Quote:
Originally Posted by Mr. Cool Ice
While I would not bite from a GFY thread, the idea of what is going on is solid so long as you do your due diligence.
I personally know many millionaires who operate in this manner and pay jack shit for taxes and have been doing so for many years. They all however MOVED OUT of the USA. Also if you can earn income from another country / source outside of the USA this would also be of benefit to someone. But just trying to hide your USA earned money while you live IN the USA is just asking for trouble.
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You are correct indeed at this point. However, most business can be setup in a legal way offshore in the end.