Remote-work visas will shape the future of work, travel and citizenship

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17 points·ohjeez··3 comments

Although good and tempting idea per say, I believe this still need to have some additional technologies popping up to unlock some restrictions and really make it "mainstream". As I see it, this is still restricted for young people with the appropriate skillset (techno/writer,etc..).

Really looking forward to seeing this once the average guy ( here I think to the married man with two kids) will be fully benefit from it.

In addition, I would be very interested to see how big countries will react. I know Us citizens pay their home tax regardless where they live but this could be a huge issue for them in the long term.

> I know Us citizens pay their home tax regardless where they live but this could be a huge issue for them in the long term.

If you stay gone long enough (330 days/year IIRC) then the income you make abroad is tax-free (up to $80k also IIRC).

I got hit with a $30k tax bill because of leaving Iraq early (too dangerous for even my crazy ex-paratrooper self) though I should've gone down to Mexico and hung out on the beach for a few months or something -- in 20/20 hindsight...

If you want the term to google to read more about this, it's called the FEIE (foreign earned income exclusion). You're allowed to exclude up to a certain amount of your income each year from federal income taxes (for 2020, it's $107,600). Due to the pandemic they relaxed the rule this year so anyone who spent the first 2-3 months of 2020 outside the US can seriously consider using it.

https://www.irs.gov/individuals/international-taxpayers/fore...

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