What questions do you have about becoming a Nomad Capitalist? Comment below with your suggestions or ideas for new topics you want us to discuss. Also, if you enjoyed this video, give it a thumbs up and click on the subscribe button.

@williamn6133

5 жыл бұрын

I would like to know the tax situation in the Philippines (as a British person).

@elagos2111

3 жыл бұрын

The question is: who will start a business, how start a pay no tax ou zero tax? If you are in the UK how to go offshore. If you make evasion to offshore country, are you continue to link with the original country? The original will go follow the money and will ask for tax because you own business offshore? What is engineering?

@darrenmclaughlin3028

3 жыл бұрын

The flyer Felixstowe are the one of the biggest tax evaders in Felixstowe Suffolk ip11 every year they seem to think there got the right not to pay nickerlous estates Felixstowe Hamilton rd big time tax evaders always defrauding the government

"I'm crazy enough to take on Batman, but the IRS!? Nooooooooo thank you!" -The Joker

@Soul310

3 жыл бұрын

Haha I just came from that Video....hahahah

Tax evasion is crossing a toll bridge without paying the officer in toll booth and Tax avoidance is crossing a free bridge to the same city.

@Neeko_Z

3 жыл бұрын

Nice.. but is it really evasion if they have no idea?

@pajay315

2 жыл бұрын

Same thing with iPhones

@zigoter2185

2 жыл бұрын

Tax evasion is hiding the money front a bandit. Tax avoidance is begging the bandit not to take as much.

I always assumed the difference was 3-5 years...

@lumdog5798

4 жыл бұрын

dwt51 ha

Private Individual: ain’t it great - my son’s got a part time gig. $6 an hour for cleaning dishes. It ain’t much, but it helps us pay the bil- Government Millionaire: *I AM ENTITLED TO THAT PROFIT*

@tazmania7785

3 жыл бұрын

I didn't realize this but my dad when he was alive was committing Tax evasion xD. He did his Taxes on his actual job. But his side work he didn't heh.

Taxation is thief

Great video. This is such an important point. I've made so many changes in my life to basically do what the government is trying to get me to do, that therefore give me tax savings. People always seem to think it's wrong, when it is literally giving the government what they're asking for! But I look forward to being able to get out of this crazy US system entirely. The thing to be concerned about is what's going to happen with the tax rates in wherever you move to, since for the US it apparently requires giving up citizenship here to avoid taxation here. Don't want to hop from the frying pan into the fire with a few year delay in between.

@nomadcapitalist

5 жыл бұрын

Thanks for sharing!

Feisty episode. Well done. Sometimes the truth stings. Go where you’re treated BEST

I will definitely read your book!!

Income, Property, Sales Tax... All for an ineffective gov system that pats themselves on the back for burdening more and more citizens🙄

@rynoh1294

5 жыл бұрын

Not just ineffective, but downright corrupt. Taxes siphoned from the people (tax slaves) to the oligarchs via the banks.

Thanks man i really needed this!

To own a shell company do you already need to own a company and have it trade marked? Or can i just open the shell with just applying for an off shore bank?

you were splendid

Gods work, brother. Lower your taxes and donate to your community is my motto.

Great points!! Deciding where to live is the free market of countries at work. Thank god there are choices!

Thank you for bringing clarity to the subtle differences of tax evasion and tax avoidance.

Thanks Andrew for your video. Your channel has been a great educational piece, although I am surprised to see no counter arguments in the comments. I think the idea of comparing avoiding/evading ‘tax’ between the upper and lower class to be a poor argument, (and I personally don’t believe the action of Tax Avoidance for millionaires to be moral, but that’s an opinion). To crystallise my main argument - fair enough, you want to keep more of your money that you have earned. But the issue is the Wealth Inequality is the impact it causes on the generations. I am ‘lucky’ to have seen upwards social mobility, and although I am likely never to be able to afford a house, at least I can eat and can pay bills (for now!). Wealth should not be a lottery determined by your (grand)parents income. I think Tax on Wealth is a leveller that I appreciate is not an opinion shared by many on this platform. I appreciate I may have a level of bias, but I will continue to learn by watching your channel, and counter-arguments (I am a scientist after all, so I’m at least trying to gather all the information I can!). I hope if there are any comments to my post, they can spare a kindness to explain rather than to offend. Happy to be directed to other sources.

