I just saw a video where someone said that it is great for income verification with banks to sign up for adp services. Wouldn’t that trigger income taxes in the states then?
I am a US citizen. My main source is trading (stock, option, future, and forex). What's the best way to reduce capital gain? Get 2nd citizen off the country that pay very little tax and setup business account?
best way to reduce capital gain? well if harris gets in office, make sure you make less than 1 million a year otherwise your rate is going up to 28% but i don't think there is any way around on paying for unrealized capital gains she's talking about which is a crock of sheet. From what he said, it sounds like the most beneficial plan is to renounce us citizenship and set up a LLC in the usa to trade us stocks
The island of Saipan has an interesting tax scheme where they credit you for taxes paid on the federal level. So if someone set up an LLC based in saipan maybe there are some tax benefits for businesses too? If a digital nomad wanted to get as far away from the usa as you can but still use the us post office, usa banking, usa address and no language barrier, saipan would be where i'de pick. Rent is cheap and there are direct flights to major asian cities
your video is missing the link cards, but it was still helpful
I just saw a video where someone said that it is great for income verification with banks to sign up for adp services. Wouldn’t that trigger income taxes in the states then?
I am a US citizen. My main source is trading (stock, option, future, and forex). What's the best way to reduce capital gain? Get 2nd citizen off the country that pay very little tax and setup business account?
best way to reduce capital gain? well if harris gets in office, make sure you make less than 1 million a year otherwise your rate is going up to 28% but i don't think there is any way around on paying for unrealized capital gains she's talking about which is a crock of sheet. From what he said, it sounds like the most beneficial plan is to renounce us citizenship and set up a LLC in the usa to trade us stocks
The island of Saipan has an interesting tax scheme where they credit you for taxes paid on the federal level. So if someone set up an LLC based in saipan maybe there are some tax benefits for businesses too? If a digital nomad wanted to get as far away from the usa as you can but still use the us post office, usa banking, usa address and no language barrier, saipan would be where i'de pick. Rent is cheap and there are direct flights to major asian cities
As a Us citizen you will pay taxes no matter where you are.
he smiled when talking about us citizens setting up S corporations so there must be some loopholes but is it worth the trouble of the extra reporting?