[davidd]

here is the perfect responses to the David Murrays of the world

http://www.telegraph.co.uk/news/worldnews/europe/france/9748655/Gerard-Depardieu-to-return-French-passport.html

and here is a perfect example how funds that appear to be used for one thing morphs

http://www.nypost.com/p/news/national/little_help_here_1kW6aQ8fElj4CKwbheEV0N

here is your government at work

this happens all the time

David what about the poor victims of sandy???

is this ethical or fiscally responsible???

and these are the people you wish to entrust healthcare to..:):):):) let alone micromanage your life and to determine whats best foryou.:shock::shock::shock:

[davidd]

[quote=”DavidCMurray”][quote=”sprite”]Show me how the Income Tax is an appropriated tax and I will shut up.[/quote]

The President, through the Budget Office, proposes an annual budget to Congress who makes the changes they deem appropriate. Then, a series of appropriation bills are sent to the President for his approval or veto. That’s how income tax is appropriated. Had you been there during your high school civics class, you wouldn’t need to ask.

Remember, you promised.[/quote]

David

there you go again 🙂 just like a good public servant 🙂

my friend I love you but your most definetly delusional at this point with regards to what our government sais

as opposed to what they do.

there is so much corruption in our government it’s embarrassing really.

and if you believe there is very little corruption

then you have to at least partly agree that there is huge incompetence in our government.

and it amazes me how tolerated it is with people such as yourself.

because if you hired a contractor and he quoted you a bloated amount for a particular job

and instead of doing the job promised he did around 20% of the project.

and afterwards he came to you and asked you for more money because he ran out.

would you give him more money??? or fire him???

I know for a fact that money in Washington that was supposed to go one way finds its way to a different path not originally intended. this happens all the time.

but you keep believing what you believe.

I bet you still believe this is the way the law actually works..

remember this??

http://youtu.be/tyeJ55o3El0

this is more of todays reality of what goes on instead of those civic classes David.

http://youtu.be/NXUPDAMc_6o

David I sure hope you have plans for your future because if your relying on your government pension and social security.. you may have a few surprises in your lifetime.

god speed.

david

PS. Sprite…. you are right on the money on this. .. our government lies so much I don’t even listen to what they say anymore.

[davidd]

[quote=”DavidCMurray”]And people whine about hungry folks getting Food Stamps!

I just wonder how many country club memberships the executives of any of those negative tax payers were finally able to afford with their corporate welfare.

What percentage of the federal government’s deficit spending would have been offset by just the $2.488 [b]B[/b]illion you’ve listed, Scott? And how much more did you miss?

What do you suppose would have been the impact on the deficit had just these corporations paid income tax, at the lower corporate rate, on their $115.16 [b]B[/b]illion in profits?

[/quote]

David

I don’t want to sound disrespectful because your obviously an smart guy and I have enjoyed many of your posts here. and just the fact that you had the courage and moxie to leave the U.S. and live here tells me alot of your character. .

but I have just come to the conclusion that our viewpoints regarding some of these topics are so opposite it amazes me.

for example;

these corporations comply with the laws that the government provides to keep companies like these in the U.S. there is a very fine line of how much abuse these company’s will take

it’s not like the average worker who has ties to the communities and family. corporations have no ties to communities and if push come to shove they migrate to the most friendly business environment.

why else are companies like Rawlings.. that makes baseballs and Intel are here.??

If Corporations were operating illegally.. that would be a totally different thing. BUT they are not.

so why should we blast them for maximizing their tax obligations.

If David C Murray incorporated and built a business that was generating revenue you would also be able to hire accountants instead of H&R Block to minimize tax obligations.

and it would be more intense if you were a public company since you also have shareholders to account to.

all of this negative flack towards these companies

what about JOBS!!! they actually provide.

how many jobs do these companies actually provide

NOT Government jobs where they pay salaries by stealing money from the tax payer to pay them BUT from revenues that these companies produce.

I am not saying all companies are great and at the top these CEO’s make huge amounts of money.

BUT so do top earners in many fields

what about these idiot celebrities

are they worth the money they make BUT we don’t hear much about that.

Johnny Depp made $100 million dollars from royalties from his last pirates movie. one hundred million dollars!!!!! and actor!!!

that is our whacky culture.. the examples are endless.

anyway.. this is all just conversation because I am living here in costa rica and life is good.

and I think David’s life is also good and I wish him well.

david

[davidd]

[quote=”kwhite1″]

Prepare for the worst and hope for the best.[/quote]

great quote to live by.

