Author Topic: Canuck wants to move to the US... (Read 1292 times)

SKurj · « **on:** July 09, 2003, 01:27:49 PM »

Heyas

Well I finally graduate in a few weeks, and I would eventually like to relocate to the southern US (had enough of snow)

Does anyone have experience in these matters?
What does it take? Can anyone point me to some good sites at least to look for info?

Anyone able to hire a Jr Network Admin? +)

SKurj

funkedup · « **Reply #1 on:** July 09, 2003, 01:38:03 PM »

Hey come to California. We have high taxes, outrageous housing costs, and terrible traffic.

Curval · « **Reply #2 on:** July 09, 2003, 01:43:18 PM »

Suggestion:

If you are looking for warmer weather try the islands.

I've said it before...I'll say it again.........

Moving to the US is quite possibly the worst tax planning you could possibly effect. Move there and become a US citizen and you will be paying US tax and submitting US tax returns for the rest of your life. Your children will also not have the benefit of 50% of your estate when you die because the US government will take it in death duties. All this no matter where you end up living the rest of your life.

I could go on and on.

It "looks" attractive now, because of the lower tax rate on income vs Canada...in 30 years you will regret it.

I tried to warn the brother of my best friend about doing just this two years ago. He shrugged me off and said he would live in California for the rest of his life. He is now in the process of moving back to Canada. But now...he is a US citizen. I made sure to remind him about his tax returns to Uncle Sam in April.

MrCoffee · « **Reply #3 on:** July 09, 2003, 01:43:56 PM »

LOL, good luck Skurj.

gofaster · « **Reply #4 on:** July 09, 2003, 01:45:15 PM »

Or come to Florida. We have low taxes, affordable housing, high traffic, and a six-foot-distance law at nude bars.

Saurdaukar · « **Reply #5 on:** July 09, 2003, 01:45:51 PM »

Skurj, it will be tough for you to find a place to live in the southern US - people there are automatically skeptical of anyone who says the word 'eh' after every sentence.

Even if you do find a place, you might wake up one day to a burning maple leaf in your front yard.

fd ski · « **Reply #6 on:** July 09, 2003, 01:49:29 PM »

market for IT is **** right now.
And being junior doesn't help..

Ripsnort · « **Reply #7 on:** July 09, 2003, 01:53:14 PM »

Quote

Originally posted by fd ski
market for IT is **** right now.
And being junior doesn't help..

What ^^he^^ said. Alot of companies are out sourcing IT and IS work to 3rd world countries like India and Russia (Hi Boroda).

SunKing · « **Reply #8 on:** July 09, 2003, 01:58:47 PM »

I have a Canadian buddy that wants to move to California. He's given up on his country now that they are letting the Chinese buy up everything and demolish it to build China Town 2003.

funkedup · « **Reply #9 on:** July 09, 2003, 02:00:19 PM »

Yes move to California to escape the Chinese!

crowMAW · « **Reply #10 on:** July 09, 2003, 02:30:13 PM »

Wait...I thought the death tax (Federal Estate Tax) was being temporarily phased out. By 2011 when the issue comes back up, I'm sure they will kill it forever.

Curval · « **Reply #11 on:** July 09, 2003, 02:42:15 PM »

Quote

Originally posted by crowMAW
Wait...I thought the death tax (Federal Estate Tax) was being temporarily phased out. By 2011 when the issue comes back up, I'm sure they will kill it forever.

The tax rate goes down...but it isn't being phased out from what I can see.

(A) In general
In the case of estates of decedents dying, and gifts made, in calendar years after 2002 and before 2010, the tentative tax
under this subsection shall be determined by using a table
prescribed by the Secretary (in lieu of using the table
contained in paragraph (1)) which is the same as such table;
except that -
(i) the maximum rate of tax for any calendar year shall be
determined in the table under subparagraph (B), and
(ii) the brackets and the amounts setting forth the tax
shall be adjusted to the extent necessary to reflect the
adjustments under subparagraph (A).
(B) Maximum rate
The maximum
In calendar year: rate is:
2003 49 percent
2004 48 percent
2005 47 percent
2006 46 percent
2007, 2008, and 2009 45 percent.

SirLoin · « **Reply #12 on:** July 09, 2003, 03:02:13 PM »

What Funked said..Except it has great sports teams and beautiful winters.I can say cause I grew up in Northridge CA(survived 72 quake too)..

ra · « **Reply #13 on:** July 09, 2003, 03:04:43 PM »

The death tax sucks, but there is a $1 million exemption. Also, you can give some of your assets to your heirs before you die and avoid the death tax, though you do pay a gift tax if the gift exceeds a certain amount each year.

Of all the reasons not to move to the US, the death tax is not one of them.

ra

Martlet · « **Reply #14 on:** July 09, 2003, 03:05:33 PM »

Sorry, we've reached our Canadian Quota.