It doesnt matter where in the world you live, if you are a USA citizen you will pay taxes to the us govt. You may REDUCE your US taxes by living aboard but it will not be eliminated. Only way to avoid/eliminate paying USA taxes is to renounce your USA citizenship and pay an exit tax.

@jeremyleonbarlow

24 күн бұрын

You only have to pay the exit tax if you are worth more than $2 million or pay over $150k a year in taxes on average, so renouncing before you are rich avoids the tax.

@tzarmario677

24 күн бұрын

@@jeremyleonbarlow yup, I agree. that was the point of my post.

@dexterspeights3484

24 күн бұрын

Buy your MAXIMUS by relinquishing US citizenship after acquiring a 2nd flag and passport!

@raylan9542

20 күн бұрын

The worst how they go after the middle class for trying to make a few extra dollars on Facebook and eBay, etc.

FEIE is only beneficial if you move to a low tax country, Monaco is so expensive that the FEIE wouldn't make a dent.

@NomadElite

21 күн бұрын

It needs to be low tax and low cost to be worthwhile.

I don't like Saylor. He told everyone ETH was a security just to boost his BTC bags and to hurt his competition imo.

Hey Nomad Elite - these Canadians who CRA didn't want to let go of - did they move to countries that had a tax treaty with Canada, or are we talking territorial countries (which usually don't have a treaty)? I was advised to move to a treaty country so I could use the residency tiebreaker rule in case CRA gave me a hard time...

This is why rich people use the cloak of poverty to protect their resources from economic parasites, which includes Count IRS!

@NomadElite

21 күн бұрын

Dexter is back! Love your lines bro!

Well, when the chickens come home to roost... all they do is slap you on the wrist. So, might as well do it.

@jeremyleonbarlow

24 күн бұрын

Roger Ver says otherwise. He renounced 10 years ago and they arrested him.

@NomadElite

21 күн бұрын

It depends on the magnitude of the crime, how many jobs are at stake, and many other factors.

@avernvrey7422

21 күн бұрын

@@jeremyleonbarlow even kings were arrested throughout history. No shame in being arrested. And since there's been no conviction, let alone sentencing, his situation is a poor example to the main point. Instead, consider the example in the vid, a slap on the wrist. And then factor in profile, status, amount, rate of convictions, sentencing on conviction. A vague adding up of these nebulous factors points to relatively low risk, and even if caught minor punishment.

@avernvrey7422

21 күн бұрын

@@NomadElite magnitude really is key, but even then, the punishments are coming in low. When one starts looking down to relatively low amounts, there's little to no enforcement.