Panama City Panama. Zero tax on foreign income. If you continue contracting for US companies all of your income will be foreign.
It makes a huge difference. I paid over 40% in tax in SF. Tons of tech people are doing it as they can more easily work remote and are already competing on a global stage. I've joined a share house of foreign tech workers who all doing the same thing for the same reasons. It is in one of the luxury apartment complexes.
* Note: Americans will still own the IRS money if they earn more than $100K. It's still worth doing. I'm not an American.
How's the internet? I'm really interested in working remotely from Central America but worry that it'd be challenging to find reliable fast connections—at least in places that aren't downtown centers.
Last time I lived abroad (and you need to live for more than a year) it was basically an $80k deduction. So at $100k you're taxed at $20k. Small clarification but it made a big difference.
It makes a huge difference. I paid over 40% in tax in SF. Tons of tech people are doing it as they can more easily work remote and are already competing on a global stage. I've joined a share house of foreign tech workers who all doing the same thing for the same reasons. It is in one of the luxury apartment complexes.
* Note: Americans will still own the IRS money if they earn more than $100K. It's still worth doing. I'm not an American.