Anyone Here Subscribe To Sovereign Man?

Fiver

Fiver

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Jan 30, 2009
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This is the only newsletter I get that I read consistently every morning. His comments on what's going on with the world and theories on smart investments always pique my interest.

I was wondering if anyone here has ever subscribed to his premium plan and if they thought it was worth it.
 


Haven't subscribed to the premium plan, but I also enjoy his content, and I enjoy noticing marketing techniques.
 
I read the newsletter, but he's very often pushing questionable stuff to pay the bills. So double-check everything before doing anything serious (like you always do anyway).
 
I have the premium service. I like it. It's not quite as alarmist as the standard email, and is more actionable.
 
BigWill said:
I almost pulled the trigger on gats gulch before I realized I could just by land in the area for MUCH cheaper.

Been a subscriber for many years
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I think Galt's Gulch includes a gringo tax, probably like Doug Casey's Argentina project.

Have you bought any property there? I think Chile is the only country in SA that really works thanks to Pinochet. The only problem I have is with their tax system. I prefer Paraguay's tax system. No tax on foreign earned income and their income tax is only 10%. The same with their corporate tax.
 
charlesmartel said:
Has he ever mentioned that Chile taxes worldwide income for residents after 3 years?

THE CHILEAN INCOME TAX SYSTEM
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It's always the same thing.

All countries require you to stay in for 6 months and 1 day out of the year to be considered resident and taxable for that year.

Spend 5 months and 30 days there and you'll be fine. Spend the rest traveling somewhere else and visiting your home country. PT lifestyle amigos!
 
^^^ Chile is different. From here: THE CHILEAN INCOME TAX SYSTEM


THE CHILEAN INCOME TAX SYSTEM
I. INTRODUCTION

1. General principle

Persons resident or domiciled in Chile are subject to income tax on their world-wide income.

However an individual taking up domicile or residency in Chile is taxed only on Chilean source income for the first 3 years, on application this may be extended.

Persons without domicile nor residency in Chile are taxed on their Chilean source income.

A person is deemed to be domiciled or resident in Chile if:

It may be assumed from the activities that he/she wishes to stay in the country on a permanent basis (domicile).

If he/she spends more than six months in the country in a given calendar year or over a period of two years (resident).
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avatar33 said:
It's always the same thing.

All countries require you to stay in for 6 months and 1 day out of the year to be considered resident and taxable for that year.

Spend 5 months and 30 days there and you'll be fine. Spend the rest traveling somewhere else and visiting your home country. PT lifestyle amigos!
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Does that include the US too? I thought you were always subject to "double taxation", even if you were a US citizen but lived somewhere else for more than 6 months out of the year.
 
Fiver said:
Does that include the US too? I thought you were always subject to "double taxation", even if you were a US citizen but lived somewhere else for more than 6 months out of the year.
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US citizens have to pay US federal income tax, even if they leave the US and never come back. You can get a foreign earned income exclusion of about $97k but you have to live outside the US for at least 330 days in a year.

Foreign Earned Income Exclusion - Requirements
 
kyaizen said:
If you're not going back, ever, then why even bother?
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I believe there are IRS agents at embassies worldwide. Plus, if you're only a US citizen, you will have to renew your passport eventually. If you owe money to the IRS, it's unlikely they will renew it. If you're not going back, then you should acquire another citizenship and then relinquish US citizenship.
 
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