Beginning of a new year and time for some tax planning. If you’re not a U.S. citizen and thus subject to worldwide taxation, maybe it is time to move to the U.K.? The all-in tax rate for “entrepreneurs” is 10 percent for capital gains (see Entrepreneurs’ Tax Relief). Compare to 37.1 percent for a California resident (20 percent federal plus 13.3 percent to uphold virtue within the state plus 3.8 percent Obamacare tax).
One thought on “Move to the UK if you’re an entrepreneur? (10 percent capital gains tax)”
Aren’t you forgetting a 3.8 or 4 % capital gains surcharge kicking in on capital gains when AGI exceeds some threshold ($250K?)?
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