Re: Moving to Aruba/Cancun/Australia tax/residency questions
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If I'm filing a Schedule C as a self-employed, is my income not earned income regardless?
I thought about moving to Aruba, Mexico, Costa Rica, or Europe in a year or two to experience life in another country and get an awesome $80k tax-free bonus.
Sure, you still owe taxes after the $80k, but if you move to a country where internet gambling isn't taxed, you aren't paying them any taxes either. The savings plus decreased cost of living is huge.
Let me know what you find out as I'm seriously considering doing this after I spend some time living in Vegas.
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The more money you make, the less big a deal the 80K exemption becomes because you cant deduct half of your SE tax anymore. But its still a break nonetheless.
who cares if mexico taxes gambling earnings, how will they ever find out you are plaiyng poker in your apartment?
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