Jordan Belfort[voice over]: There were other things about him too, like his phosphorescent white teeth. The fact that he wore horn rims with clear lenses just to look more Waspy. Then there were these rumors.

@Labdominals

3 жыл бұрын

Great reference, I’m dying my man

Love my accountant - tax issues are not morality; they're about "what does the law allow."

@dlukton

5 жыл бұрын

Yeah.... ALTHOUGH, there's the whole question of how members of Congress may have "monetized" their position in writing tax legislation... and to the extent that THAT may have been legal.

@Hedgehog3342

2 жыл бұрын

Yeah that's a lie, at least the tax issues isn't moral part is a lie Taxation is theft so yes it's a moral issue indeed.

@RobEJC

2 жыл бұрын

@@Hedgehog3342 Punctuation is morality issue as well.

Rip tax evasion the cave spider, may you rest in peace.

@lumdog5798

4 жыл бұрын

Thx

@noxaddict2500

4 жыл бұрын

LOL

thanks

Quick Question Though How do you get out of a building surrounded by the feds

@MassSolarClosers

2 жыл бұрын

You cant

The problem what people have with TAX AVOIDING is that people "pretend" moving to a lower tax country, And then still live in the country where they don't pay tax....

@zigoter2185

2 жыл бұрын

Which is good

tl;dr; Tax avoidance: Legal and morally defensible Tax evasion: Illegal and morally defensible Taxation is theft.

It isn't wrong to not pay taxes, it's just illegal for poor people.

@tayclark42

4 жыл бұрын

Lol rich people go to jail all the time for tax evasion

@thedeekabides

4 жыл бұрын

@@tayclark42 They go to club Fed and spend a few months playing tennis. Slap on the wrist compared to the wet bite they take out of the average Joe's ass.

@elukainz6670

3 жыл бұрын

summing it up perfectly - thank you!

I kinda expected him to start going "and today we're looking at tax avoidance and all of its quirks and features" or something like that

Lol I got asked this question on a test and I managed to forge the correct answer within what any of them means

I love to legally pay no tax at all. :-)

So I started making money around 2018 and didn't know anything about taxes or handling money ..I recieved a 1099 k for the last 2 years and hvnt done anything about it ,, I think I'm fucked unless I still got time.

Andrew is a pioneer of popularising the consumerist idea of becoming subscribers of nations. The average person today can become paid subscribers to Netflix, Tinder, KZread but only the rich and wealthy can subscribe to becoming tax residents of low tax nations. Because of this the state has no need to do more than the bare minimum in terms of quality of services towards their taxed citizens. In an increasingly globalised world people are becoming more aware of the rat races we are running and are gradually moving towards making our jobs location independent and becoming subscribers to nations that offer competitive advantages. I admire Andrew for living the libertarian dream. I'm still preparing myself financially to take the plunge.

@nomadcapitalist

5 жыл бұрын

Thank you James. :)

That’s what did in Studio 54

"whatever the IRS says, a good lawyer and ten years in prison", from the movie "the firm"

What if you run a business and just don’t file or pay taxes? Is that tax evasion?

@manjitdhillon3831

4 жыл бұрын

Yeah you lie about income on your tax return

That music makes me feel so capitalist! Oh yeah!

@margyiphillips4931

4 жыл бұрын

It makes me feel already a nomad capitalist while planning to become one.

Its ok! Ive decided against buying one! My other 5 vacuums will have to last abit longer Gonna treat myself another van instead! Strictly cash only though for obvs reasons! Crumb free dreams 😤😘😤

My love 🤩

Tax Evasion in Hungary is a pretty common scheme 😅

I don't mind being ethical but the gvt isnt so I don't care about being ethical with them

"Tax Evasion is a crime" 'IT'S AN OBLIGATION'

Why does this guy sounds like John Lasseter?

I'ld like to buy your book. Can I send you Bitcoins?

@nomadcapitalist

5 жыл бұрын

Hi Micky, We currently sell the book exclusively on Amazon, so we're at the limit of payments they accept.

