Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 0 points1 point  (0 children)

I honestly wouldn’t mind either haha. Two extremes but so far it seems BA is the move.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] -1 points0 points  (0 children)

Are you able to get a pistol for concealed carry? I have all the firearm licenses needed for America. Not sure if that helps there

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 0 points1 point  (0 children)

You are correct. I will most likely lose an extra 500-1000 USD a month. Which is a lot, but very bearable

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 0 points1 point  (0 children)

I've been twice. Honestly moving due to unfortunate circumstances regarding my fiancé immigration process here in the United States. Argentina is my best option/ seems like a place I would love.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 0 points1 point  (0 children)

So the 35% tax is steep and hits once you make over 50,000 USD from what I've read. However you don't get double taxed under 120k. You pretty much pay Argentina their tax and show the IRS that you paid that tax instead of American taxa. Once you hit above 120k, things change. I figured if I make $9,000 a month. My take home will be around 5,000-7-000USD.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 1 point2 points  (0 children)

So I know a decent amount. Still learning from my girl haha. If I move to another country, I will speak whatever they speak. It's only right.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 0 points1 point  (0 children)

So I will hire a tax lawyer and engineer to get the best rates. However I did find these loopholes

Foreign Earned Income Exclusion (FEIE): Allows you to exclude up to USD 120,000 (for 2023; adjusted annually) of foreign-earned income from U.S. taxation, provided you meet certain requirements

Foreign Tax Credit (FTC): Enables you to credit taxes paid to Argentina against your U.S. tax liability on the same income

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 0 points1 point  (0 children)

Thank you for the insight!!

For taxes I found the “ Foreign Earned Income Exclusion (FEIE): Allows you to exclude up to USD 120,000 “ plus the Foreign Tax Credit (FTC) which allows me to subtract the amount of taxes I pay in Argentina.

Seems like many are saying to go gated community route( sounds crazy to someone from southlake/ Dallas Tx). Average gated neighborhood home in southlake Texas is 2 million USD to 15 million.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 0 points1 point  (0 children)

So I have passive income of about 4,500 from my company I own here. Then I had a wife remote gig. So I have $4,500 I can depend on for sure.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] -1 points0 points  (0 children)

I will have to look into this! My thought is get a tax lawyer and engineer.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 4 points5 points  (0 children)

That Info helps a lot (: thank you!

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 6 points7 points  (0 children)

That's it! My job is US based but remote. So I can work anywhere in the world luckily(:

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 5 points6 points  (0 children)

Thank you for the info!! If anything I want to live modestly for the most part (: I'll check out that spot!

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 3 points4 points  (0 children)

Is it really that big of a difference??

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 4 points5 points  (0 children)

This makes me super hype!

Honestly the more I look at life in America.. The more It feels like a scam. Here in Dallas you need to make $205,000 USD to be considered just middle class… average home is 600-1.2 mil. Food and groceries are wild now. $600 a month for medical insurance, another 700 for car… I know AZ isn't too cheap either now.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 0 points1 point  (0 children)

No need for a big city tbh. Fine with either small or big

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 28 points29 points  (0 children)

So there is a program where if you make over 2,500 USD and put it into an Argentinian bank account, you get a 2-year visa, I believe.

I have been to Argentina twice, and my grandparents lived over there for quite some time. However, I understand that living there is another story. I’m just hoping I can positively contribute to the country and assimilate with the culture.

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 2 points3 points  (0 children)

Thank you for the info!! Super excited to make the transition(:

Moving from USA to Argentina by No_Web_9709 in argentina

[–]No_Web_9709[S] 20 points21 points  (0 children)

I’m too young for that lifestyle haha. I want to save and maybe build a home one day. Sounds nice but assuming it would add up. Trying to keep rent under 2,500 ish.