4 ms·
Unlike most countries, the U.S. still taxes non-resident citizens which probably does something to put people off emigrating the US.
by throwawayReply 10y ago
Unlike most countries, the U.S. still taxes non-resident citizens which probably does something to put people off emigrating the US.
- ant6n 10y agoIt's like an economic wall that prevents highly skilled people from leaving.
- dwightgunning 10y agoAFAIK this is offset by double taxation treaties. This the case for NL so I assume it'll be the same with other developed countries.
- ryhamz 10y agoRight, but you can take a foreign tax exemption or credit. You can make a US tax free $100k in Hong Kong with the exemption. Going the credit route takes what you pay in local taxes and deducts that from what you pay in the US, so in European countries with high taxes, you still don't pay any more. Still have to file though.