Comments by "dlukton" (@dlukton) on "Why Americans Should Get a Second Passport" video.

  1. Yes; that is a way to eliminate US tax obligations.
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  2.  @Tom-tk3du  I certainly don't claim to be an expert on either marital law or international tax law. But it would seem to me that if an American man married a woman who is, for example, a Brazilian citizen, and he set up a corporation in the British Virgin Islands, and he put the corporation in his wife's name, I don't see why he would even have to disclose the existence of the corporation at all to the IRS. Another variation would be for him to set up the corporation in his own name, but to pay his wife as an employee (without necessarily revealing to the IRS that the employee is his wife). He could then pay her a salary of, e.g., $200K per year (or more); that $200K would then constitute a valid deduction from his corporate earnings, and therefore not subject to US taxation. POSSIBLY if the US citizen in question were to admit the existence of the marriage to the IRS, you'd be correct; but I'm not sure even of that.
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  3. Yeah, I sort of lean in that direction also; HOWEVER, one can never be sure when the "window of opportunity" to get a particular 2nd passport will close. It's happened before.
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