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1. solati+(OP)[view] [source] 2023-07-27 15:53:04
Bear in mind as well, you need to be earning a ton for the tax savings to offset the price of flights + price differential of short-term housing compared to long-term housing. You may have moral reasons for not wanting to pay taxes to a particular government, and there are of course quality-of-life benefits to being able to travel to so many places that can make it worth the cost, but I'm wary of claims that such nomadship actually saves anyone money.
replies(1): >>dmanti+C4
2. dmanti+C4[view] [source] 2023-07-27 16:10:38
>>solati+(OP)
Yeah, it's more profitable to reside in a low tax jurisdiction as I do, for example, but he asked me to elaborate on the idea and I know that such way of life exist and works perfectly fine for lots of people.

Th main idea as that I strongly disagree that a person must have an ID outside of some questionable country and that's more of an example. I personally traveled just because I wanted to travel a lot, it was before the war and stuff, but as I know currently lots of Russians, Ukrainians, Belorussians are changing countries to find the best for them. When you don't have home anymore, there is no reason to settle to the first place you visited.

BTW, 3 flights per year with 2-3 bags will cost you around 3k USD, you will probably overpay around 300-400 USD per month staying in Airbnb in low-cost of living countries like Thailand, so in fact the whole cost of moving will be around 7-10k USD per year. If you earn IT remote salary, you will probably save a lot.

Though you'll need a tax consultant to avoid breaking any tax law accidentally, but that's not so expensive outside of the EU and the US.

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