes most often had the highest VAT's (you can pay me now or pay me later). When you go, your best choices: Bulgaria (10% income but 20% VAT), Czech. Republic (15% income but 19% VAT), Monaco (0% but 19.6 VAT - good marinas to slip your boat but costly), Montenegro (15% income but 17% VAT), Romania (16% income but 19% VAT), Russia (13% income but 18% VAT), Saudi Arabia (20% income and 0% VAT - a winner if you can stand the heat), Serbia (10/14% income but 18% VAT), Singapore (3.75 - 21% income and 5% VAT - don't litter), Slovakia (19% income but 19% VAT) and finally, the ever popular Ukraine (15% income but 20% VAT). So many choices . . . so little time until next November. Drop me a postcard from when you wind up. Gregg Dennhardt yes well, if you've been listening carefully to the current 'three stooges' running for US president .... and if all the healthcare BS is included. If you look to the fact the current US healthcare is running 16-18% of GNP, and if the 3 stooges get their way .... the average 'middle class' taxpayer @ 28% averaged income tax bite will soon be 'enjoying' 28% + 16% = 44% in income taxes. So we'll all need a bigger wheelbarrow .... just to pay the damn income taxes. Im looking to flee to another country. My ancestors came to the US looking for economic, etc. freedom. I don't think they'd consider the US if they were immigrating today. |
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