-----BEGIN PGP SIGNED MESSAGE----- Sandy Sandfort <sandfort@crl.com> wrote:
A couple of generations ago, only multinationals and the super rich could avail themselves of offshore banks, asset protection trust, foreign incorporation, etc. Fifteen years ago, I was helping members of the upper middle class do the same think.
Today, virtually anyone on this list can afford these techniques. Non-US people have been using them for years. The reason middle class Americans aren't savvy that yet are ignorance and inertia. Everyday, Americans are becoming less parochial (due in part, ironically, to government hysteria about money laundering) about such possibilities. As the Clintons and Doles turn up the tax and regulatory heat, they will also overcome their inertia.
Do tell. How would someone, just for instance, who is considering leaving a "permanent" job for the higher compensation available to contractors and consultants be able to structure a business in such a way as to benefit from these techniques? If we assume a rate of between $60/hour and $125/hour (typical in Boston, New York, and the Silicon Valley), how much can one save? How much effort and money is required? How much risk is involved? There are many books on the shelves claiming to show how to avoid taxes using these techniques. Most of them have the smell of "dangerous crackpot" about them. Can you recommend any in particular? If this is too far off topic for cypherpunks I'd be interested in learning of a more appropriate forum. -----BEGIN PGP SIGNATURE----- Version: 2.6.2 iQCVAwUBMYpJ68NGLex6dhF9AQHKLgQAh2/j23rG3RP0VFNVcsNIUphgWjTG0mlE ojXWJ29el616YCfKHpwXzT2v9+wThdQByp047qf8zXGqsjuf5ld2rkWxgap840JH S4Wf1GkxdcCFM9Vq3Ks955YtWdWIz4PrngxEpPU6lmXTIY2Vk17HTRJoZBKJLwW0 iAPchDVd+kg= =7bKv -----END PGP SIGNATURE-----