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Why would you be selling annuities to a non us resident? Are you joking?! The tax consequence for them is 50% should one of the parties die. So say you have $1,000,000 - $60,000 (allowable us assets) = $940,000. Guess how much goes to tax man? $470,000 no questions asked. You can purchase offshore mutual funds and ADR’s. If you want to review options, my speciality is non resident, send me your email or contact me. You do NOT want want to be sued for negligence.
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It's a great way for the US to collect some extra tax revenue. Maybe then the rest of us will get a tax break !
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