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The real real secret is Portugal, can't beat 10 years tax-free on foreign income.
by ricardobayes 4y ago
The real real secret is Portugal, can't beat 10 years tax-free on foreign income.
- jmyeet 4y agoIf you're aUS citizen or permanent resident, the US will still tax that (beyond the Foreign Income Tax Credit).
- nibbleshifter 4y agoYeah, that law needs scrapping. Feel bad for the seppos getting double dicked on tax.
- 55555 4y agoThis made me curious so I googled. It looks like you need to still pay tax in the other country (DTA), so, for example, as an American, I'd need to pay tax in America. Ofcourse I could get the FEIE but that only solves the problem for the first 110k USD. If you're paying 0% on more than 110k, where are u from? I guess most countries don't have worldwide taxation so you would just pay 0% in Portugal and 0% in the other country. Thanks for helping...
- ricardobayes 4y agoThis problem solves itself as I can't say I have seen many remote jobs that truly pay a US salary but allow you to live abroad permanently. Many people say they support location-independent salaries but reality says otherwise. Portugal has so low living costs you can live like a king on half of that, many german pensioners live there drawing a 1.5k pension a month and they eat at restaurants for basically every meal. I know someone who hasn't turned on the oven at home for 17 years. That said, southern europe is not so 'anti-alised' as parts of US, but it's pretty nice, the quality of life is amazing. Lisbon even has its own Golden Gate Bridge, called the '25 de Abril' Bridge.
- rr888 4y ago"The Portuguese can no longer afford to live in Portugal" from last week https://news.ycombinator.com/item?id=32677473 https://news.ycombinator.com/item?id=32677473
- cpursley 4y agoI almost mentioned Portugal but decided to keep it domestic. The Puerto Rico tax deal is the best available for US citizens, still.