How to Pay 0% Tax as an American

What about taking retirement outside US?

I visited Puerto Rico with intent to do the Act 60 decree and I found it boring and ghetto. I’d rather buy real estate and heavy equipment and bonus depreciate it and build other businesses on US soil. PR sucks.

This is by far the best Nomad Capitalist video I’ve ever seen and should be the prerequisite video for the entire Nomad Capitalist video library. Keep up the great work!

What about rolling over all retirement to a ROTH? Does that make me free from any tax in any country kinda like a trust fund of already taxed money?

The “Land of the free” makes you pay to LEAVE! 😐 🙄 🫩

This guy gave up his US citizenship to run away from the IRS. Wyoming and tax loopholes is a better alternative.

Unfortunately Foreign Corp tax will be 37.5% reduced, instead of 50% reduced in 2026. Which means no more 10.5% effective tax rate. US makes taxes worse and worse every year. Ive already decided Im renouncing as soon as I can afford CBI

Does renouncing US citizenship automatically cancel one's social security number?

To be clear… Cuba doesn’t seem to be an issue to count towards 330 days if you travel there legally. For example my wife is Cuban and we operate Cuba tours. It seems legal to count Cuba if we have all of the necessary OFAC documentation for legal Cuba travel.

Ha ha ha ha. How’s taxes in Alabama, Andrew? 0? Let’s go!!!!

It costs $2300 to turn over your passport? They seriously have you held hostage

in march i began my solo-preneur journey and its going well. i sell marketing/websites to US businesses and can do this from anywhere with internet, because of that i fly to medellin 7/26 for a month and could ultimately never return. i dont have an established entity, a website, and i use stripe directly for invoicing with the plan of filing as an individual. what tax savings can i look forward to what what conditions would be needed to be met? please reply your thoughts guys!

The biggest tax deduction for your company comes from paying employees well — giving them real raises each year — instead of keeping them at minimum wage for 30 years or only giving them a 1–2% raise while you 10x your own income.

This is a very interesting resource to follow.

Did I miss something? At around 17:00, you went from $130k in income exemption per person to magically paying half the corporate rate on the rest of your income? How is that possible?

Somehow I got fortunate it seems. I live about 6 months of the year in Thailand and work about 6 months in the U.S. My U.S. based tax preparer nearly has all of my state and federal taxes returned to me every year. I literally nearly pay zero taxes...

Vote Trump. That’s how.

I must be in a minority, I believe (or used to believe) that paying taxes is a responsibility. I receive the benefits and services those taxes pay for, it’s my responsibility to contribute towards them.

I suppose a US Citizen tax is more of an insurance premium. That rare case you get kidnapped over seas and a US Carrier has to come save you.

My eye doctor moved to St. Kitts & Nevis, & had 2 hurricane's destroy his business twice. That was enough for him. He is back in the USA now. I asked him about you, but he is not moving now. O well:) Great video Andrew. Nomad Capitalist live looks really interesting this year. Trying to go. We will see. Live like a king in Oman, love it. First rate. Out.

What if you only have passive income? Where is a good country for that? Thanks. Peace now & forever.:)

The irs is a slave owner organization. They own you and your labor! They don't ask you how much you will give them, they tell you how much of whats yours they are going to let you keep!!! Don't pay taxes! Taxes are theft!!!This is why I don't volunteer my labor or wealth to the government anymore! Tax is theft!!!!

Unfortunately the foreign earned income exclusion doesnt apply to slef enployment taxes, so freelancers don't benefit at all. The exclusion only applies to income tax.

Im moving to S.E. ASIA next year full time! I have a LLC 50/50 ownership in the USA. How would my taxes work on that business and my earned income from 401k and stocks while being full time out of the USA? I will make residency in that country also as my wife is from there as well.

I understand that we (USA) have tax treaties with other countries (many) to prevent double taxation that is what I read it gives me some solace please feel to correct if I am wrong. Great show thank you..

Finally a video featuring the beautiful country of Uruguay 🇺🇾! my aunt moved to SA over 25 year and married an Uruguayan national. I visited her once and absolutely fell in love with the country. I want to move there within the next 5 years and it’s nice to have family already well established there. It’s so affordable they have 2 homes and 2 apartments across the country. Beautiful!

Could you do Canada please!

I’m that stock guy, with passive income. And boy did I pay taxes this year! Holy cow. How I can lower taxes I’m all ears.

New subscriber

glad he cleared up the peurto Rico crypto thing

Nice video Andrew. On a conpletely different note: Where is that Burgundy Sportscoat from?

Abolish the IRS - done

Well, moving out of a country is even more in-organic. Leaving your friends, parents, culture. So best way in usa to pay very little or zero is realestate, and then have stocks and what not and borrow against them. If you have your portfolio in swiss, you can borrow at 1-1.5% against your portfolio.

As a 3rd investment be in VC. If you invest in startup which has not reached 50 million in market cap, and hold for 5 years, once you sell 1st 10 million is tax free. And thats per one vc investment, not all, hence why rich for example invest 1 million in 10 startups 100k each. 7 will fail (tax deductable) 1-2 will do ok, and one will be the huge winner. Let say one winner now is 15 million, you invested 100k. Sell 10.1 million (tax free), and borrow against the rest of ~5million (tax free as its debt. Debt is not taxed).

If you want to sell some of the long term stocks, well with all the deductions of realestate, vc tax free, once you sell some of the stocks with that 20% long term cap gains tax, your overall effective tax still will be like 1-8% or so. USA IS A TAX HEAVEN- if you are in certain industries and borrow against your portfolio. Realestate always been like #1 writable-off asset. Then the rest depends on what usa govt trying to prop up. Sometimes its oil (then its good time to be in oil), sometimes its renewables etc.

Living in usa is great in states of florida, texas, wyoming, colorado for 9-10 months, no need to move to singapores, dubais. I can easily see myself living in miami for 5-6 months, 3-4 months in wyoming, colorado, montana for some skiing, hiking, hunting, and then 1-2 month vacations in dubai, asia, europe or whatever rocks your boat.

To qualify for the foreign earned income tax deduction, do you need to prove that you paid tax to your residence country? Or simply prove that you were in a foreign country.

What a out global minimal tax taking over? Doesn't matter if you have zero tax when global minimal comes into effect

May I suggest not giving a new way to trumpist to find your wealthy portfolio 😢

Totally agree. How to pay 0% tax on earth? Literally all earth citizens should pay 0% tax to government, and all governments need to pay earth citizens for all labor and hardworking

Not at your client level, but a solopreneur, and I would still have to pay self-employment tax.