3.13.2005

Bahamas:


The Commonwealth of the Bahamas, as they are officially known, is made up of some 700 islands and 2,500 cays or islets scattered over 750 miles of the Atlantic Ocean. This 100,000 sq./mile archipelago begins about 50 miles due east of West Palm Beach, Florida, where Freeport on the island of Grand Bahama is located, and extends lazily some 500 miles sourtheastward, finally ending among the Turks & Caicos Islands [another Caribbean no-tax haven, geographically (but not politically) part of the Bahamas]. Only about 25 of the Bahama islands are inhabited, and three-fourths of the people reside on just two islands - New Providence (where Nassau the Capital is located) and Grand Bahama Island (Freeport). The Bahamas - The Perfect No-tax Haven: has one of the largest volumes of tax haven business in the world. There is no personal or corporate income tax, no capital gains tax, no withholding tax, no inheritance tax, no death duties, no employment taxes, no sales taxes, and no probate fees in the Bahamas. Corporations, individuals, partnerships, trusts, and estates (including nonresident controlled Bahamian corporations) all enjoy this immunity. The principal source of revenue for the government comes from company registration fees and customs duties. [source: Tax Havens]

Just like the Swiss with their numbered accounts, privacy and confidentiality rules/laws, not so for those drug dealers trying to hide dosh. Whatever, Bahamas sounds wonderful, no taxes! I have just finished my taxes ( I do them myself). I don't think I will ever come out better than when I was collecting government assistance. The more money I make, the less money I take home, the more taxes I pay, and less money available to invest. I am the real loser when it comes to taxes. Myself, and numerous others who just can't get ahead. It's time to consider a new locale. This country lacks balls and run by a bunch aging politians who are probably operating with only a few brain cells. Honestly, elections are a waste of time, considering the choice of candidates are few and the parties they represent are all out to please everyone. Impossible, what the hell is wrong with everyone! G-d is on a rampage throughout this world and we all should be attentive to this rath. It never amazes me how the most decent, well-respected persons can be dirt within 10mins of hearing a news story on the local news broadcast. I can't stand the news anymore, I'd sooner watch dumb infomercials or tv ads, both are more informative.

Ciao.


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