How to Pay 0% Tax as an American

Feb 12, 2025

Discover clever strategies for U.S. citizens to legally reduce their tax burden. The discussion highlights the advantages of Puerto Rico's Act 60 and the Foreign Earned Income Exclusion. Learn how offshore corporate structures can help entrepreneurs pay zero taxes. Delve into the complexities of dual citizenship and the opportunities that come with relocating abroad. Explore the freedom that expatriation offers and the key considerations for those contemplating renouncing U.S. citizenship.

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ADVICE

Four Tax Reduction Strategies

Consider four ways to lower your U.S. taxes, including domestic deductions and three offshore options.
Explore options like Puerto Rico's Act 60, the Foreign Earned Income Exclusion, and offshore corporations.

INSIGHT

Renouncing Citizenship

Renouncing U.S. citizenship eliminates U.S. taxes, but consider potential exit taxes.
This opens more investment opportunities and banking options.

ADVICE

Puerto Rico's Act 60

Puerto Rico's Act 60 can reduce passive income taxes, potentially to zero.
Establish genuine residency in Puerto Rico.

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In this episode, Mr Henderson reveals four strategies—one domestic and three offshore—that US citizens can implement to legally reduce or eliminate their taxes. Mr Henderson explains how US citizens can take advantage of tax deductions, Puerto Rico's Act 60, the Foreign Earned Income Exclusion and offshore corporate structures in order to potentially pay zero taxes. Additionally, he touches on the possibility of renouncing US citizenship, which allows individuals to fully escape the US tax net.

Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.

We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.

No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.

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DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.