As far as I know, I would still have to pay US taxes if I moved to another country. Does anyone know anything about this? Not into being taxed twice.
Other than that, France would be lovely.
The double taxation would mean that if you paid tax in the US on money would would not them be liable for tax on the same money in France.
Anyway, double taxation means you don't pay it twice. In fact, the US has relinquished some of its right to tax its citizens who are legally resident in France. In those areas where it has not relinquished taxation rights, France has agreed not to tax the money. Thus, for example, a US citizen resident in France and getting income from land in the US would be taxed on that income in the US and not in France. However, income from interest, dividends, etc. in the US would not be taxed in the US but would be taxed in France. Accountants to manage that are not expensive if your financial matters are not to complex. http://www.info-france-usa.org/intheus/tax/004us.asp
I get a French accountant to do my tac returns in France (as I stand no hope of understanding them) - and he charges very little and normally saves me more than he charges. e.g. just got my CSG bill and he then re-submitted my income tax and with an allowed credit saving me more than twice his bill.
Ian
I imagine that the goal for a US resident would be to try to keep as much income a possible taxed by the US which I assume would be a lower rate.
That makes sense.
Thing is, our taxes are complicated. I won't go into it, but my income is from royalties. Hope even more so in future.
Another consideration is the cost of living in France (which I find a lot lower than in the UK).
Have we drifted a bit "off-topic" here (and do others mind) ?
Ian
Oh why-O
Why-O
Did I leave
Ohio
Really, I don't want to live in France, but hmmm, the Caribbean, that's another story. Can anyone give me the scoop on that?
Belize is a great place. Don't think the racing will be too competitive but sailing out of this world (on their barrier reef). English speaking, currency lied to the US $, low property prices. But the main thing is their outlook on life - excellent.
Plus you could retire. They have an amazing retirement package with unbelievable tax perks (like no income tax). Don't worry about retirement being age related - it is not. In their terms retirement just means you cannot work for a Belizian company in Belize - any age is OK.
A quite fantastic country. If it was not for my dogs I would be living there now (or maybe in Costa Rica as a 2nd choice).
Ian
Do they not take dogs in Belize?
In anycase, I really think you need to look NORTH. Vancouver is amazing as is Victoria. Halifax is a great place as well but the weather is not the best, but it does have the BEST beer in Canada! Lately though I have not seem much in the Laser category going on up there - hopefully I am wrong there though!
Matt
Mawill,
Thanks for the tax info. 50%. Yikes! (Why is there only one yike in Montana?)
Vancouver/Victoria. I have visited Vancouver and it is beautiful, but I'll be brutally honest. Are you out of your mind?I'm trying to get away from the cold and you suggest wet and chilly instead. I think I've found the best beer/ale anywhere already. Full Sail made in Oregon.
Oh yeah, I forgot to mention. We like to snorkel, too.
And yet again, you can go down to the keys and anchor up, the water down there is beautiful so it is perfect for snorkeling!
Have you looked into the restrictions on anchoring and live aboards, especially in the Keys ? It's not like it was 20 years ago... You also have to have a place to come ashore for supplies, leave a car or moped etc... Not trying to discourage you, it can be an awesome lifestyle. Even living on a boat at a dock in a marina can be pretty stress relieving in a warm climate.
A French person - great. What would you shout to get somebody to stay/return to their proper course i.e. when somebody is sailing above or below their "proper course" and getting in your way. e.g. when you sail close to leeward of them and they bear away to block you or they luff beyond their proper course when they have no such right. In English I would call "Proper Course" but have not yet been able to find what would be called in French.
(Also, if the ones I gave above are wrong or there are better alternatives, please do correct me as my French language skills are (very) limited).
Ian
Don't remember if I answered your earlier question on FL insurance rates. We live about 3 miles from the bay and rates here are running about 1$/sq ft give or take a little. As you get closer to the gulf or water I would think they go up considerably.
$1/sq ft sounds steep already. I've also heard from my husband's friend who lives on Merritt Island that the big insurance companies refuse to insure that area at all. Anybody know where to get the scoop on Atlantic coastal insurance? Not just Florida.