Well Chips, if you think you pay too much tax for what you get back and you don’t have a lot of family ties, you should look into the caribbean. Reside and have the business there. It won’t let you off US income tax, but you’ll skip state, local and employment related tasks.
when i came to canada the lawyer asked why didn’t move to bahamas and pay 10% in taxes. I might have, but have kids and family around here.
I’m not saying “love it leave it”, just that if you are seriously considering it, definitely look into numbers and see it really does make sense.
Now for us in Ontario, my effective tax rate is about 50% higher than US. we were paying $900 a month (in 2006) for medical insurance that is included in those taxes. My kid’s in a school where her class size is 15-20 kids and not 25-30 like in michigan, though this is due to a local quirk, rather than the system. So we feel it’s a decent trade off.