I do not see trying to bring any kinds of monies from the states to another country.

if you get nabbed at the airport with silver coins worth that kind of money i would worry it could get confiscated even though it’s legal.

my experience has been to invest money in a business in the country you want to live.

you will leave paper trails but it legitimate and your being transparant.

the key is being transparent.

for example.

if you bought tico style homes between $80,000 and $100,000 in good tico locations with good bus routes into san jose. in a secure neighborhood.

these are the best secure low risk investments you can make here.

you have liquidity being under $100,000

you have very good rental options $500 to $600 per month

your taxes will be under $200 per year

you could easily generate a few thousand per month.

it will take some effort like anything else. but this is the safest way in my 15 years that I have found to invest here. I also made mistakes of having regular businesses. NO MORE :D:D

if you need cash you liquidate a house.

I just sold 2 of my home portfolio in 3 months. I have 7 more of these types of homes and have been my bread and butter cashflow for the past 6 years.

I don’t get anything from government back home. no pension, no social security. nada.

first house $87500
second house $92799

just these 2 were generating $1000 per month for 7 years now.

do not invest more that $100,000 because your liquidity will suffer.

keep each house in a separate entity.

then when you finally leave..

you just pack up and leave… and you move to a country where you are generating cashflow.

Now I am also involved on the internet which is my other business.

good luck and don’t forget to bring me 1 silver coin for luck 🙂

[davidd]

[quote=”Scott”][quote=”VictoriaLST”]I am still waiting to get a reply on how to set up an offshore trust to prevent capture of funds by the US government. Does anyone have an attorney who knows how to do all that?[/quote]

The professionals I know Victoria in any of the ‘safe’ and ‘respectable’ offshore jurisdictions won’t even reply to your emails if they know you are a U.S. citizen (or a Green card holder) and they will only consider working with $1 million [i]minimum[/i] accounts for [b]NON-U.S. citizens[/b].

U.S. citizens are NOT wanted by any – I repeat any – of the [i]thousands[/i] of offshore investment management companies I have connections with … There’s freedom for ya!

Scott
[/quote]

You can’t blame them. by doing business with Americans.. you all of a sudden become partners with the United Sates of America. 😀

Victoria

there are options that you can always research BUT they are more bolder options and may not fit your comfort zones.

your best bet would be just to sit back and enjoy the ride.

David

[davidd]

[quote=”puravidatexan”]Since David C is certain that the estate tax taking the family farm is a myth, perhaps he could solve my family dilemma. My Mom owns a beautiful place on the river that has been in my family for 150 years. When the new estate tax hits on January 1, 2013, the rate is set to be 55% with an exemption of $1 million. The close to 300 acres is valued on county tax rolls at $1.8 million. So if my 85 year old Mom dies in January, how do I pay the $440,000 that is due? And the government deserves to benefit–how?[/quote]

puravidatexan

I would also like to hear Davids solution to this.

maybe you could divide the land up and give it to the poor.

heck.. who needs that much land anyway.?? i mean how much land can one live on comfortably.

maybe if you asked nicely you would be allowed to keep a few acres.

or best yet

maybe David can help out and chip in with the $440,000 taxes due.

either way you will need to pay that tax otherwise it can be repoed!!!

my suggestion and this would be a very [b]BOLD[/b] move!!!

take out a huge loan mortgage against the property.. to the hilt.

being that the property had been in the family for that long you probably have a huge enough profit margin to withstand a loss of the amount a crooked bank would loan you against the land.

then migrate those funds to another country where you feel you would like to enjoy your retirement.

then after 2 or 3 payments

default!!

and let them have thier way.

and enjoy the fruits of your family’s labor spent the way YOU WANT

your credit would be shot.. but thats OK

because you can start a new credit file in that country and start again.

[davidd]

[quote=”kwhite1″]I knew I liked you. Fantstic move on the ripped check!

As I have said, the US has turned the corner on more takers than givers, with that there is no way to recover, the givers will take thier money somewhere else or become takers as well. That leaves no givers! Jesus was the only man I know of that could take a few fish and loaves of bread and feed the masses.

It will be interesting to see how this thing plays out, hopefully from a far enough away vantange point.