Fuck paying taxes

Hes giving me the tad bit twisted vibessss

Dubai all the way mate

nobody ever reports tips lol

Tax evasion is okay. Paying taxes is less okay in fact.

😆 😆 😆

I don't care who the IRS sends I am not paying taxes

That's not really a good explanation of tax avoidance.

It’s not perfectly moral to avoid taxes. It’s clear that the more you make, the less percent you pay. It’s broken and stupid to justify theft. You do not give more to charity than you’d pay in tax, and we don’t always know where charity dollars go. Too often, they go to lobbying efforts.

@Hedgehog3342

2 жыл бұрын

Technically taxation is theft. So not paying is actually quite sane and moral. Especially since the government is a immoral institution. When you pay taxes you're essentially becoming dependent on the government. That's not a good thing, you eventually become slave to government. The rich themselves im pretty sure already commit theft but through very strategic methods usually loopholes that average Joe's couldn't do.

Please sub indooo

THERE IS NO SUCH THING AS TAX EVASION!!....... because TAXABLE YEARS ENDED AUGUST 16 1954.... by LAW PASSED INTO LAW BY THE 83rd and recorded AS LAW published as VOLUME 68A in the UNITED STATES STATUTES AT LARGE!! Google 26 CFR 1.0-1 paragraph (d) clearly says TAXABLE YEARS began December 31 1953 and ended......and ENDED.... AND ENDED AUGUST 16 1954; the IRC of 1954. THERE IS NO INCOME TAX AND HASN'T BEEN FOR.......70 YEARS!!!!! Any Subtitle F compliant/ enforcement provisions took place the day AFTER the date of enactment.... August 17 1954 but on that day there was/is NO TAX TO ENFORCE AS the tax died expired BY LAW THE DAY BEFORE.... August 16 1954!!!!

What a parasitic take

It’s your money, and therefore your democratic right to spend it how you wish. Why pay compulsorily for public services that firstly you don’t use because perhaps you don’t have a need for them (hence why subsidise others) or don’t wish to use because you can acquire a better quality of service privately, especially if the public service is failing you and is below par in terms of standard it delivers. Eg education it’s far harder to change a public provided school then it is to switch between private schools. Surely the consumer has a choice over public services a particular jurisdiction offers just as much as he does over private sector services in that jurisdiction. Therefore as Andrew rightfully says “go where your treated best” as a “consumer” you have the right to choose jurisdiction that is suitable for your personal requirements and commercial activities. What I like about this particular channel is that through the information that is provided it is empowering the people on their way up. The people who aren’t huge multi national corporations (who can fund multiple law firms, accountants banks, to set up and protect complex asset protection structures etc) or those without sufficient income who wouldn’t therefore benefit greatly from going offshore. The “developing person” as apposed to the “developed person” (eg billionaire CEO) can simply relocate themselves offshore through second citizenship or residency to a jurisdiction with more favourable regulations and lower personal taxes, without necessarily the need for complex offshore corporate structures not mention the annual fees involved in managing and administering these structures in an ever changing economic environment. Better still you can still earn an income directly from your work or self employment (especially if it doesn’t require a set location eg online business activities or provision of professional services as a self employed person) whilst also generate money through commercial activities or investments overseas (eg property investments). Overall you can earn a greater disposable income from being a “Nomad Capitalist”, with it you open your eyes to lucrative and preferential opportunities not necessarily available in the current country you reside in. Even if better business opportunities are available in your country by the times you’ve paid the obligatory taxes you’ll find your profit or disposable income is lower than if you had moved and invested offshore/ overseas. If your a self employed person or venture capitalist that doesn’t have to be in any set location second residency or nationality (simply moving yourself abroad rather than forming a complex asset protection structure abroad) is the way to go. Once your revenue from your business and commercial activities increase they may then warrant such structures which can always be created later. The first step is to secure and protect your own personal income.

@suthinanahkist2521

4 жыл бұрын

Right! There's no reason why the free market can't be applied to governance as well. Why should we be forced to give the government a large portion of our incomes under the threat of being kidnapped and thrown in jail by state thugs?

Thanks man i really needed this!