Knowing America will not cause tax troubles, just as knowing love can make us together. Love is not a blind effort, but a need for mutual tolerance and understanding. As for paying taxes for immigrants to the United States, only by understanding the tax rules of the United States can we not fall into the misunderstanding of paying taxes for immigrants.
1, I believe you can have this common sense-most of the richest people are in America.
Don't people like Bill Gates and Buffett, world champions and runners-up, or Madonna and Michael Jackson, who can generate huge income in an instant, want to avoid high taxes? If they are overwhelmed, isn't it easy to change their nationality? Is the United States not allowing them to change? Or which country doesn't welcome them? Of course not. There is only one reason-they don't think it is necessary, or simply say that they don't pay high taxes! If you carefully read Buffett's remarks in the past year, you will understand that he admitted that he actually paid less taxes than some employees in his company. Why is this?
Do you know that China and the United States have signed a tax exemption agreement?
In this way, every taxpayer in China and the United States does not have to pay double taxes in both countries, but only needs to pay the tax rate difference between the two countries. In other words, when a citizen of China who has a green card in the United States (who has to pay global income tax according to American tax laws) or an American citizen who has income in China pays income tax in China, he does not have to go back to the United States to pay income tax, but only needs to pay the difference. But the fact is that the tax rates of most taxes in China are higher than those in the United States, so there is no difference to make up.
Do you know that personal income can also be deducted from expenses in the United States?
Do you know that the United States pays taxes globally, but it is also a global tax deduction? Specifically, many expenses (travel, hotels, investments, donations) you have incurred around the world can be deducted from your personal income. How much of your net income is taxable after tax deduction?
4. Do you know that in fact, the tax rates of the United States in major countries in Europe and America are moderately low?
It goes without saying that the tax rate in the United States is much lower than that in countries with high welfare such as Northern Europe and Canada. More importantly, the average tax rate in the United States is lower than that in China.
Do you know that when you put money into your life insurance (guarantee insurance) for yourself and your family (no matter how much), you don't have to pay taxes at all. And in the end, the money will be used by yourself and your family!
6. Do you know that if you give your money and wealth to a trust company and combine it with life insurance, you can complete intergenerational inheritance without being bothered by inheritance tax at all? Do you know that there is not a rich American who does not do this kind of trusteeship and planning?
7. Do you know that whether you are a green card or an American citizen, you can set up your personal tax-free foundation at any time?
In other words, you can "donate" all your income for one year or even several years to this foundation to achieve your goal of zero income tax, but can the money (as long as it is properly planned and designed) still be used for you as you wish? Isn't the Gates Foundation trying to ensure that Bill Gates' income is not taken away by the IRS but used for his wishes?
8. Do you know the most important point?
All the income and wealth (no matter how many houses, mines or billions of dollars in cash) you get before you get the green card, as long as you don't regenerate the net profit, it has nothing to do with your tax payment! Think about it, you actually have more wealth and less tax advantage than all Americans, including Bill Gates and Buffett!
9. Finally, do you know that the United States is a country ruled by law, and the most important legal principle in this legal system is "whoever advocates gives evidence"?
In other words, whether someone or the IRS accuses you of tax evasion, the law requires him to produce evidence instead of you, otherwise the court can't convict you!