Post #8814 by Baybrooke on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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I never would have thought I’d be paying more in taxes during retirement than when I was working, paying the considerable tax on the salary I enjoyed with the airline. I’m sure there are many out there like me. Who on this board is calling for a dividend at Berkshire and why? I may just have to move to Monaco or something similar. I wonder if Jim knows any storage units there I can rent, big enough for a bed and a table lamp.

Not so fast, if you are a US citizen. The United States uses citizenship-based taxation (CBT), rather than residence-based taxation (RBT), meaning US citizens are taxed on their worldwide income regardless of where they live and where the income was earned.

Also, you can't take it with you. If not Uncle Sam, someone else will blow it! Since you already have more than you will ever need, don't sweat paying taxes too much <-:)

https://www.irs.gov/individuals/international-taxp...

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