No Income Tax, No Real Estate Tax, No Capital Gains Tax & No Inheritance Tax
Does a place like that exist outside of a real estate investors fantasy or a CPA's nightmare? Imagine what your cash flow would be without income & real estate taxes!
YES!
Turks & Caicos, and island chain 35 miles south of Bahamas and 500 miles East of Miami doesn't have any of the aforementioned four taxes. They do have sales tax on all items including groceries, as well as taxes on rental cars, hotels, gasoline and a $40 departure tax to leave the country. Gasoline prices are around $5.85 USD per gallon. Notice how many of the taxes are geared to tourists? And notice how the taxes are point of sale taxes, so that you don't have to fill tax forms. Everybody speaks English and the official currency is the US Dollar, so there is no exchange rate. It is part of the British empire and not an independent country; the governor is appointed by the Queen of England.