Pietz Life

Don't forget to live
levelsio
order new trimmer #life
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levelsio
make appointment with Dutch lawyer to review if I’m properly set up with residency now #life
levelsio
get groceries w/ @marc #life
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levelsio
get Portuguese Vodafone eSIM phone number #life
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Maker of WIP amongst other things.

You leaked Javi's location 👀

levelsio
go to fish market #life
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levelsio
meet w/ @johnnymakes and celebrate our Portuguese residency #life
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levelsio
become Portuguese resident #life
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FullStack dev - Maker of justmandala.com #3 Product of the day french.dev - French devs directory OMC.dev - Learn to code (in French)

Maybe it's a stupid question, but why?
As EU resident, we can legally live in every EU country, right?

Building AgenC & Cardpickr.com 💳

@icesofty I’m guessing taxes

👨‍🎤 Serial maker

You need to live somewhere, and I didn't live in Netherlands so couldn't receive income from my company because if you receive personal income you need to pay tax on that somewhere. Now that I live in Portugal I can, and pay tax on it.

I'll pay 28% dividend tax + 17% corporate tax so effectively 40%. Which is pretty close to what I'd pay in Netherlands anyway.

But I'm not allowed to be a resident in Netherlands if I'm not there. And I haven't been there for years. In Portugal I actually am.

✨ G R A T I T U D E 🧱 Founder @ fundalytica.com & sonotap.com ✈️ 10Y Nomadism 🐪 35 Countries 🎯 2 Startup Exits 📈 $TSLA $BTC $FEAR 🧠 ENFP

But NHR + Tax Treaty = 0% Dividend Tax right? I hope so 😅

Tax residency is such a pain for nomads, have to spend 6 months in Thailand for the tax certificate.

👨‍🎤 Serial maker

Yes but I won't use NHR because I want to pay tax.

Many countries like Netherlands REQUIRE you to pay tax somewhere, because if you pay 0%, they can retroactively back tax you at home again. They don't like 0% rates.

So there is more benefit to actually pay tax than not. And I'm happy to pay tax and contribute to the country.

I'm not a libertarian and I believe in tax. In my ideal scenario I'd pay tax to the United Nations and they'd spread it fairly over the countries I spend my time.

FullStack dev - Maker of justmandala.com #3 Product of the day french.dev - French devs directory OMC.dev - Learn to code (in French)

" In my ideal scenario I'd pay tax to the United Nations and they'd spread it fairly over the countries I spend my time."

That's... a pretty damn good idea actually!

✨ G R A T I T U D E 🧱 Founder @ fundalytica.com & sonotap.com ✈️ 10Y Nomadism 🐪 35 Countries 🎯 2 Startup Exits 📈 $TSLA $BTC $FEAR 🧠 ENFP

@levelsio Being taxed retroactively in the future is a great advantage. Sounds like a form of tax deferral to me. As long as there are no fines and tax rates do not increase dramatically that is.

I believe the EU will introduce citizenship based taxation in the near future. Like the US federal tax. If we have that and social security contributions also become EU wide, it will simplify a lot of things.

levelsio
drive to 🇵🇹 Lisbon city hall to sign residency papers #life
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levelsio
go downtown w/ @marc #life
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levelsio
try to fix Amazon order for American teacher woman on Twitter who asks us to buy her class kids books but it doesn’t work cause wish list can’t get 2nd hand books and there’s no new ones, I give up #life
levelsio
cook chicken curry #life
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levelsio
kick down gym light w/ ball #life
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levelsio
tell Twitter how to make iOS home screen widget from Google Sheet A1 cell #life twitter.com/levelsio/status/1…
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levelsio
drink coffee in sunset w/ Portuguese bitterballen w/ @marc #life
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levelsio
change address on Revolut to Portugal #life
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levelsio
buy US treasury bonds 20Y+ for market crash protection #life
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levelsio
get up from floor #life
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Maker of WIP amongst other things.

Well done, sir.

levelsio
cook fresh salmon steak from sea #life
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levelsio
pay deposit 2x rent for Lisbon apartment #life
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levelsio
get 1M+ unique visitors / mo on all sites #life
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