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RE: I Have Decided To Leave The US and Here's Why!

in #freedom7 years ago (edited)

Leaving the US won't protect you from US taxes. As long as you are a US citizen they will expect their taxes. The crypto space is being restricted from US citizens no matter where they live. Of course, people find a way, but.. On the other hand, you are here to live your life as you see fit and find the environment that makes you feel the most comfort -- no matter where that takes you. I hope to follow your journey, if you share it publicly.

I have family members that relocated to Thailand and they love it so far. One of my ex's is former military and lives in the Philippines and now has a business, wife and child there. So, a few of the places you mentioned are destinations that I've heard have very receptive cultures.

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@avva that is correct that leaving the US will not alleviate me from paying taxes as the US taxes you on your worldwide income. This is not about avoiding paying taxes as that is not going to happen. However, there are other steps besides being out of the country for 330 days out of 365 days per year that I can take to lower this even further which I will not discuss here. I'm not opposed to paying taxes as I believe that everyone should just not half of what you make. This is something that I have been looking into for sometime, but that is not the only reason I'm leaving.

However, I will definitely keep everyone updated on this journey as it will be a long one.