I might have figured out how to out-smart the government. I'll let them out-smart themselves!
Ok I few posts ago, I had mentioned a problem I saw with Chris vs the US in my quest to be a sovereign individual. The problem was that my current income can not move with me and any new income that I try to establish before I leave, can be considered a tax dodge when I leave even if I decide to establish it outside the US. Now before I get someone posting that I could easily hide that income from the government and get away with it, I'm aware of that, but I choose to leave with a clean slate and my dignity.
I mentioned I would have to think of something innovative, and I think I have! I'm going to start a US corporation and let the US tax me on it for the rest of my life!!!!
Now before you call me crazy, I'm going to start that corporation in the US Virgin Islands and follow the strict rules that they have in place. I can effectively pay 3.5% of my income in taxes there. Once I leave the US, after a decade, I could effectively dissolve the company and normally would, except for one of the rules is that I have to employ 10 people in the USVI. I will not cut 10 jobs in an area that needs jobs, simply because it's more convienient, so this company will exist as least as long as I do, if I go this route.
Once I leave, I can at least get an established income while I'm developing my new income in a new world. The government can say nothing about my USVI corp, because I have an equal right to establish it as an US citizen as I do as a foreigner. I will have to move to the USVI when I start the corp, but that actually has more advantages than disadvantages. It took me a while to figure this out, but although other than my EDC corp that I start in the USVI, the USVI is required to mirror the US tax laws in most other respects. Once I'm in the USVI, the greatest concern of the US is to make sure that the USVI is not giving me any other loopholes. The biggest concern of the USVI is that they keep both the US and I happy as long as my company is there. The USVI can care less what I do outside their borders, and they only care about my conduct within their borders to the point that I obey their laws and that the US is satisfied. I still have to liquidate within the same rules, but I have a proponate in the USVI between me and the US government.
The US can lose interest easily once they figure out that I'm following all of their limitations, and hopefully they lose interest before I renounce, but even if they do not, I have the USVI backing me up! Not only do they want to prove that they mirrored the US tax laws to insure that they can keep the EDC program, but they don't want me to disolve my company.
Any challenge that the US government wants to make against me in court, can be met by a USVI government official witnessing that I met the letter of the law, provided that I do so. I need to make sure my lawyers are up to the challenge, but I get an advocate that most people don't get when fighting the government. I can liquidate my investments and have a record with the USVI as proof right before I renounce. If the US decides to come after me for evasion after I leave, I can point to the corp that is still paying taxes in the USVI.
Now, I haven't talked to a lawyer about this yet, but I'm really excited! If anyone sees a flaw, please tell me.
I'm finally thing that I have a chance of winng a rigged crap game.