I lived in the Territory of Guam
for several years. 1995 & 1997 - 2000.
I paid Federal Income Taxes, filed locally, and received a tax refund based on the number of exemptions claimed... exactly as if I were living in the States.
There was NO rebate or refund of any kind for military base rentals to residents of Guam.
The best benefit, relating to this forum, is that boat registrations on Guam are only renewed every three years at a cost of $45 ($15 per year).
I lived in the Commonwealth of the Northern Marianas (within sight of Guam) from 1988 - 1990. The CNMI has generous tax programs to promote investment... but I still paid a flat rate 6% income tax.
I ran a small submarine operation there and paid $10 per year for a new registration
Now I'm loving life in the Territory of the U.S. Virgin Islands
, we pay Federal Income Taxes - filed locally, too. I'm still waiting for my refund from 2002 and I doubt I'll ever see it!
Boat registrations in this territory cost $150 per year. But I feel it's good value as I believe the Virgin Islands are among the finest cruising grounds on the planet.
As far as supporting yourself while out cruising - I've been enjoying Life in Paradise by utilizing American & Australian Captain's Licenses, my sewing machine
and aviation & hard hat diving
credentials I earned in the Navy
30 years ago. My wife pitches in sometimes as a scuba
instructor, harbor bartender and marina office manager. Our quest has always been to collect skills & credentials which can be cashed-in around the waterfront, wherever we drop anchor
. At the moment, in my spare time, I'm gaining experience operating a travel lift
and a crane here in the boatyard.
For me - commercial diving
pays the best, driving tour boats is the easist work to find and I can always fall back on canvaswork & sail repairs
in order to keep the cruising kitty purring.
Knowledge and experience will never weigh you down.
But you always have to pay the piper in one form or another.
Death & Taxes.