Would you be willing to move to a country described as a tax haven?

1 Answer

Answer :

You can’t just hop over to Bermuda and work, because it is not America or a territory of America, and they have their own requirements for expats to work. Here is one link with some info. Also, laws have changed, so I am not up-to-date on US tax laws regarding expats, but it used to be you had to be in the US less than 30 days in a year to qualify for an examption in paying US tax. I think back when my husband was an expat it was the first $75K you earned was tax free, but above that was taxed. But, I was still living in the states, not sure if we filed separately that year, so his salary was evaluated separately from mine? Not sure.

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