We talk about optimizing your lifestyle within the United States by carefully selecting your location as well as the pros and cons of international expatriation.
- Ideas for playing the “State Line Jumping Game” (living in a no-income-tax state and shopping next door in no-sales-tax state).
- Brief mention of the “Five Flags Theory.” In essence, the idea is that you can arrange your affairs over five different countries:
- Flag 1: Business Base-These are places where you make your money. They must be different from your personal fiscal domicile, the place where you legally reside.
- Flag 2: Passport & Citizenship-These should be from a country unconcerned about offshore citizens and what they do outside its borders.
- Flag 3: Domicile-This should be a tax haven with good communications. A place where wealthy, productive people can be creative, live, relax, prosper and enjoy themselves. Such a place should not be threatened by war or revolution and preferably should enjoy good levels of banking secrecy.
- Flag 4: Asset Repository-This should be a place from which assets, securities and business affairs can be managed anonymously by proxy.
- Flag 5: Playgrounds-These are places where you would actually physically spend your time.
- Jim’s idea for “The American Redoubt”
- The Free State Project and Free State Wyoming
- Estimate your own tax savings with SaveTaxesByMoving.com
- Considerations for international expatriation:
- taxation, language skills, friendly to foreigners, strength of the economy, crime rate, climate and lifestyle, gun laws, homeschooling laws. etc/
- Discussion of Finland, the Philippines, Swizerland, New Zealand, Belize, Costa Rica, Panama, Chile, Argentina, Paraguay, Uraguay
- For more information check out the Sovereign Society and International Living
- For a Second Passport opportunity, consider St. Kitts and Nevis
- Check out Jim’s novel: Expatriates