Why you might not want to incorporate in the USA

Re:Why you might not want to incorporate in the USA by beagle3 on Thursday March 13, 2014 @08:30AM (#7391319)

I think that's the most ridiculous thing about it:

Whether you are an American who moved to a treaty country, or a treaty country resident who moved to the US, it is not likely that you'll have to pay a lot of US taxes if at all. (The treaties I am familiar with are quite reasonable). However, unless you are a tax professional yourself, you are going to be "taxed" by a professional to prepare all those papers that you must file.

I know someone who moved to the US, and whose tax filing on one year topped 150 pages of "informational data" despite not having to pay one cent.

I have never met a person who is in any way familiar with the US tax code who thinks it is makes any sense or is reasonable. Only people who never had to really deal with it think so.

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Re:Why you might not want to incorporate in the USA by nitai on Thursday March 13, 2014 @09:11AM (#7391513)

Additionally, the US is one of the few countries that punish their citizens with US tax even when they don't live in the US anymore...

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Re:Why you might not want to incorporate in the USA by STRML on Thursday March 13, 2014 @10:14AM (#7391881)

It is, effectively, the only country in the world that does this. It's shameful.

http://hodgen.com/does-the-united-states-stand-alone/

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Re:Why you might not want to incorporate in the USA by nitai on Thursday March 13, 2014 @10:25AM (#7391957)

Wow... I really like the US, but these draconian laws make it difficult to justify moving there. Of course, if you grow up like this and don't know better...

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Re:Why you might not want to incorporate in the USA by pavel_lishin on Thursday March 13, 2014 @03:00PM (#7394025)

> Of course, if you grow up like this and don't know better...

Also, if you don't plan on moving out of the country, which the majority of Americans (and probably citizens of most countries) don't.

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Re:Why you might not want to incorporate in the USA by sosborn on Thursday March 13, 2014 @07:05PM (#7395774)

To be fair, the earned income tax exemption is sufficiently large enough that you will be making six figures before you have to pay a penny in U.S. tax. You still have to file though.

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Re:Why you might not want to incorporate in the USA by sschueller on Thursday March 13, 2014 @12:49PM (#7392986)

Wasn't part of the reason people wanted independence from the British to avoid paying the king's taxes?

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Re:Why you might not want to incorporate in the USA by beagle3 on Thursday March 13, 2014 @03:08PM (#7394109)

They refused to pay without representation. But US expats can actually vote from abroad.

(Not that the votes seem to matter - you get to choose which faction of the military-industrial faction gets a salary this year, but not anything of consequence)

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