[AdrianB1]

It may be possible; maybe not 2.5%, but total tax rate below 10% is possible =legally= in some places. Yes, it is a punch in the face from the governments to people that pay huge taxes like 50-70% in most of Europe, but this is what governments are very good at doing: discriminating.

[otar]

Indeed it is possible. I could be getting away with legal, accounting and bank fees only and paying 0% but I prefer this way.

Through the history there are loads of examples: Warren Buffer paying lower tax rate than his secretary (ever got interested how?), Eduardo Saverin denouncing US citizenship in favor of Singapore citizenship and saving hundreds of millions in taxes.

Right now I hire contractor developers in Ukraine and they pay 5% on their income + minor accounting fees.

There are loads of government incentives around the globe, especially for the IT people.

US is the worst of citizenship in terms of taxes. You pay taxes citizenship-based on your worldwide income, while most of other countries tax residents, not citizens.

In a short, move away from a high-taxation country in a low-taxation country and enjoy the benefits. Or become a perpetual traveler and be a tax resident of NO country. There are loads of countries that offer good balance between taxes and life quality.

https://nomadcapitalist.com/tax-reduction/

[AdrianB1]

From certain countries you cannot move out as a tax resident to become a "no country resident". For example if you are a Romanian citizen living in Romania and you move abroad, you cannot remove your Romanian tax residency unless you prove you are a tax resident in another country for at least 6 months. As a slave you can change your master, but you cannot get free.