Good summary of Passive Investing

[Hal]

Enjoy! https://passiveinvestingaustralia.com

PS: Non US citizens setting up a US based PP.....
<snip>
Unfortunately, the US has draconian estate tax (death tax) laws for non-Americans.
For countries without a tax-treaty agreement, the threshold is $60,000.

Above the limit of your country, the US will take 40% of your US domiciled shares for estate tax that your heirs otherwise would have gotten, and that is 40% of your total assets, not 40% of the capital gain.

[Pointedstick]

Lots of countries do have a tax treaty with the USA though. A list can be found at https://www.irs.gov/pub/irs-lbi/tax-treaty-table-3.pdf, and you can read their text at https://www.irs.gov/businesses/internat ... ies-a-to-z.

Having done so recently for eight of them, it's actually not so bad. Most of them have very similar text and broadly agree to the same thing (e.g. income only taxed in the other country, business profits only taxed in the USA).

[Hal]

Thanks PointedStick,

I suspect your post has made many non residents much happier about their US domiciled PP !