Aces High Bulletin Board
General Forums => The O' Club => Topic started by: SKurj on July 09, 2003, 01:27:49 PM
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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
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Hey come to California. We have high taxes, outrageous housing costs, and terrible traffic.
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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.
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LOL, good luck Skurj.
:)
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Or come to Florida. We have low taxes, affordable housing, high traffic, and a six-foot-distance law at nude bars.
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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.
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market for IT is **** right now.
And being junior doesn't help..
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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).
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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.
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Yes move to California to escape the Chinese!
:rolleyes:
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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.
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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.
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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)..:)
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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
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Sorry, we've reached our Canadian Quota.
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Originally posted by ra
Of all the reasons not to move to the US, the death tax is not one of them.
...if you have no money, or no plan to earn alot of it.
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Originally posted by funkedup
Yes move to California to escape the Chinese!
:rolleyes:
He doesn't want to move to the Bay Area. :cool:
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Originally posted by ra
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. ra
Correct..this little ditty is called the Inheritance tax. Then there is the generation skipping tax, in case you want to try and avoid it that way. The gift tax, figures into the equasion too as it relates to attempts to give away your assets.
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Originally posted by Curval
...if you have no money, or no plan to earn alot of it.
....if you have a moderate ability to do estate planning the death tax is no factor. If you earn a lot of money income taxes are more significant than death taxes.
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Originally posted by ra
....if you have a moderate ability to do estate planning the death tax is no factor. If you earn a lot of money income taxes are more significant than death taxes.
Really...and what do people do with all that money? They usually buy assets, which form a part of your estate...upon which you are taxed heavily upon your death.
..and as mentioned before, the best tax/estate planning is to avoid it entirely.
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Curval,
Throw in a swedish nanny and you've got me convinced!!
Now, where can a global supply chain guy find work on the islands :)
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Originally posted by Stringer
Curval,
Throw in a swedish nanny and you've got me convinced!!
Now, where can a global supply chain guy find work on the islands :)
sigh....let me know and I'll be happy to move too - will bring my own Swedish nanny.
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Hows the coconut business?
:D
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Originally posted by funkedup
Hey come to California. We have high taxes, outrageous housing costs, and terrible traffic.
Don't forget Gray Davis:)
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Curval.....I've found that taxes of all kinds are a non-issue...the key to dealing with taxes is to simply make enough money:)
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Originally posted by Rude
Don't forget Gray Davis:)
He'll be Terminated soon. :)
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Originally posted by MrCoffee
Hows the coconut business?
No idea if this is directed at me, but I would have no idea. No coconuts in any quantity here.
If you are interested in the International Re-Insurance business, which flourishes here, it is doing very well thanks.
Rude..true, but only to a degree. Earning a good living is fine and dandy, but the death taxes are brutal. Add up your estate, deduct your exemption etc etc..then come up with a number payable to Uncle Sam (within 90 days of death). Gee, don't have that much?
IRS MAN "Okay Widow Rude, we are now going to sell your house. Please evacuate it immediately. Oh..and have a nice day".
Did you know that Rupert Murdoch's family are not ALLOWED to become US citizens. If they do so they are immediately disowned and written out of any inheritance. Gee, wonder why the family lawyers did that?
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Originally posted by Stringer
Curval,
Throw in a swedish nanny and you've got me convinced!!
Now, where can a global supply chain guy find work on the islands :)
lol...
All your Swedish nannies are belonging to me!
One thing I should mention about this thread. I do like to make jabs at US guys here about your taxes..no doubt...but in this particular case you have a Canadian wanting to move to the US. If he decides to become a US citizen he will give up certain advantages with respect to his personal tax situation and I am just giving him my advice. I'm not saying that going to the US is bad, just that he should avoid citizenship.
You are already a proud American Stringer, no hope for ya. ;)
SKurj obviously is thinking about moving and he is looking for some nicer weather. Do it as a Canadian. Merely become a non resident Canadian..sever all economic ties to Canada, don't sojourn (stay) in Canada for more than 179 days (I think) and meet any other non resident test required...and Bobs your uncle.
Go places...go to the US..pay your taxes while there and enjoy your life. (but be careful about owning US assets, such as real estate for reasons above when you die) Maybe try out the islands which are begging for IT guys. While there you will earn tax free US dollars and not file one Canadian tax return, legally.
If you ever decide to go back Canada will welcome you back with open arms. Continue life. Pay taxes.
Die.
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Yas ain't talking me out of it eh!!
I've seen california, love to live there but doubt I can afford it.
How do Texas, and Nevada compare?
and seriously... how does one go about getting permission to work in the US?
