http://www.youtube.com/watch?v=fuL8QT22dyQ
Some examples of sovereign living would be when you move your business to a tax haven that doesn't tax "out of country" income. Or, opening up an offshore bank account to protect your assets.
When I hear of millionaires investing their money into offshore banking and only paying a small portion in taxes, that just tells me that the middle class on down are who is actually paying the president's paycheck. But, the millionaires have the president's ear. So, we pay but where is our voice?
Real offshore banks. Don't fall prey to a website that claims to be licensed by a fictitious country. Always check if the country actually exists or not and if the website has any documents of formation and so on that can prove that it is actually a real bank rather than a scam.
Last fall, the IRS compiled a list of criteria which must be met if a person is not to be penalized. If your filings show any signs of risk factors (those which do not meet the approved criteria) it is almost guaranteed that your taxes will be combed over carefully and possibly audited. Use the Offshore Voluntary Disclosure Program if you have any undisclosed money or earnings from the past and are ready to address the issue with the IRS.
When they treat us like we're stupid as if we don't know what's best for us, that's when they lose the most respect. Presidents often find themselves in hot water when they say something that doesn't go over very well. Then, they try to explain it as if what they said was not what they meant. Don't treat me like I'm stupid! I know what you said. I heard it with my own two ears and the brain in the middle is perfectly capable of figuring out what you meant on its own.
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