Exclude $126K+ of earned income when living abroad as a US citizen.
§911 lets US citizens / residents who meet either the Bona Fide Residence Test or the Physical Presence Test (330 days abroad in 12 months) exclude $126,500 of foreign-earned income (2024, indexed) plus a foreign housing exclusion. Combined with FTC on remaining income and careful entity structuring, US expats can legally reduce federal tax to near zero on $200K+ incomes.
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Multiply the $10M §1202 exclusion across multiple trusts.
4% corporate tax + 0% capital gains for bona fide residents.
Stack the $500K primary-home exclusion on top of a 1031 deferral.
Convert Traditional to Roth during sabbaticals or business-loss years.
Capitalize property taxes and interest on undeveloped land.
Deduct now, control forever, employ heirs.
Ordinary loss (not capital loss) on failed small biz — up to $100K.
Buy leveraged real estate inside your IRA — tax-deferred or tax-free.