[/quote]

I will never forget the childlike let down gut feeling when I pursued that deal with a persistence of a honey badger. and feeling so proud..

and actually expecting the pats on the back.. great job praises.

only to learn a very important life lesson when it comes to individual drive and ambition VS the collective. 🙂

but your right!!! the givers will just take their money and go elsewhere.

and all will be left will be these types of situations

http://cnsnews.com/blog/terence-p-jeffrey/obamas-america-will-become-detroit

when you have 73% of job growth coming from government. the masses see this as a good thing because they do NOT understand that the government does NOT create anything

They TAX!!!

that is all they know how to do.

and in between the cracks are opportunities that are revealed only to the politicians and this is what they exploit to their benefit.

it turns my stomach.

think about this.. you and I are tied into certain economic realities. for example. if personally

you have a credit card with $10,000 and you go out and spend it all and max it out.

then you get another credit card and you pay the minimum from one credit card from the other credit card.

then you go and max that one also. so you get another credit card and pay the minimum to both credit cards from the new credit card.

but then you max out the new one also.

very soon this will come to an end with bankruptcy.

same in business if we ran it this way. this is fiscally irresponsible.

it would be paying your payroll with cash advances from your credit cards and you keep doing this over and over again until you go out of business.

BUT Government seems NOT to be part of this reality and there is NO accountability.

they just keep spending $$$$$$$$$$..

weeeeeeeee!!!! lets spend more money

heck it’s NOT thier money.. its the stupid taxpayers..

one thing I have observe is that Liberals love to spend other peoples money :D:D:D:D

and thsy use code words. Like

[b]”we”[/b][size=200][/size] need to help these people or “WE” need to save this or that.

never [b]”I”[/b][size=][size=200][/size][/size] need to do something

crazy

[davidd]

I believe that the only real moral thing to do is

OPT OUT of paying taxes

I remember years ago I was 23 and in sales and were on a team and I busted my hump to do really well while many on the team did just enough to do OK.

one of the lazy salepersons had the luck of getting a call in which they lost the sale out of pure incompentance. this was a $25000 commission.

I later tried to rekindle the relationship.. and in 3 months after following up again and phone calls and hand holding and on saturdays meeting them for a round of golf ( which I hate)

finally one of the owners looked at me and said. hey i finally realized that we never even signed up with you guys and you spent all this time with us.

so right there he had his company write a check for $102,000. $25000 commission :D:D:D:D:D

I was so proud!!!! I mean I busted my ass and spent alot of time on this account and after 3 months my individual efforts paid off.

so here I show up monday morning to the office with a $102,000 check in my hands :D:D:D:D:D all happy and excited

and in our monday morning meeting

the other 3 original lazy ass salespeople.. starting complaining that that was their sale!!!

and after whining how unfair.. the general manager decided it would be best to split the commision

between myself and the other 3 salespeople!!!

I was never let down so much and that was my very first introduction to this mentality of distributing wealth all around because we have to be fair.

forget all what it took to make that sale.. all the sacrifices..

so to end the story

I told these guys.. fine

here is what I will do

I ripped the check into 4 parts.. here is your piece of the check and here is your piece and your piece.

I QUIT right there

and the look on the faces when I ripped that check into pieces was worth the $25000 commission.

they never got that account when I left

in fact they signed up with me with another company 6 months later.

so.. david.. i would do the same with you

here is your piece of the check

god speed.

[davidd]

[quote=”kwhite1″][quote=”DavidCMurray”]Yes, I am vehemently opposed to all the existing flat taxes (of which there are plenty) and any new ones. It isn’t a matter of fairness, which they are not. It’s a matter of the remaining disposable income.

Consider a family living on (say) $30,000 a year. If they paid the 17% Steve Forbes proposed in 1999, they’d have about $25,000 left to meet their living expenses. Contrast that family with one earning (say) $300,000 per year who would have to eke out an existence on just $250,000. The latter might be constrained to belonging to just two country clubs while the former would be living on Gravy Train — the dog food, that is. Would the impact on the children, innocent in this scenario, meet your definition of fairness?

(As an aside, responsible economists calculated that Forbes’ rate would have to be closer to 22% to equal then-current government revenues.

Try this simple experiment: from your last year’s federal income tax return, write down your total gross income, the income the flat taxers would propose to tax. Then write down your own net tax. Now, compare the net tax you actually paid to 22% (or 17%, if you prefer) of your total gross and tell us (honestly, now) which amount you’d rather pay.

And if you divide your actual income tax payment by your gross income, you’ll get your “flat tax” rate. I’ll bet you’ll be shocked at how much less than 17 or 22 percent you paid.)[/quote]

I paid more than 17%.