SKurj
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Originally posted by GScholz
Are you saying that once made a US citizen you can never denounce you citizenship when you move to another country?
You can donounce it, but if such denouncement is considered to be made for tax reasons then you won't ever get back into the US..legally.
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Heh... I'm the perfect example for this thread. :)
I'm a Canadian citizen that moved to NYC to go to school... and ended up working there for about 4 years after I graduated. I also just inherited $66,000 US from an Aunt who lived in Seattle (there were taxes on it on the US side.... Canada doesn't tax it).
Getting a student visa was easy. Getting a working visa was a bit more difficult, but not impossible at all.
Your friend should get a lawyer. It'll cost about $1,000 US for him to put everything together... as there's a bunch of things he'll need.
From memory:
The lawyer will take yer guy's school transcripts and send them to some US agency who evaluates them and sends them back with more paper that essentialy says that his University schooling is equivelant to the same thing as a US University education. You need to have graduated from University to work in the US - and this thing basically says that yer credits are the same thing as what he would have received from a US school.
He'll also need to get some vaccinations and have the records for those. He'll tell you which ones.
He'll need to already have lined up a job there. Part of the paperwork to get a US working visa is a letter from his employer on his employer's letterhead which decribes a bit about the company, states it's intention to hire your friend, and also explains why this guy's role couldn't be done by just anyone. The idea is that you can't be taking a job from a US citizen... it's gotta explain why the job can by done by him and only him.
Then he goes armed with all that paperwork and flys down to start his job. When he goes through customs he'll show all that stuff, and his passport will get stamped with the visa.
I might be forgetting some steps... He really should get an immigration lawyer to put everything together.
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Texas ain't bad, but it depends on what part of Texas.
West Texas is desolate, dry, and hot.
East Texas is pretty nice with the pine trees and such.
South Texas is more humid than most anyplace on Earth.
North Texas, gets cold in the winter, hot in the summer.
Cost of living in Texas is low. 2,000 sq ft home (3 bedroom, 2 bath), in a nice neighborhood will set you back about $125K or so.
Technology jobs are most available in the Dallas/Ft. Worth area (north texas) or Austin (dead center of the state..maybe a bit south).
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Curval... I'm not sure if I broke any laws or anything... When I worked in the US I just didn't pay any Candian taxes and paid taxes to the US. When I moved back I paid taxes to Canada and stopped paying taxes to the US. Haven't gotten any flack from anyone about it...
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No doesn't sound like it at all. It's what is "beauty" about being Canadian. :)
Technically you should have had to qualify for non-residence excemption from taxes by meeting certain tests as mentioned when you left Canada. Severing your economic ties to Canada would be closing bank accounts, selling all real estate (or at least deemed dispositions of property reported on your last tax return), terminating club memberships (or move to non-resident status, if any)...things like that. You just need to be able to prove you were intending to really beome a non-resident. Staying in Canada over 179 deems you to be a resident and you would be liable for Canadian tax. Your last tax return is important if you have significant taxable income. If not you are fine and given your circumstances you obviously intended to become non-resident.
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Cool. :cool:
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Curval, what Islands do you mean?
I have 0 dependents, own nothing, owe a little bit (school loans) and am free to go where ever I can afford to... (right now thats about from this chair to the toilet)
Oh yeah, I am graduating college, not university... Computer Systems Technology with no certs yet as I can't afford to take the damn exams.
SKurj
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Oops Skurj, for some reason I thought you were saying that yer friend was wanting to relocate, not you...
I don't think you're going to be able to do it with just college... I'm pretty sure you need a University degree. Also, network admin is not a good category as I'm sure there are lots of those out of work in the US... and part of working in the US is arguing that the job you do is unique enough that only you can do it... and not just anyone, namely a US citizen.
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Nash
Yeah its me... well, without a Univ degree surely a few years experience will count for something?
I am thinking of targetting casinos(errm for employment!!) here in canada eh, with the hopes that the experience maybe a shortcut to sliding into the US (Nevada at least)
I don't have any problems working a couple years up here, if there is a light at the end of the tunnel...
My other option to find nicer weather is europe... I hold British citizenship as well.. but my first choice is the US.
The ONLY thing I have against Canada is the weather.. I know as far as the cost of living etc we have it pretty decent up here. Though I'd love to live in a place where ya can live in shorts and ride a motorcycle year round....
Guess I could target multinational companies with the hopes of a transfer somewhere down the road...
SKurj
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Skurj,
The most promising place in Arizona for your type of work would be Phoenix. It was just listed as the 6th largest city in the US and will likely be the 5th as it should pass Philly next year. The main problem is the heat for some one like you that is used to milder summers. Phx. will be 115 degrees tomorrow (Thursday July 10th) and yes, it's still a dry heat. Until the monsoons start.
