Tax is outrageous where i live to discourage companies from doing this. I know you.can stick some cows on the land and call it agricultural land to decrease the tax burden but i'm not that experienced with real estate and will probably get arrested for tax fraud lmao. I'm afraid i don't know construction or land development work professionally so i don't think thatss a viable option for me.
You.might call me autistic but i have been considering investing in land outside of the us with up and coming economies and stable governments. But idk how viable that is with management and tax laws as well.
Thanks for your response.
Putting your money in some unknown- especially outside of the US, sounds like suicide. I would opt for the drunken Vegas binge before you do that. If you are really unsure, park it it precious metal and put your mind to work trying to figure out something (relatively) safe that will get you ahead/provide income. No need to rush into something.
I'm in the very early research stage for that. And i take my financial decisions nice and slow. Im not the type to just yolo my money into some african shithole.
Just wanted to get a feel on how others would manage the funds if they were in my position.
Moving money into assets outside the country isn't the worst idea until you remember that so long as you're a US citizen, you need to declare it and pay taxes on it. IRS has long arms until you hand in your passport.
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