Worldwide Tax Survey (Places to Escape the Parasites)

charlesmartel

charlesmartel

Anarcho-Monarchist
Jun 26, 2006
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I found this report while looking for places less parasitic than the US. The data is very illuminating. It includes both income tax rates and social security rates and then ranks the countries. Of course, there are lot of countries more appealing than Amerikwa.

http://www.kpmg.com/Global/en/Issue...ts/individual-income-tax-rate-survey-2012.pdf

Info is broken down for $100k and $300k earners.

Some takeaways: Bulgaria and Czech Republic are on the very low end of the scale.
 


Yep :) All we have in Bulgaria is a 10% Earnings Tax no other non-sense... And its really easy to incorporate a Company here, doesn't cost more than 300$
 
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The low income taxes in those countries (10-15%) reminds me of something a Russian friend once told me. He said it was like the USSR moved to the United States and the United States moved to the USSR.

If you could live anywhere in Bulgaria, where would it be?
 
I realized about a year or so ago the biggest income boost I could get easily was to reduce taxes to as low as possible. In my case, it can be a matter of increasing my net income almost 100%.
 
charles, remember that what you get in exchange for lower taxes in third world countries is a much higher crime rate.
 
blogginginc said:
charles, remember that what you get in exchange for lower taxes in third world countries is a much higher crime rate.
Click to expand...

Like Guerilla said, taxation is theft. Very few criminals are able to steal 1/3 or more of your annual income. Even if my car gets stolen in another country or my house broken into, the loss of value won't even come close to what the US gov't or Canada steals.

Also, Czech Republic isn't in the 3rd world.
 
Always remember, just because you are a citizen of a country doesn't mean you have to actually live there.
 
I live in Czech Republic currently. You have to remember that income tax isn't the only tax. The VAT tax here is pretty high (somewhere in the 20% range). There's also a high payroll tax if you want to hire someone (although there are ways around it). Property is also expensive, unless you're planning on living outside of Prague (which I doubt if you don't speak Czech). Still a better option than Bulgaria as someone mentioned.

People tend to complain about income taxes, but typically those countries tend to have a lot of infrastructure. Before Czech rep. I lived in Norway. Sure the taxes were higher, but things worked a lot more smoothly then they do here. Also remember that a lot of these post communist countries are still learning about customer service so don't be shocked of people are rude as shit to you for no reason :updown:
 
Singapore has one of the lowest income tax in the world, but they have a lot of hidden tax as well (CPF, COE, ARF, property tax on leasehold properties, consumption tax, etc). I think complementing the PDF above with cost of living ranking is a better gauge on the overall tax.
 
charlesmartel said:
I found this report while looking for places less parasitic than the US. The data is very illuminating. It includes both income tax rates and social security rates and then ranks the countries. Of course, there are lot of countries more appealing than Amerikwa.

http://www.kpmg.com/Global/en/Issue...ts/individual-income-tax-rate-survey-2012.pdf

Info is broken down for $100k and $300k earners.

Some takeaways: Bulgaria and Czech Republic are on the very low end of the scale.
Click to expand...

If you are a US citizen you are fucked no matter where you go.
 
Ok, quick primer on 3 flags.

You get citizenship in a region that has great international standing, and a solid diplomatic presence worldwide.

Think Canada, Australia, New Zealand, western Europe.

That's Flag 1.



Then you get residency in a jurisdiction which has no income tax, or no tax on foreign earned income.

Examples are in the spreadsheet.

That's Flag 2.



Then you live/hang out in a jurisdiction with low consumption taxes (no or low sales tax, VAT)

That's Flag 3.



There is a fourth flag, and that's operating a business out of a jurisdiction like Singapore that has really favorable corporate taxes, while still having strong contract law.

That's a potential Flag 4.


This ^^ is how you get your net taxes under 15%.
 
Woot, Baltic states (Latvia, Lithuania, Estonia) are considered Northern Europe, not Eastern Europe.

Title change can boost the image of an country quite seriously I see.
 
guerilla said:
There is a fourth flag, and that's operating a business out of a jurisdiction like Singapore that has really favorable corporate taxes, while still having strong contract law.

That's a potential Flag 4.


This ^^ is how you get your net taxes under 15%.
Click to expand...

As far as I know, you cannot run a shell company in Singapore.
 
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