Taxes Help Me Decide

Posted by Abaco 9 hours, 3 minutes ago to Economics
2 comments | Share | Best of... | Flag

Now that my taxes are done for last year I’ve realized I have to start enjoying the outdoors a lot more and working a lot less. Punished for being responsible and not burying myself in debt…this has gotten ridiculous. I’m no rich guy. But, it’s clear they’ve tuned the tax code to keep people like me from getting too upity.

All Comments

  • Posted by Abaco 7 hours, 20 minutes ago in reply to this comment.
    Thanks! I’m not so nimble anymore. Family man. I do know some American engineers who did what you suggest. They did very well. One worked for Sony in Spain. Now has a big house on the hill in the SF Bay Area. Thx. I’m proof that a reasonable flat federal income tax rate would probably lift up the quality of life for all Americans.
    Reply | Permalink  
  • Posted by freedomforall 8 hours, 32 minutes ago
    The short term answer to federal income taxes is finding a place to live outside
    the US that doesn't tax you for what you earn outside that country.
    Then you move there and stay out of the US for 11 months a year.
    You can then get an income exclusion up to about $125k each year when computing US income taxes.
    In addition, you can exclude (effectively deduct) living expenses overseas from your income (up to about $125k.)
    This is not tax advice. Consult your tax advisor for exactly how this works.
    The tax code is designed to steal from productive Americans like you, but its possible to escape if you are nimble.
    Reply | Permalink  

  • Comment hidden. Undo