IS IT POSSIBLE TO GET YOUR TAX RATE TO ZERO?
Would you like me to help you obtain that goal?
I have helped many people for over 35 years in avoiding high taxes.
This can be done more efficiently by you moving overseas, getting a second residency and/or a second passport if needed, and by setting up an Offshore Corporation.
We started onshore in 1983 and then eventually went offshore. Offshore is better because you have more leverage in lowering your overall taxes.
Would you like me to show you how to legally avoid all income taxes, capital gains taxes, dividend taxes, corporate income taxes, Social Security taxes, Medicare taxes, interest income taxes, inheritance taxes, estate taxes, VAT, sales taxes, stamp duties and live in a paradise country that has great weather year- round?
I can show you how to do it legally if you are willing to relocate and stay out of your home country a certain amount of time each year.
If you are a U.S. Citizen you would need to get a second passport and relinquish your U.S. Citizenship to avoid all of the above taxes ,but you could still avoid a lot of taxes by just moving abroad and being out of the USA a certain amount of time each year qualifying for the Foreign Earned Income exclusion still keeping your U.S. passport and not having to get a second passport and never having to relinquish your U.S. Citizenship.
There is another option that can reduce your overall tax bill and that would be by you and your company moving permanently to any of the nine states in the USA that presently do not have a state income tax or to Puerto Rico that not only does not have a state income tax but a lower federal tax rate than the USA since it is not actually a state of the USA.
The problem with Puerto Rico is the restrictions on the amount of days you have to be in Puerto Rico each year to get the lower Federal Rate and the IRS is cracking down on this real hard. The IRS will look at the times you entered and exited Puerto Rico to see if you have complied.
The lower federal tax rate in Puerto Rico has only to do with what is paid out to the corporation, not yourself, and Puerto Rico is now desperately wanting to become a state of the USA and if that happens the lower federal tax rate goes out the window and becomes the federal rate of the USA.
You also would not be able to avoid the Medicare and Social Security Tax.
By qualifying for the Foreign Earned Income credit there is an exclusion on you and your wife’s income up to a limit if she works in her own business or works in your business with no federal tax rate at all up to that credit limit plus overseas living deductions [this limit goes up each year] and of course no state tax.
You can also set up a foreign offshore corporation that pays you and your wife’s salary and no required payments to the IRS in the USA for the Medicare and Social Security tax because foreign corporations do not have to pay these taxes. This would be if the Foreign Earned Income credit was qualified for and the Form 2555 is filed with the IRS.
Whatever you pay in a state income tax can be taken as a deduction off your federal taxes but keep in mind that almost all states that do not have a state income tax will usually hit you either on high sales taxes or ridiculous property taxes or both as compared to the state that has an income tax.
Texas for instance does not have a state income tax but does have an overall average property tax rate of around 2.18% which is very high.
As Kiplinger stated:
“If seeing your state take a bite out of your paycheck (on top of whatever the federal government withholds) really grinds your gears, then consider moving yourself to one of these nine states. Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming have no income tax – for any residents.
Be advised, though, that states still have to find money to pay for roads, schools and more, so other taxes may be higher. Texas, for example, has some of the highest property taxes in the U.S., and Tennessee, the second-highest average sales tax. In addition, New Hampshire and Tennessee tax some dividends and interest, although Tennessee plans to phase out its tax by 2021.”
Also, if you relocate your business I would not do so unless you are really hitting a homerun because you also have to take in consideration if your business moves how is this move going to affect your production income wise as far as your clients and loss of momentum. That figure has to be considered to.
THAT IS WHY I SAY IF YOU ARE GOING TO RELOCATE TO ANOTHER STATE WHY NOT JUST MOVE OUTSIDE THE USA AND GET YOUR TAXES TO POSSIBLY ZERO OR EVEN BETTER YET RELINQUISH WHEREBY THERE IS AN UNLIMITED CREDIT ON WHAT YOU MAKE BECAUSE YOU ARE NOT AT THE WHIMS OF THE IRS IN THE USA ANYMORE AND RULES SET UP FOR THE FOREIGN EARNED INCOME CREDIT WILL NOT APPLY ANYMORE.
The IRS in the USA has actually considered getting rid of the Foreign Earned Income credit.
“Tom Norfleet helped me and my wife get our taxes from 45% to almost zero which I thought was impossible until I did it.” H. Masterson, USA.
“One thing I really liked about working with Citizenship Quickly-AAA Real Estate is Tom Norfleet personally got involved in coaching me and he was very generous in his time and the money was well worth what we paid considering I was paying a ton of money in taxes each year and now it is close to zero.” J. Feldman, Australia.
If you hate socialism and feel like you are paying too much in taxes and you have lost some or all of your desire to work anymore because you have to work until May or June each year before you start to make any money because of high taxes, I have some great news. We will show you how to solve that problem.
Most people are looking for the cheapest thing out there whether it be the cheapest offshore corporation, cheapest second passport, cheapest second residency, cheapest discount broker or cheapest service provider to set up a bank account to buy equities, and best place to buy property and then they never make a move to do anything or they will just start the process half way and then quit which has just costed that person tons of money in lost time and fees on entities he never implemented.
Then instead of making a move on getting something done he will just pay another ridiculous income tax bill all over again which was a lot higher than putting his tax plan into action and paying for professional help that would forever solve his high tax problem.
I hear people all the time say that they are ambitious and they get things done and then they don’t do anything.
Need a lot more details?