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Old 11-23-2005, 12:39 AM
MicroBob MicroBob is offline
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Join Date: Sep 2003
Location: memphis
Posts: 1,245
Default Re: Moving to Aruba/Cancun/Australia tax/residency questions

As TStone referenced in his original post...your first $80k of income that you make abroad are non-taxable in the U.S.
Income you make after your first $80k is still taxed.


You have to have lived a certain percentage of the year outside the U.S. to be eligible for this exception. Something like 180 or 210 days or something outside the U.S.
but saving on the first $80k isn't exactly small-potatoes.


Matthew Hilger also makes mention of having done this in his book Internet Texas Holdem.

LIGHTBULB: speaking of Hilger.....
TStone - Hilger lived in Australia for awhile and I believe in his book he mentions that he has lived in 16 or 20 countries or something.
You might want to swing by his forums (he has his own forum but I don't know the address) and ask him about it.
He's as likely to have knowledge about this stuff as anybody here will.


Let me know what you find out as this is a topic that interests me as well.
Cancun or South America or Europe could be possible for me in a couple years. Not terribly likely...but i'd still like to know.
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