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!
At the risk of sounding edgy: Sex.
I live in the US. Sex, even just plain boring vanilla sex, is such a taboo topic. Everyone’s uncomfortable about it, and that sucks. I think it’s interesting, and fun, and there’s so many things to talk about from actual activities to social constructs and more.
Whenever it comes up, I nerd out the same way I would when talking about a game I am currently obsessing over.
Same! I have bad ADHD and my hyperfixations are often sex related.
The idea of time. It’s insane to me to think about events happening at different times in different places. Or for the same event to take different amounts of time depending on your reference points.
The sun is 8 minutes away from us, so we are looking at it 8 minutes in the past. If it were to suddenly disappear, it would take 8 minutes for us to find out. That’s mine-blowing to me! It’s like the past, present, and future are all happening at the same time.
Nobody cares to humor me when I bring the topic up lol
So facinating, even gravity is affected by those 8 minutes. Iow we would rotate around a missing sun, for 8 minutes, same as with light.
This is all also related to relativity, that someone else wanted to talk about in this post, i am just saying ;)I’ll humour you! Time is fascinating and malleable and really quite intangible.
So, if you want, fire away with anything you find fascinating about the concept of time!
I’m an American who has been living abroad for 7ish years now. I often read comments from people who say they would do it “but the taxes are brutal.” Absolutely not the case. I dug deep into tax programs when I left and can comfortably say I am better off financially now than at any time I ever lived in the States… A major part of that is my tax strategy.
I love talking about this but most people don’t really care or realize how significantly it can change their lives… Eyes just tend to glaze over.
As in, you’re still in some way paying U.S. taxes as well as those where you are abroad, or that the taxes abroad are brutal…? I’m not sure I follow which way you mean, mainly as I’ve never had the opportunity to live in another country.
As a US citizen you are technically always responsible for paying taxes no matter where you live. The US has a citizenship-based tax system (you owe on worldwide income regardless of where you live). Most other countries in the world have only a residency-based system (you owe only if you are actively living in that particular country). You are still required to file every year and you’re going to need someone more sophisticated than the dude at H&R Block or a free Quickbooks whatever. You need someone who is comfortable working with expats.
“Doesn’t that mean I have to pay taxes for both the US and my new country then?” No. The US has dual taxation agreements with most countries. That means that, basically, the US will not charge you taxes for things you’ve already been taxed for.
The main goal of paying less in taxes is to reduce your taxable income. The biggest chunk of this will happen with the Foreign Earned Income Exclusion. That essentially says that the first $120k you earn in a year is tax free. You can qualify for it by staying out of America for 330 days per year. There is no requirement to have residency anywhere else… You just have to be outside of the US.
That $120k rises every year. When you make more than that and do start to owe taxes, you will start to owe from the lowest tax bracket as well.
If you make $120k and do this, you just got a $30k raise in the form of taxes you no longer owe… You can pretty much travel the world for free using this money.
Now, I said that most non-US countries have a residency-based taxation system. That generally only starts to kick in after living in that country for 181 days. If you stay there for less time, you don’t owe them any money.
There are also countries who don’t have income tax or do but actively tell you not to pay it.
Living in a combination of these places, and bouncing around every few months you avoid any real responsibility to anyone.
If you do earn more than $120k per year, you can reduce your taxable income even further by doing things like maxing out your 401k contribution… That gets you to $142500 or so tax free. And again, you’d start paying taxes at the lowest rate above that.
Any other thing you mention in your US filing that can reduce your taxable income also contributes… Getting married, depreciation value on a home (US or not), investment losses, etc…
Working remotely from the US also gets you a higher salary than if you had just taken a job in the UK or Germany or Japan or something… So you can have the higher salary and the higher quality of live at the same time. You give up some employment protections and European style summer vacations but I’m personally ok with it.
Also, if you are working for a US company remotely, you can add these expected deductions to you W4 and never get charged for them in the first place… You’d have a MUCH higher weekly salary and wouldn’t have to wait for your tax return every year to take advantage of these benefits.
So spend summers in Italy, autumn in Japan, winter in New Zealand, and spring in Mexico. You earn an American salary, take advantage of lower cost of living, travel the world, and its all basically free… Good luck trying to get me to move back to the US.
There’s more but these are the major points.
