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Old 01-19-2012, 03:18 PM   #11
Homeslice
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Quote:
Originally Posted by Papa_Complex View Post
If you put $1,000,000.00 in an offshore account, then it's immediately worth $380,000.00 more than a million dollars that you kept in the US.
Not sure how you're coming up with that.

Unless his employer paid him under the table, that $1,000,000 is after-tax money. It isn't going to be taxed again. Only the return he makes on it will be taxed.

Last edited by Homeslice; 01-19-2012 at 03:20 PM..
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