Conversation

Residents of San Francisco, if you could keep your job but do it remote, from anywhere in the world, how much cash compensation would you be willing to trade? e.g., tomorrow, you move in to a luxury condo on the beach in Thailand, sell your car, stop paying CA income tax, etc.

0%
14.7%
1-10%
16.6%
11-20%
24%
21%+
44.7%

982 votesFinal results

Status Quon't

@statusquont

Nov 23, 2019

Wow! Shocked at these initial results. Geographical arbitrage has been one of the best untapped lifehacks of the last 15+ years. Amazed people would discount their own worth by that much. Curious if

has data to share?

Replying to

and

If you are high earning, you'll immediately save 10%+/yr on income tax. Savings on rent, food & transportation could be another 30%+/yr. Depending on where you're going, quality of life could be substantially improved. What's the value of not having to step over needles & feces?

1:21 AM · Nov 23, 2019Twitter Web App

Replying to

and

Could save more if you're smart about it. Change state residency to FL, WY etc and reclaim 9% CA taxes. Live outside the US, reclaim 25% Fed taxes. Live tax-free PLUS cost of living slashed by 40%. But better to keep salary the same and stack major sats!!

Jesse Powell

@jespow

Nov 23, 2019

Unfortunately, if you're a US citizen, you still have to pay the federal government on your worldwide income no matter where you live.

Show replies

Replying to

and

The company could also be saving on a lot of overhead. Could be a way to make it win-win without needing to slash salaries by 20% It also takes a special type of employee to self-motivate. The psychological challenges should not to be underestimated. Not all are cut out for it.

This Tweet was deleted by the Tweet author. Learn more

Status Quon't

@statusquont

Nov 23, 2019

May want to read "The 4-Hour Workweek" It's got some practical strategies to help convince employers to let employees work remotely. amazon.com/dp/0307465357/ :

Replying to

and

Let's also not gloss over the fact that you are undoubtedly trading out feces/needles for some other negative in another locale. It's easy to say "beach/condo/Thailand!" If there was already a eutopia somewhere else, there would be a long line to get in. It doesn't exist.