132. Expat Life with Mikkel Thorup
The Bitcoin Standard Podcast
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What Are the Most Effective Strategies That You've Found?
One of the first strategies that we put into place with americans is called the foreign earned income exclusion. This allows you to not pay taxes on your first 112 thousand dollars, us Dollars. If you're married, like i am, then it's actually a doubling effect. We usually set this up during year one, when we move people off shore. The physical presence test is objective. Its mass 330 days. But for sure, living in a place like panama, where i am, or in costa rico, or beliz, or nicaragua, or many other countries that are tax haven countries will do you well.
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