Shalom Josh,
Thanks for the info.. Maybe I will have to consider moving our business to Serbia one day.. lol.. Actually, I am just reading about the global tax. America is the only country in the world that demands that its residents pay taxes to it no matter where in the world you live. You are exempt up to $87,000 of foreign income, as well as payments for rent/property if it is above $13,000 year. However, after that you are taxed at the American income rate, of course they let you pay the differnce of the local income taxes minus tha American. So if you live in Serbia paying 10% tax, you will have to pay the usa another 30%. Actually, from doing some deeper investigation I can see with Federal, State, Sales as well as other hidden taxes, America's tax rate is one of the highest in the world on par with Sweden and other socialist nations. Now, Obama Hussein says we need more taxes for more bogus and corrupt social welfare programs. I never realized America has its business people by the throat like this, it is heretical. How can they force you to pay taxes if you been making money and living in another country; this is thievery. Even the worst socialist countries I do not believe have a global tax. I hear renouncing citizenship is an option, but the government is even taking measures to prevent people from renouncing citizenship for the sake of saving tax money. THey are proposing , if it is not in effect already, a tax on renouncing citizenship, where the government will take over half your income and whatever other assets they can if you renounce USA citizenship. We have small IT family business and we will feel the knife in our back when Obama Hussein comes into power with his die hard communist plans. We were thinking Switzerland or perhaps other non-Jew hating tax havens would be good for us to relocate to. We also think we have method to avoid paying State Income Tax. But this global tax is a real knife in our backs; I have been thinking of a plan.
Now my question is, do you know anyway to evade the global tax? I am sure Obama would enforce it with an iron fist. After all, he doesn't want whitey running away, lot of poor people in the ghetto who need their crack and welfare checks.