At least according to a young man named David Krug, who has a huge website retire.com.mx, to which you can subscribe and download the first chapter of his book, then purchase your own copy. Any of us who have scoured the internet for information on this topic are well aware of the preponderance of sites devoted to expatriation. Another blogger I discovered, Steve Schwab (any relation to 'Chuck' ?), reports that in the next 15 years upwards of 6,000,000 baby boomers will have settled in Mexico. Thankfully, they will be scattered throughout the entire country and not just in Yucatán. Schwab states "Do the math on 6,000,000 people buying a $300,000 house or condo and you will understand why the U.S. Government is trying to tax this massive shift of money to Mexico through H.R. 3056. The U.S. Government calls this 'The Tax Collection Responsibility Act of 2007'. Those who will have to pay are calling this the EXIT TAX". Well, this certainly caught my attention. How could I have missed something this big and costly? I immediately googled H.R 3056 and found that the bill was introduced and sponsored in 2007 by Rep. Charles Rangel (D) NY (who was censured by the House this year for ethics violations). The bill passed the House but never made it out of committee to the Senate, so it has effectively been killed. Good. That would have eliminated Krug's 'More Taxes' from the list of the cost of NOT living in Mexico. And it might have stopped our Mexico retirement plans dead in the tracks.
|One of the most photographed buildings|
|You rarely see this building in photos of Mérida, but I actually like it.|