Re:They Could Buy, but Why? Meet the High-Renters
by ohyes on Friday May 19, 2017 @03:04PM
(#14378485)
I would be interested to hear how this works out for you, do you plan on chronicling the experiences? I'd be worried about mundane things like income taxes and having a proper mailing address. This seems like something only enabled by having a truly 'digital' lifestyle.
Re:They Could Buy, but Why? Meet the High-Renters
by devrandomguy on Friday May 19, 2017 @03:22PM
(#14378645)
For expats of most countries, if you spend no more than about a month per year in your native country and don't have property there, then you can declare non-residency. This way, you don't have to pay income tax to your home country, as you are not using their services. Also, if you are constantly on the move, not actually setting up shop and taking local clients, then local income taxes don't really apply either. Nomads aren't really compatible with most income tax systems, for better or worse.
It is different for Americans, though, they are on the hook for income tax regardless of where in the world they reside.
Re:They Could Buy, but Why? Meet the High-Renters
by philip1209 on Friday May 19, 2017 @03:39PM
(#14378773)
For us personally - we don't plan on being out of the USA enough for it to matter on income taxes. We plan on spending some time traveling through a couple US cities, too (like NYC, LA, and Chicago).
Re:They Could Buy, but Why? Meet the High-Renters
by philip1209 on Friday May 19, 2017 @03:22PM
(#14378644)
We'll set up a blog at some point - for now I have my personal [1] and company [2] Instagrams.
We're using Earthclass Mail for a mailing address. Works super well. They even cash checks for us.
When we shut down [1] my last company, my girlfriend said "it's now or never." I had realized that I dreaded going to an office every day, so I'm working on making my new company 100% remote.
[1] https://blog.staffjoy.com/staffjoy-is-shutting-down-39f7b5d6...