Everyone has something they can’t stop themselves from nerding out over - but often it’s hard to find people to talk to about it. So go ahead, share your interests, and tell us about them!
My uncle did this in retirement. Dual citizenship US - Italy. Moving to southern Italy village of less than 20k population means 7% flat tax for 10 years. He’s probably saving 100k per year in taxes. Which pays a lot toward a nice villa, a sailboat, dinners out, and travel money.
I don’t know all the details (yet). I also have US/Italian/EU citizenship, so it’s something I thing about. I think about living in a sailboat in the Mediterranean often.
It’s all very interesting. Your method is even more intriguing.
Have any good resources in the topic you can share?
For what it’s worth, I haven’t paid more than ~1% effective tax rate in years. This past year I owed like $50 total… For the whole year. Something like 0.03% of my actual income.
If you want to stay stationary, 7% is pretty decent but you can do better bouncing around.
