Conversation

Jesse Powell
@jespow
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
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Status Quon't
@statusquont
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
@photomatt
has data to share?
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Jesse Powell
@jespow
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?
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Status Quon't
@statusquont
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!!
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Jesse Powell
@jespow
It depends. Generally, if you are there for < half the year, you won't. Some people are moving to a new country every quarter just for fun/variety/weather anyway.
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Show replies
Schedule F them all
@sstackmore
Replying to
@jespow
@statusquont
and
@photomatt
Most people don’t know or appreciate how easy it is to take advantage of the US Foreign Earned Income Exclusion. First 100k is tax free. A lot of countries don’t chase foreigners for tax you have a light footprint & are making money from outside the country but spending locally
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Schedule F them all
@sstackmore
Then for higher earners, there is the Puerto Rico strategy. I did FEIE for years, now in PR. Research act 20/22. Lets get more smart bitcoiners down here to stack with less tax.
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