
Sign up to save your podcasts
Or


While planning tax reduction strategies, people are mostly focusing on the income tax and they are neglecting the important part of the US tax system - the payroll tax.
If you're not sure what it represents, this type of tax includes social security and medical care.
Digital nomads, freelancers, and other people living and working overseas may avoid paying income tax, but if their company is registered in the US, they still have to pay the payroll tax.
That's why opening an offshore company and employing people outside your home country may be the solution you're looking for.
By Nomad Capitalist4.4
139139 ratings
While planning tax reduction strategies, people are mostly focusing on the income tax and they are neglecting the important part of the US tax system - the payroll tax.
If you're not sure what it represents, this type of tax includes social security and medical care.
Digital nomads, freelancers, and other people living and working overseas may avoid paying income tax, but if their company is registered in the US, they still have to pay the payroll tax.
That's why opening an offshore company and employing people outside your home country may be the solution you're looking for.

5,709 Listeners

771 Listeners

427 Listeners

268 Listeners

222 Listeners

1,026 Listeners

184 Listeners

459 Listeners

135 Listeners

76 Listeners

372 Listeners

71 Listeners

417 Listeners

44 Listeners

44 Listeners