I'm not American, but I moved to Panama to avoid all this 'first world' tax bullshit. As an American, you should consider moving to Puerto Rico.
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I'm not American, but I moved to Panama to avoid all this 'first world' tax bullshit. As an American, you should consider moving to Puerto Rico.
I did vaguely consider it, but I'm pretty attached to my current location (Blacksburg, Virginia) and it would mean leaving family and friends behind.
Have you thought about investing the profits of your business into Opportunity Zones? (Incidentally, Puerto Rico is one but there are a bunch others.) There are some great tax benefits and crypto gains would be eligilble.
https://www.forbes.com/sites/stevenrosenthal/2018/08/20/opportunity-zones-may-help-investors-and-syndicators-more-than-distressed-communities/#2e67c68176f2
https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions
I'll check it out, thanks!