Travel Like A Boss Podcast

Ep 161 - How to Legally Pay ZERO Income Tax

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Sinopsis

Do you want to pay no or very little tax? US tax attorney Stewart Patton helps US citizens who live or invest outside the United States understand and optimize their tax situations. Several of his students easily save $25,000 or more in tax, every single year. During the show, Stewart will give the steps to actually create the proper legal structure for your situation.   Links: Dropshiplab.com/tax - Stewart's Course @US_Tax_Services Book: 7 day Start Up – Dan Norris   Discussed: How To Legally Move to Texas and Save $10,000 a year on Taxes Trip Streak - Smarter Travel Search   Time Stamps: 03:01 – What is a tax attorney? 05:51 – Average taxes paid in California 07:22 – Foreign earned income exclusion 10:45 – Moving the business to Texas 18:22 – Starting an LLC in Wyoming 22:00 – Benefits of self-employment tax 26:50 – Paying into social security 28:36 – Setting up a non-US company 38:20 – Incorrectly filing taxes 41:42 – Offshore legal structures 43:05 – Holding a business in non-US corporation 46:30 – Pro