September 24, 2026

3 thoughts on “5 Reasons Why it Made Sense to Leave America

  1. Thank you Tom for speaking the plain truth. It pains me when I recall my father, an immigrant from Europe, when it came time to paying his taxes, would actually send a check with more than he owed. He attached a note to his return which read: “Here is a little extra money. Thank you for allowing me into the country.”

    Your article was particularly timely since I just sent a check to the IRS. I am 73 and own a small business of which I am the only employee. I have never taken a week long vacation in 40 years. I also work my butt off but it seems I’m being punished for my hard work.

    I presently own property in Panama but have used it 3 times in 10 years and for only a long weekend.

    I enjoy your newsletters. Thank you for your ear.

    Regards.

    Paul

  2. Sounds like my kind of place to live!!! Will be down to check out this fall. Looking for place for part time living as I am retired. Like the west coast area around Boguete. Have been to Costa Rica many times over 30 years ,not my cup of tea.So now would like to see Panama !!!

  3. Agree with much of it but Panama does have a 25% corporate income tax from the first dollar earned plus a 2% corporate value tax, higher labor tax, worse labor laws, and a very small labor pool that can hinder growth an any company in Panama. From the tax point the US is almost less tax than Panama at this time for local companies. Tax on an international level the US is such that it makes no sense for any international company to be based in the US. Which is really sad, at least for the US.

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