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In a lower income area, that's certainly possibly. But, in a higher income area? I doubt it. A single mid-career developer in the US is going to pay somewher
by alistairSH 5y ago
In a lower income area, that's certainly possibly.
But, in a higher income area? I doubt it. A single mid-career developer in the US is going to pay somewhere around 20% in income taxes (combined federal, state/local, FICA, after 401k contributions and taking standard deduction).
A nomad living in my area (DC metro) would have to consume a lot of stuff to make up for that tax shortfall.
- andrewzah 5y agoThis is moreso a failing of states to capitalize on remote workers. Plenty of people would just get a visa if possible. But it's very complex for most countries, and especially the USA. edit: Estonia is the only one that I know of that explicitly considers the position of being employed by a company located in a foreign country. https://e-resident.gov.ee/nomadvisa/ https://e-resident.gov.ee/nomadvisa/
- alistairSH 5y agoThis is moreso a failing of states to capitalize on remote workers. Plenty of people would just get a visa if possible. But it's very complex for most countries, and especially the USA. Absolutely agree. I'm not anti-nomad - I'd love to do it myself. But, the hurdles of doing are too high to make the leap. Hell, even doing it within the US isn't easy because of state taxes. And I'd want to visit places for more than the typical 90-day tourist visa - probably more like a year at a time.
- dragonwriter 5y agoA nomad that isn't also a criminal tax evader doesn't have an income tax shortfall to make up in most US jurisdictions, since most US jurisdictions with an income tax levy it on all income earned while in the jurisdiction. There may be a state or local payroll tax shortfall, because those have different standards, but usually directly fund benefit programs for which the nomad worker isn't eligible as a result of the same rules, so its a wash.