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If you are super Rich, Why not just leave the US and have a permanent Vacation?

 
<<FOCUS>>
User ID: 660580
United States
12/10/2012 01:58 PM
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If you are super Rich, Why not just leave the US and have a permanent Vacation?
I mean, seriously. Why would you even want to do business in this country now? Why not sell everything and move to a warm place and live out your days? I know I would.
SlimExponent

User ID: 29562472
United States
12/10/2012 02:04 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
Why do you need to be super rich? People on SS do it all the time.
Anonymous Coward
User ID: 29074430
United States
12/10/2012 02:13 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
MONEY.
The government does everything it can to weasel Your money out of you. They even charge you a fee to leave the US or tax you if you work overseas. The rich take from government not give.
TheCartel

User ID: 11312040
United States
12/10/2012 02:18 PM

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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
Fun fact!
The name Jeep came from the abbreviation used in the army for the "General Purpose" vehicle, G.P.
Thor's Hamster

User ID: 1248699
United States
12/10/2012 02:22 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
Where would you, personally, go?
Apollo astronauts couldn't have passed through Van Allen's Belt. Van Allen wore suspenders.
Anonymous Coward
User ID: 29557962
United Kingdom
12/10/2012 02:23 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
I mean, seriously. Why would you even want to do business in this country now? Why not sell everything and move to a warm place and live out your days? I know I would.
 Quoting: <<FOCUS>> 660580


Lots of wealthy, and not-so-wealthy Americans do this.
Anonymous Coward
User ID: 29554612
Brazil
12/10/2012 02:24 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
I mean, seriously. Why would you even want to do business in this country now? Why not sell everything and move to a warm place and live out your days? I know I would.
 Quoting: <<FOCUS>> 660580


people already left the states many years ago.
Alufiend
User ID: 29349120
United States
12/10/2012 02:24 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
already left, we knew about this 4 years ago
Anonymous Coward
User ID: 29565734
Japan
12/10/2012 02:24 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
I mean, seriously. Why would you even want to do business in this country now? Why not sell everything and move to a warm place and live out your days? I know I would.
 Quoting: <<FOCUS>> 660580


I did. It's awesome.

I spend about 3 months in a country and then move on to another one.
*HEISENBERG*

User ID: 28152425
United States
12/10/2012 02:25 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
I'm not rich....yet, but even when/if I get to that point, I don't know anywhere I would rather be. I mean there are other cool places to visit...but to live, I'd rather be here than anywhere else.
Anonymous Coward
User ID: 29557962
United Kingdom
12/10/2012 02:26 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
The almost unique problem for Americans (it also, theoretically, affects Filipino/na expats, too) is that your government regards you as property, to be milked of your income wherever you may reside.

Almost all other nations tax their citizens based on place of residence.

For example, when I worked in the Middle East, I established non-residency for UK tax purposes, and got to keep everything I earned (there are no personal taxes in most ME countries).

Even if an American decides to renounce his/her citizenship, the IRS still goes after them for 10 years after the renunciation.

damned
Stu
User ID: 28891660
United States
12/10/2012 02:27 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
I would, except the health care is horrible in those warm countries. Personal experience: Rich Cousin moved to Phillippines, married a hot girl half his age, got Dange fever, recovered, then got it again, supposedly from the blood transfusions from the first run, died. I'd rather get screwed by our government then get a fatal disease.
<<FOCUS>> (OP)
User ID: 660580
United States
12/10/2012 02:33 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
The almost unique problem for Americans (it also, theoretically, affects Filipino/na expats, too) is that your government regards you as property, to be milked of your income wherever you may reside.

Almost all other nations tax their citizens based on place of residence.

For example, when I worked in the Middle East, I established non-residency for UK tax purposes, and got to keep everything I earned (there are no personal taxes in most ME countries).

Even if an American decides to renounce his/her citizenship, the IRS still goes after them for 10 years after the renunciation.

damned
 Quoting: Anonymous Coward 29557962


Wow, yeah but if you had like say 20 million in savings sitting there. Why would anyone still keep a company when they could just leave? If you are getting taxed like half of what you make, what's the point?
<<FOCUS>> (OP)
User ID: 660580
United States
12/10/2012 02:35 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
Why do you need to be super rich? People on SS do it all the time.
 Quoting: SlimExponent


Well, i used that thinking about business owners who stay in business even after they are taxed out the ass. I just dont know why anyone would keep a company going here if they already had enough to live comfortably for the rest of their life.
<<FOCUS>> (OP)
User ID: 660580
United States
12/10/2012 02:38 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
Where would you, personally, go?
 Quoting: Thor's Hamster


Fiji, then move around. Not sure i would "live" anywhere. i think I would just rent houses, stay for awhile and then try someplace new.

I love the US, but if i had a business and the Govt was taxing me 50% for what I make, I'd sure as hell just close down before i gave 50% of my profit to the Govt just because i was more successful and worked harder than someone else. That's complete BS
Anonymous Coward (OP)
User ID: 660580
United States
12/10/2012 02:40 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
And "Fair Share"

Think about that for a minute. So poor people vote for someone who wants to tax the shit out of the rich. So the poor are voting to take the rich people's money. Voting for someone who will give them, (Steal for them)money someone else earned.
Maguyver

User ID: 808852
United States
12/10/2012 02:55 PM

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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
If someone is already rich, they aren't suffering. The taxes have already been paid. There is no 'wealth tax'.

Why do you think all those uber-rich folks are hobnobbing with P'BO? Rarely do they have any what we would consider normal taxable income. That's why the tax the rich, class warfare game has those supporters.

The tax-the-rich just keeps new rich people out of the club.

(and there's not enough money there to do squat with the federal budget anyway)

cheers
Adversity is inevitable, misery is optional.

Do or do not. There is no try.

"The enemy will never attack where you are strongest...He will attack where you are weakest. If you do not know your weakest point, be certain, your enemy will." Sun Tzu
Anonymous Coward
User ID: 961432
United States
12/10/2012 02:59 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
I mean, seriously. Why would you even want to do business in this country now? Why not sell everything and move to a warm place and live out your days? I know I would.
 Quoting: <<FOCUS>> 660580


If you had this mentality, my guess is you wouldn't be "super-rich" or as soon as you had enough wealth to live on comfortably, then you would sell out/bug out.

For most elitists its the control and feeling more powerful than others, they need the exposure its part of their identity to feel dominant.
Anonymous Coward
User ID: 14553694
Canada
12/10/2012 03:02 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
The US is the only country in the world that steals tax from you if you have income from anywhere else in the world. Relinquish your citizenship is the ONLY way out
<<FOCUS>> (OP)
User ID: 660580
United States
12/10/2012 03:03 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
I mean, seriously. Why would you even want to do business in this country now? Why not sell everything and move to a warm place and live out your days? I know I would.
 Quoting: <<FOCUS>> 660580


If you had this mentality, my guess is you wouldn't be "super-rich" or as soon as you had enough wealth to live on comfortably, then you would sell out/bug out.

For most elitists its the control and feeling more powerful than others, they need the exposure its part of their identity to feel dominant.
 Quoting: Anonymous Coward 961432


Great point
SlimExponent

User ID: 29638757
United States
12/11/2012 06:06 PM
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Re: If you are super Rich, Why not just leave the US and have a permanent Vacation?
Is there a way to retire from the U.S. to another county and not have to legally pay taxes at all? I do mean legally, I'm too pretty for jail.

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