retirement/investment tax haven?

dumbstruck · 2011-04-09T16:42:37+00:00

Do these not exist any more for US taxpayers? I gather you always owefederal taxes even if you reside/retire outside the country, which isquite strange given you are not reaping the benefits. Not a practiceby other countries on their expatriates.Will this hold for the draconian 2014 health care requirements too? Ifyou retired to Thailand with it's world class cheap hospitals forforeigners, would you still have to pay for some US healthcare planthat doesn't even cover anything foreign?Technically speaking you avoid fed tax if you live in some USpossessions like US Virgin Islands, but you normally simply pay yourfed tax to the local gov't instead. I think American Samoa may be anexception, but no welcome mat for immigrants.For local taxes there are the well known states such as TX, FL thatdon't have income taxes, but may have higher other taxes such as forreal estate. Is there a such a state with low tax overall, where youdon't substitute one tax for another? Similarly the foreign employmenttax credit does no good if you substitute one tax for another.I'm not suggesting trying to escape taxes and still receive services,but reducing both of them. Especially if you are flexible about whereyou reside. Maybe ideas will start flowing after April 15...