Hey @mrwalt have you considered Puerto Rico, you can live there and pay no federal tax. Only 4% PR tax total :) I'm considering it although not an ideal place to live, still great beaches.
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Hey @mrwalt have you considered Puerto Rico, you can live there and pay no federal tax. Only 4% PR tax total :) I'm considering it although not an ideal place to live, still great beaches.
I actually have looked into Puerto Rico and I may visit it before making my final decision on where I'm actually going to be. It will ultimately be between Mexico, Thailand, Philippines, and maybe PR.
@mrwalt but with those other destinations you'll still have to write a check to uncle Sam every year unless you renounce citizenship correct?
Yes indeed, but there are ways to reduce the amount of taxes owed which I will touch on in a future video.