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sorry, it snows here... a lot
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Originally posted by SKurj
Curval, what Islands do you mean?
I have 0 dependents, own nothing, owe a little bit (school loans) and am free to go where ever I can afford to... (right now thats about from this chair to the toilet)
The Carribean islands.
Most of the Carribean is dying to have network support types go there for as few years, maybe train a local or two and then will wave goodbye after a few years, no strings attached. Given your feedom you could go to one of the islands make your tax free US dollars and then go home and buy yourself a house or whatever when you get home. You won't owe Revenue Canada a penny and despite the fact that the Canadian dollar recently took a jump in value there is still a favourable exchange rate. You'd pay off the school loans much faster,
:)
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Originally posted by funkedup
He'll be Terminated soon. :)
Trade you Gray for Gary Locke! :mad:
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With a two year tech collage diploma in net admin your not getting in the states or its certainly a very long shot. Even at the height of the US tech visa program such an education was hard to get a visa with. Any tale told by someone who might have done it 3-4 years ago is irrelivent.
Visa Quotas are way down (I would imagine that visas are being non renewed even now.)and your competing for net admin jobs with indian visa applicants with doctortates. As people have said, jobless rates in the US are up and the retraining programs are popping out Net Admins at a ferocios rate. So I would imagine only very senior people in that kind of role would be getting visas.
If you want sun look to the Gulf. They are always hiriing in Quwait and Saudi. Its in the paper every weekend. You might have a bit of a sales job with so little experiance though.
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Check out this website, I know a couple of people who went this route around the tech boom and it had a bunch of informaiton on it:
Immigration Lawyer (http://www.grasmick.com/)
My understanding is that in the current IT climate you are pretty unlikely to find a way to move to the US. A company would have to hire and basically sponsor you to move down there.
There are a whole host of other issues to consider also. Family members can not work even if you qualify to do so unless they individually qualify (so your kinds couldn't even hold a paperroute), then there are tax issues with the balance of assets being the country in which you pay tax (so you might need to flog stuff in Canada if you want to pay US tax rates). Then there are issues around what happens if you lose your job, you can't simply find another, you have to leave the US and then come back. You also have to qualify for a visa, which can be tough, and almost impossible at an entry level IT job unless you have a specific skill that is deemed in short supply.
There are a bunch of other issues also but I know a number of people in IT who went to the US and none remain there anymore (some simply moved on to other places). I simply don't think the market is overly friendly right now.
Anyway, check out the website but don't get your hopes to high.
-Soda
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Skurj,
Why not just move to Hong Kong? They're always on the look out for IT geeks. The top tax rate is 16%, you don't have to renounce your citizenship to become a permanent resident, it's nice and warm, and almost all the Chinese moved to Canada, so you don't have to worry about them. Nice bit of pay back, actually if you think about it - coming over here and stealing our women and our jobs... ;)
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Originally posted by funkedup
Hey come to California. We have high taxes, outrageous housing costs, and terrible traffic.
not to mention our insane legislators and a SOB governor.
Arnie for the Governator!
(http://www.raf303.org/mietla/t3_22.jpg)
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Wherever you move, don't make it the Seattle area. They released some stats recently that said our area is down on population. One of these days we'll balance back from when all the Californians moved up here in the late 80s and early 90s.
No offense, but I liked it much better here up till then. There was virtually no pollution and no traffic. Now we have both.
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Skurj...I'm too lazy to read the entire thread, so if this has already been mentioned or is now off topic I, well, I still don't care, but I thought I'd mention it. Check out Oregon, specifically the Willamette Valley. Great place to live, ocean about an hour away, desert about two hours away, snow and mountains about an hour away, and plenty of crap to do between Eugene, Salem, and Portland. Anyhow, it ain't hot year round by any stretch of the imagination, but worth looking into - it doesn't snow much in the valley.
SOB
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SOB is correct.
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Originally posted by -dead-
Skurj,
Why not just move to Hong Kong? They're always on the look out for IT geeks. The top tax rate is 16%, you don't have to renounce your citizenship to become a permanent resident, it's nice and warm, and almost all the Chinese moved to Canada, so you don't have to worry about them. Nice bit of pay back, actually if you think about it - coming over here and stealing our women and our jobs... ;)
Heh not such a bad idea... cept for the ridiculous cost of living.....
Well shiiii ....... not alot came from this thread, though I will look into the islands, and hell any overseas work I guess.
Hope the IT field picks up soon....
SKurj
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Originally posted by SKurj
Hope the IT field picks up soon....
and if not... hey, I'm still looking for a good butler.