Comments by "Jeremy Barlow" (@jeremybarlow2291) on "8 Best Countries to Move to from the USA" video.

If you are not making sizeable income, I think there could be some advantage to especially Americans moving to less tax favorable EU countries in the short term like a Luxembourg, Sweden, or Germany when they have a long term plan to build wealth and a patient timeline to accelerate their wealth building. There is a lot to be said for having an uncontroversial citizenship as a travel document if you plan to renounce and you may want to from time to time visit family in the USA. I mean no one at the IRS will think you moved to northern or western Europe to save on taxes and no one at customs is going to bat an eye when you return on ESTA waivers. I mean even if they ask why you are no longer an American and you can tell them after paying a 40 plus percent tax rate in Europe you really didn't want to have to deal with paperwork for Uncle Sam anymore especially when it made having a bank account in your new country harder, they are not going to be anything other than sympathetic.
9
Portugal has a D7 visa which might work, and many EU countries have self-sufficiency visas or work visas if you can obtain a sponsored job in the local market. There are freelancer visas in Germany and Luxembourg, also Czechia, and Croatia has a digital nomad visa as does Malta. There are a lot of digital nomad visa in the Caribbean and Latin America as well. Work visas through employers are typically the easiest other than student visas for working class individuals. Your next best bet is a local spouse with an EU citizenship or the citizenship of a country you want to live in. Traveling on tourist visas while self-employed remotely is your next best bet, see the Vagabond Budha for that kind of lifestyle.
6
@jimsy7al um yes you can. Your social security entitlement is an earned benefit and you are still eligible to receive it regardless of citizenship.
5
@Learned333 I am literally a tax lawyer. You are taxed on any unrealized gains only. If you have previously paid tax on the assets ie you have cash in the bank that you paid income tax on, it is not taxed again. T-Bills are a cash equivalent like cash in the bank.
5
@Learned333 the exit tax is only on untaxed gains and income. So if the person who just won the $2 billion Powerball were to buy a Maltese citizenship, and renounce next year, assuming they kept the money in T-Bills their exit tax would be the normal income tax on that year's interest.
4
@enjoyslearningandtravel7957 most EU countries have exit tax rules for companies that are re-domiciling, the EU prevents exit tax on individuals moving with the EU, Mexico has exit tax on companies transferring assets. Australia, Japan, and Canada all have exit taxes when an individual ends their tax residence in those countries. Those are just the ones I know off the top of my head.
3
CRS coming into effect. The fact that their neighbor has previously invaded them and a lot of Russians have moved there to dodge the draft and raised rents might have something to do with it.
2
In all honesty Sweden or Mexico. Neither country was big on lockdowns.
2
It can become very complicated depending on where you live.
2
@enjoyslearningandtravel7957 my example was based on someone who just won the lottery and paid their taxes on it. Yes it applies to the unrealized gains on all assets if you are subject to the exit tax because you owed more income tax on average over the last several years or had more assets than $2 million, but my specific example was someone who had a lot of assets, but no unrealized gains. They had already been taxed on their money. Same holds true if you had just sold your business and paid the taxes on it. Assuming you didn't have a lot of other assets.
1
@enjoyslearningandtravel7957 exit taxes are fairly common actually
1