8 ms·
This was a pain for me for years when I was a nomad. The US and North Korea are the only two states that tax citizenship instead of residence. Since US taxes w
by bhuga 12y ago
This was a pain for me for years when I was a nomad. The US and North Korea are the only two states that tax citizenship instead of residence.
Since US taxes were unescapable, I eventually went for tourist visas, moving every 3 months. The host country does not consider you taxable. I used this in Spain in particular. It worked out fine. I had a spanish lawyer and a spanish accountant, both were of the opinion that it was above board as long as I took longish trips every few months. As long as you're still working remotely and not using social benefits, there's no real legal category for you yet.
There is private health insurance explicitly designed for Americans living abroad. It's dramatically better (and cheaper) than regular american health insurance. Mine, for example, was $1700/year for 100% coverage outside the US and an extra $2900/year for 80% coverage if I wanted it active in the US too.
- jambo 12y agoI thought the Schengen area had a 90 days in/180 day limit for USians? Is that only for the visa waiver?
- codecamper 12y agoThat's true. I wonder how he could take those short vacations. Maybe he was on a Spanish non lucrative visa?
- SoftwarePatent 12y agoOP here. Can you please link to that health insurance provider?
- contingencies 12y agoThe US and North Korea are the only two states that tax citizenship instead of residence. Not true; I believe New Zealand does as well.
- dragonwriter 12y ago> The US and North Korea are the only two states that tax citizenship instead of residence. The US taxes income of both citizens (regardless of residence) and residents (regardless of citizenship), it doesn't tax "citizenship", and it doesn't tax citizens instead of taxing residents.