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To: Reeses
...Even if you are paid by an American company into an American bank account, if you perform all the actual work offshore, the first $120,000 per year is income tax free.

Not if you work in Europe or Australia. After 180 days of residence, you will pay local country taxes. Surprise! These are at even higher rates than American taxes.

You must know what you are doing and have the right locations, connections, and sponsors to make expatriation a viable plan. It cannot work for everybody, or even very many people.

Moving out of socialist States is usually the best option available for most people. Let the giant urban zones rot and die. Wall them off and do nothing to save them.

53 posted on 11/24/2023 10:50:37 PM PST by flamberge (Everybody is going to hate it when we all play by the same "rules".)
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To: flamberge
It cannot work for everybody, or even very many people.

From zippia.com: 27% of U.S. employees work remotely, as of 2023. There are expected to be 36.2 million American employees working remotely by 2025. 16% of U.S. companies are fully remote.

59 posted on 11/25/2023 1:01:13 AM PST by Reeses
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