I guess we will have to agree to disagree on taxes my friend. I still do not think people that have taken risk, maybe worked harder, maybe went into the right field of work, or just plain got lucky should be penalized for thier success. A little story, (even true), I had a very nice position with a worldwide construction equipment company, making a very nice living. Took a chance and started my own company (not related to my previous job), took a 75% paycut, paid myself just the bare minimum to get by, for sveral years until the business could support my salary (to this day there are times when I skip a paycheck so my employees can get paid). If I am to understand you, because of my hard work, dedication, and sacrifices, I should have to pay more percentage in taxes than someone working a 9-5 job, that does not support 15 families every week? I would still pay a higher dollar amount than that guy, but it shoulds be the same percentage, in my opinion.[/quote]

yep

the world according to David

your risk…

your sacrifices

means nothing.

it means nothing dealing with the stress to make payroll.

if your a business owner.

YOU are the last one to get paid…

and

if by chance you do make it.. which by new company statistics the odds are against you.

you should feel obligated to pay more taxes.

:D:D:D:D:D:D:D:D

it’s obvious that David had been a w-2 employee all his life

which is OK!!! nothing wrong with that BUT i see differences in people who

work for a company as opposed to having a small business.

David

UPDATE: David I was just made aware that you had a government job.. which is fine.. in fact it seems the only job growth occurring right now are government jobs. which is exactly what we need more of

more government jobs!!!! bigger government!!

last month 75% of new jobs were government jobs!!!:D
here is a nice example of the direction of the new america

http://cnsnews.com/blog/terence-p-jeffrey/obamas-america-will-become-detroit

[davidd]

[quote=”DavidCMurray”]Making profit, interest, dividend, rent and other unearned income taxfree would certainly be a godsend for the already uberrich, loraine. Those are the greatest sources of their incomes. So you and I could pay to educate their children, pave their roads, process their water and sewage, provide their security, build their airports, and a thousand other public functions while they’d be free to spend all their wealth on expensive trinkets.

But why stop with not taxing their unearned income? How about we exempt them from sales taxes, property taxes, excise taxes, gas taxes, as well as all taxes on earned income, too? After all, they’re God’s chosen people, right?

It’d be Paradise on Earth (if you were one of the lucky few).
[/quote]

David

If I RISK and invest MY MONEY in a venture and work my ass off for 10 years and made many sacrifices

and one day I became wealthy because of this

so what your saying

is that I should be penalized more because I am successful???

what if I lost everything on that venture???

can I call you and you can support me??? maybe i can dip into your retirement fund since your living the costa rican good life.

heck that makes alot of sense :shock::shock::shock::shock::shock::shock::shock::shock::shock::shock::shock::shock::shock:

[davidd]

[quote=”kwhite1″][quote=”DavidCMurray”]Making profit, interest, dividend, rent and other unearned income taxfree would certainly be a godsend for the already uberrich, loraine. Those are the greatest sources of their incomes. So you and I could pay to educate their children, pave their roads, provide their security and a thousand other public functions while they’d be free to spend all their wealth on expensive trinkets.

It’d be Paradise on Earth (if you were one of the lucky few).
[/quote]

David, are you opposed to a flat tax? Whereas everyone pays the same rate? Do away with deductions, loopholes and the like? To me, someone making $1,000,000 pays $150,000 and someone making $50,000 pay $7,500 is “fair”. Just because someone has been more succesful than someone else, should they pay a different tax rate? Just thinking out loud there.[/quote]

David

truthfully I hope they try and tax the rich as much as they can because those people will just get fed up and leave leaving everyone else again

in a fetal position with thier thumbs in mouth wimpering

help me… help me please..:)

taxing the rich is so asinine it’s not funny

why ?

because it does NOTHING to help the U.S. out of the hole and it gives the politicians to redirect focus.

which is a great strategy for them

[davidd]

[quote=”sprite”][quote=”kwhite1″][quote=”sprite”]The easiest and cleanest solution to escape the clutches of the IRS is to renounce US citizenship.

Not as easy as that, before you renounce the IRS does a full investigation of ALL of your tax filings from birth, then if they don’t get you there, you are taxed on your current assets at 35%. They treat it as if you sold everything you own and the tax man cometh. This is their last chance to tax you so I assure you they will find something (even fabricated) to take all they can from you. Once that is done, then you can renounce, you cannot renounce until the IRS signs off on you. Comforting isn’t it.[/quote]

Especially comforting knowing that the IRS is not even a part of the US government. It is a private company which collects taxes which go to foreign banks.[/quote]

Sprite

Of course they are an entity of the US government. If you mean taxes on their income, as a corporation would pay, then no, they do not pay taxes.

