Please Help!
I have a dilemma and a question! You and I might have a similar bit of a dilemma to deal with, between now and January 1st, 2013. If the congress can't do something about this, before the end of the year, the amount of money you and I can give away, each year, without being taxed on it, is $10,200,000 per couple, per year. If nothing is done about this, you and I will only be able to transfer about $1,000,000 per year, per person, to anyone of our choosing, without paying any taxes on it! That's only $2,000,000 for Lila and I combined! (No, it doesn't have to be a relative.) Damn this "fiscal cliff" thing! What will we do?
A friend may have come to my rescue! Problem solved. All Lila and I have to do is route our teaching profits through Ireland. We can then transfer our money to the Netherlands, tax free! Then, all we have to do is transfer our money to the Cayman Islands, again, no transfer fee, no taxes and set it up as a tax shelter. It is called the "Double Irish With a Dutch Sandwich" - really! Thanks Mitt! With this same wonderful process Apple would have had to pay regular taxes but was able to save 2.4 billion dollars in 2011. What a great deal! You can get the details at:http://www.mastersdegreeonline.org/masters-of-tax-evasion/
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