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by foxtr0t 2015 days ago
People with means tend to locate in tax havens, not places that have good amenities. Presumably with sufficient resources, you can produce any sort of amenity you'd like.
2 comments

No; People with means tend to declare a residence in a Tax Haven. Which they use to observe profits. I.e. Registering their personal corp in WY, NV, or MD. Then recognizing all profits for themselves under a Corp/LLC and being taxed at WY, NV, or MD results.

Then they proceed to live wherever they want and buy items using Corp/LLC Funds. When they need to use personal funds or pay income tax - They minimize their tax impact through various methods.

Point being - The people live where they want regardless of tax haven status. They recognize revenue in a Corp/LLC in a tax haven.

NYC and LA are taxed just as heavily as the Bay Area.