panamaguy

4 ms·

1. 1.▲
   by panamaguy 10y ago

   I couldn't post for a while, throttled or something. It's personal tax while I saved for later spending on the start-up. Even when optimized the US company tax rate was too high to be viable. I'm not American but could have m
2. 2.▲
   by panamaguy 10y ago

   Luckily I'm not American. For those that are you are you can renounce, or roll the dice with Panamanian banking secrecy. The token amount still really helps for small business and remote workers.
3. 3.▲
   by panamaguy 10y ago

   US taxes on global income if you're a tax resident of the US. There are ways to do it but at the low end it costs more than the taxes so it's not worth it.
4. 4.▲
   by panamaguy 10y ago

   I'm doing a self funded start-up and I moved to Panama from SF to save on taxes. I was paying over 50% tax and now I pay 0% tax. By moving here my start-up went from unviable to very competitive. I am now able to undercut my only compe