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South Dakota: The Ultimate Nomad Tax Haven
If you’re living the nomad life, might as well do it tax-free
For you, home is where the heart is. But for the U.S. government, it’s where the domicile is.
If you’re going to live the digital nomad life as a U.S. citizen, you might as well do it without paying state income taxes. Join me as we journey to the Mount Rushmore State for a little tax talk.
This Week in Nomad Deals
Heat Wave Bargains: These U.S. travel deals are literally too hot to handle 🥵
Argentina Update: Peso plunges against the dollar 🇦🇷
Tax Hack: How one day in South Dakota can eliminate your U.S. state taxes 💰
Heat Wave Travel Deals
Source: Skyscanner
If you can stand the heat, you might want to get on a plane to Arizona.
Contrary to what you might think, summertime is actually one of the slowest seasons for travel in some parts of the southern U.S. That means some great bargains can be had…if you don’t mind sweating your nads off.
Case in point: Phoenix, Arizona has hit 115 degrees Fahrenheit on 15+ days this summer. But if you look at hotels, many are going for 20-30% below average. Travelers staying longer term could likely negotiate even sweeter deals hotels and Airbnb owners. Cheap flights are available to the city as late as October.
Argentina’s Peso Back in the Doghouse
Source: Google
Argentina just became an even better bargain for travelers.
Last week, Argentinian policymakers announced that they would devalue the peso by 18%, sparking yet another crash against the U.S. dollar. That’s undeniably beneficial for travelers paying in foreign currencies (though bad news for Argentinians).
But that’s not all. In Argentina, demand for dollars far outstrips the official exchange rate. That dynamic has resulted in a black market rate, sometimes called the “blue dollar” rate, that can nearly double your purchasing power in pesos. Travelers can access the blue dollar rate using several methods. One is to hit up a trusted black market exchange center with a bag full of crisp $100 bills. While technically illegal, these establishments are widely tolerated.