They do pay payroll taxes on wages to their employees. They don’t pay property taxes on the real estate they own, but they do pay (indirectly) taxes on property they rent. They do not pay sales tax on things they buy.

The IRS is a bureau of the Department of the Treasury. They do not pay taxes, as they generate no income in and of themselves. The IRS is organized to carry out the responsibilities of the secretary of the Treasury under section 7801 of the Internal Revenue Code. Consequently the IRS is accountable to the Department of Treasury, and can be audited by that branch of the government.

The individual who has direct authority over the IRS, and thus direct ability to hold the agency accountable is the Commissioner of Internal Revenue. The office of commissioner was created in 1862 by the Revenue Act of 1862, as passed by congress.

The IRS is also subject to oversight by Congress, which can request records documenting their operational expenditures, as it can any agency that is funded by appropriations of congress.
Source(s):
26 C.F.R. section 601.101(a)
http://www.irs.gov/irs/article/0,,id=981…

every once in a while you say something that makes my ears perk!!!

can you please direct me to some evidence to support your statement

thanks

david

[davidd]

[quote=”kwhite1″]David….that would be an exciting way to live for sure!

I am working on getting out of here, I was waiting on the election results, that would have been a big delay in the decline of the US, I still think it would have happened eventually, but now I think it is 2x the speed for the decline.

I am coming down in Feb to look at some schools in the Central Valley area (12 year old daughter). Any suggestions? Is the Central Valley my best option for inernational schools?[/quote]

wow!!! 12 years old I also have a 12 year old that we recently moved from one school district here to a better one in another area and that was a challenge being the adolescent that she is

and she is from here.

I could not imagine migrating a teen from the U.S. to here.. but

hey life is an adventure 🙂 and one day she will understand and thank you.

regarding your question??

I stopped giving any kind of advice because it does NOT matter.. my wants and desires may be completely different from yours

and we all have different starting points and life experiences.

the only thing I will say is that you need to come down and rent before you buy anything..

and experience the culture and the good and the bad

decide if your looking to replicate your U.S. lifestyle or are you interested in blending into the culture as much as you can to enjoy costa rica.

only you can find the answers to your questions

what I do suggest is do your diligence

because Craigslist is full of people that come down and buy everything only to find after 18 months they hate it here

and they sell everything for a loss

heck i just bought an ATV for 65% less than market value 🙂

good luck.

[davidd]

[quote=”kwhite1″][quote=”sprite”]The easiest and cleanest solution to escape the clutches of the IRS is to renounce US citizenship.

Not as easy as that, before you renounce the IRS does a full investigation of ALL of your tax filings from birth, then if they don’t get you there, you are taxed on your current assets at 35%. They treat it as if you sold everything you own and the tax man cometh. This is their last chance to tax you so I assure you they will find something (even fabricated) to take all they can from you. Once that is done, then you can renounce, you cannot renounce until the IRS signs off on you. Comforting isn’t it.[/quote]

that is if your still a prisoner in the country.

a smart person would be planning this a few years in advance and act accordingly.

then when your ready to renounce

your physically NOT located in the U.S.

you do it in the country where you already have residency with citizenship in process

then you can metaphorically tell them to kiss your tucus

obviously you will need enough $$$ to manage this correctly to sustain your life when you do leave.

The U.S. has become agreat place to visit as a tourist BUT not be a citizen

especially with so many emerging countries

not saying costa rica is the greatest.. but its a good start.

it all depends on what will make you happy and what you want.

I have a millionare friend that sold everything he owns and now he rents

he rents 3 months in tuscany

he rents 3 months in germany

this is how he lives with his wife

he travels the world and lives in each for a period of time to enjoy the culture and such and then they move on

sounds cool

[davidd]

[quote=”DavidCMurray”][quote=”costaricabill”]David –
If you “employ” your gardner, are you obligated to pay him the aquinaldo?
[/quote]

Bill, because the gardener decides when to come, whom to bring, and what to do when they’re here, and because we pay much more than the minimum on a daily basis, we consider them to be contractors who are not eligible for the [i]aguinaldo[/i]. In effect, we pay it daily throughout the year.

Now, the Ministry of Labor might dispute that, but there’s no question that they benefit financially from their labor at a much higher rate than the Ministry would expect. Too, they are enrolled in the CAJA via some other avenue. I expect that they’re paying their CAJA fees independently.
[/quote]

David

make sure they have caja coverage because if they have an accident on your property

you will have to pay!!!

[Author]

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